Aspen Aerogels (ASPN) Misses Q1 EPS by 4c, Trims Outlook

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Go back to Aspen Aerogels (ASPN) Misses Q1 EPS by 4c, Trims Outlook

Aspen Aerogels, Inc. Reports First Quarter 2016 Financial Results and Recent Business Developments

May 5, 2016 4:17 PM EDT

NORTHBOROUGH, Mass., May 5, 2016 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen Aerogels") today announced financial results for its first quarter of 2016, which ended March 31, 2016, and discussed first quarter highlights and recent business developments.

Total revenue for the quarter of $32.8 million reflected growth of 40% compared to the first quarter last year. On a GAAP basis, first quarter net loss was $1.8 million compared to $2.8 million in the first quarter of 2015. GAAP net loss per share for the quarter was $0.08 compared to $0.12 in the first quarter of 2015.

Adjusted EBITDA for the first... More