Aspen Aerogels (ASPN) Tops Q1 EPS by 9c

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Aspen Aerogels, Inc. Reports First Quarter 2020 Financial Results and Recent Business Developments

April 30, 2020 4:15 PM EDT

NORTHBOROUGH, Mass., April 30, 2020 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced financial results for the first quarter of 2020, which ended March 31, 2020, and discussed recent business developments.

Total revenue for the first quarter was $28.4 million compared to $27.9 million in the first quarter last year. First quarter net loss was $3.2 million compared to a net loss of $6.0 million in the first quarter of 2019. Net loss per share for the first quarter was $0.13 compared to $0.25 in the first quarter last year.

Adjusted EBITDA for the first quarter was $0.5 million... More