Aspen crushed first-quarter revenue and earnings estimates. Its thermal barrier technology is catching fire with major manufacturers of electric vehicles.
Aspen Aerogels easily beat expectations for the quarter, and raised its full-year guidance. The company is working with a handful of automakers to incorporate its technology that makes batteries more efficient.
$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDA Raising 2024 baseline Adjusted EBITDA outlook by 83% Expecting positive net income for 2024 NORTHBOROUGH, Mass. , May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financi...
NORTHBOROUGH, Mass. , April 30, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, won a coveted Automotive News PACE Award for its PyroThin cell-to-cell (C2C) barrier platform used by leading automotive OEMs globally to improve electric vehicle (EV) battery safety and performance.
NORTHBOROUGH, Mass. , April 25, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in May: (i) Oppenheimer 9th Annual Emerging Growth Conference, (ii) TD Cowen's 2nd Annual Sustainability Week, and (iii...
NORTHBOROUGH, Mass., April 11, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C.
NORTHBOROUGH, Mass. , April 9, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to present at RBC Capital Markets' Battery Value Chain Conference on Tuesday, April 23, 2024, to be held at the Nobu Hotel London Portman Square, London, England.
Aspen Aerogels has seen significant growth and improved operating leverage recently, resulting in increased investor confidence. The company focuses on high-performance aerogel insulation for energy infrastructure facilities, yet it is the battery insulation business which drives the business here. The potential for growth in the thermal insulation market, particularly in the electric vehicle s...
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