Seaport Global Securities Downgrades Aspen Aerogels (ASPN) to Neutral

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Go back to Seaport Global Securities Downgrades Aspen Aerogels (ASPN) to Neutral

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

November 3, 2016 4:15 PM EDT

NORTHBOROUGH, Mass., Nov. 3, 2016 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen Aerogels") today announced financial results for its third quarter of 2016, which ended September 30, 2016, and discussed business developments during the quarter.

Total revenue for the quarter of $29.6 million decreased by 6% compared to the third quarter last year. Third quarter net loss increased to $3.1 million compared to a net loss of $2.5 million in the third quarter of 2015. Net loss per share for the quarter was $0.13 compared to a net loss of $0.11 in the third quarter of 2015.

Adjusted EBITDA for... More