Aspen Aerogels (ASPN) Misses Q3 EPS by 11c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Aspen Aerogels (ASPN) Misses Q3 EPS by 11c, Beats on Revenue; Offers FY24 Revenue Guidance

Aspen Aerogels, Inc. Reports Third Quarter 2024 Financial Results and Recent Business Highlights

November 6, 2024 4:30 PM EST

$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenue
Continued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA margins
Increased 2024 Financial Outlook to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDA
Various financing activities completed to fully-fund growth strategy

NORTHBOROUGH, Mass., Nov. 6, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:... More