Aspen Aerogels (ASPN) Misses Q1 EPS by 8c

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Aspen Aerogels, Inc. Reports First Quarter 2017 Financial Results and Recent Business Developments

May 4, 2017 4:17 PM EDT

NORTHBOROUGH, Mass., May 4, 2017 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen Aerogels") today announced financial results for the first quarter of 2017, which ended March 31, 2017, and discussed business developments during the quarter.

Total revenue for the first quarter was $23.0 million compared to $32.8 million in the first quarter last year. First quarter net loss was $9.1 million compared to net loss of $1.8 million in the first quarter of 2016. Net loss per share for the first quarter was $0.39 compared to net loss of $0.08 per share in the first quarter of 2016.

Adjusted EBITDA... More