Aspen Aerogels, Inc. Reports Third Quarter 2019 Financial Results and Recent Business Developments

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Aspen Aerogels (ASPN) Tops Q3 EPS by 1c

October 31, 2019 4:21 PM EDT

Aspen Aerogels (NYSE: ASPN) reported Q3 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $35.4 million versus the consensus estimate of $33.72 million.

"Third quarter total revenue growth of 48% was driven by strong demand in our core North American petrochemical and refinery markets and continued shipments to the PTT LNG Nong Fab receiving terminal project. As a result of this strong growth, we experienced exceptional improvement in... More