Aspen Aerogels, Inc. Reports First Quarter 2024 Financial Results and Recent Business Highlights
Aspen Aerogels, Inc. (ASPN)
Last aspen aerogels, inc. earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
ir.aerogel.com/investors/investors-home/default.aspx
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Source: PR Newswire
$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDARaising 2024 baseline Adjusted EBITDA outlook by 83%Expecting positive net income for 2024NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments.Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023. Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023. Net loss per share was $0.02, compared to a net loss per share of $0.24 in the first quarter of 2023.Adjusted EBITDA for the first quarter of 2024 was $12.9 million, compared to $(13.9) million in the first quarter of 2023. A reconciliation of net loss to non-GAAP Adjusted EBITDA is provided in the finan
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News
- Aspen Aerogels, Inc. (NYSE: ASPN) had its price target raised by analysts at Piper Sandler from $29.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
- Earnings Beat: Aspen Aerogels, Inc. (NYSE:ASPN) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Aspen Aerogels, Inc. (NYSE: ASPN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $18.00 to $28.00. They now have a "buy" rating on the stock.MarketBeat
- Aspen Aerogels, Inc. (NYSE:ASPN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Aspen Aerogels: Another Blowout Quarter [Seeking Alpha]Seeking Alpha
ASPN
Earnings
- 5/1/24 - Beat
ASPN
Sec Filings
- 5/15/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- ASPN's page on the SEC website