Aspen Aerogels

Aspen Aerogels, Inc. engages in designing, developing, and manufacturing aerogel insulation used primarily in the energy infrastructure and building materials markets. Its products include Cryogel, Pyrogel, and Spaceloft. The company was founded by Hamed S. Borhanian, Patrick J. Piper, and Kang P. Lee in May 2001 and is headquartered in Northborough, MA.

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Aspen Aerogels reports record revenue and sets ambitious growth targets

Aspen Aerogels achieved record revenue in Q4 2022 and aims for significant growth in 2023.
The company's focus on thermal barrier products and strong financial partnerships position them well.
Challenges include uncertainties around General Motors' decisions and operational transitions.
Opportunities lie in expanding revenue capacity, advanced pricing discussions, and operational efficiency.

Aspen Aerogels reports strong Q1 growth, eyes EV market expansion

Aspen Aerogels' Q1 performance reflects solid revenue growth, strategic investments in EV thermal barriers, and ongoing cost management efforts to drive sustainable growth and profitability.
The company's strengths lie in diversified revenue streams, strong market positioning in the EV sector, and a focus on operational efficiency and quality standards to enhance competitiveness.
While facing challenges in achieving positive EBITDA and navigating regulatory uncertainties, Aspen Aerogels has ample opportunities for growth through EV market expansion, financing optimization, and strategic partnerships.
Overall, Aspen Aerogels' performance in Q1 sets a positive trajectory for future growth, with a clear focus on innovation, operational excellence, and maximizing shareholder value.

Aspen Aerogels reports strong Q2 earnings, eyes EV design wins

Aspen Aerogels' Q2 2023 earnings call highlighted strong financial performance, emphasis on profitability, and confidence in securing design wins with EV OEMs. The company faces challenges in revenue constraints and balancing production timelines but sees opportunities in securing OEM contracts and pursuing LNG projects.

Aspen Aerogels achieves record Q3 revenue, eyes future growth opportunities

Aspen Aerogels reported strong Q3 performance with record revenue and improved outlook for 2023, focusing on profitability and shareholder value.
The company is strategically positioning itself for growth, with a clear roadmap towards $550 million annual revenue and ongoing advancements in technology.
Challenges include delays in integrating products and managing growth, but opportunities lie in new customer acquisitions and revenue expansion.
Overall, Aspen Aerogels is optimistic about future prospects, with a strong foundation in place for continued success and innovation.

Aspen Aerogels (ASPN) reports record revenue and strategic growth focus

Aspen Aerogels (ASPN) reported strong Q4 2023 performance with record revenue and a focus on EV market positioning and profitability goals.
The company faces challenges in material shipments, maintaining margins amidst costs, and ensuring inventory management for sustained growth.
Opportunities include progressing silicon anode activities, additional OEM launches, capacity expansions, and DOE loan potential for growth.
Overall, Aspen Aerogels showcases financial stability, strategic foresight, and market responsiveness in pursuit of growth and profitability.

Aspen Aerogels reports robust Q1 performance and raises 2024 outlook

Aspen Aerogels delivered strong financial performance, raising revenue and adjusted EBITDA outlook for 2024.
The company's focus on operational efficiency, customer relationships, and innovative solutions positions it well for future growth.
Challenges in capacity constraints and gross margin trajectory require careful management to sustain growth momentum.
Opportunities in battery pack designs, OEM collaborations, and Plant II restart offer avenues for expansion and revenue enhancement.

Aspen Aerogels excels in Q3, raises outlook and secures funding

Aspen Aerogels delivered impressive Q3 results, raising revenue outlook and securing significant funding for expansion. The company's focus on profitability and financial strength positions them well for future growth despite existing uncertainties.

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NORTHBOROUGH, Mass. , July 25, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in August: (i) the 12th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech 1x1 Conference, and (ii) the 26th Annual Oppenheimer Technology, Internet & Communications Conference.

Aspen Aerogels to Participate in August Investor Conferences

NORTHBOROUGH, Mass. , July 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C.

Aspen Aerogels, Inc. Schedules Second Quarter Earnings Release and Conference Call

Aspen Aerogels was an intriguing business when it went public nearly a decade ago. Shares have been suffering ever since, except for a momentum run, and subsequent bust in the years which followed. I am cautious amidst the continued losses and investments, making me quite cautious here.

Aspen Aerogels: Not Insulating Investors From The Cold

NORTHBOROUGH, Mass. , June 15, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced it has terminated its previously announced "at-the-market" ("ATM") equity offering program.

Aspen Aerogels Announces Termination of "At-The-Market" Equity Offering Program

NORTHBOROUGH, Mass. , June 7, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, today announced that the Company is celebrating the opening of its cutting-edge engineering and rapid prototyping facility in Marlborough, MA.

Aspen Aerogels Celebrates Opening of State-of-the-Art Advanced Thermal Barrier Center in Marlborough, MA

NORTHBOROUGH, Mass. , May 25, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to present at the TD Cowen Sustainability Week on Tuesday, June 6, 2023.

Aspen Aerogels to Present at TD Cowen Sustainability Week

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Aspen Aerogels, Inc. (NYSE:ASPN ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Neal Baranosky - Senior Director, Corporate of Strategy & Finance Donald Young - President & CEO Ricardo Rodriguez - CFO Conference Call Participants Eric Stine - Craig-Hallum Ben Johnson - Piper Sandler Colin Rusch - Oppenheimer Jeffrey Osborne - Cowen George Gianarikas - Canaccord Genuity Christopher Souther - B. Riley Operator Good morning.

Aspen Aerogels, Inc. (ASPN) Q1 2023 Earnings Call Transcript

Aspen Aerogels (ASPN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $0.59 per share a year ago.

Aspen Aerogels (ASPN) Reports Q1 Loss, Tops Revenue Estimates

Revenue growth of 19% year-over-year aligned with expectations, reiterating 2023 revenue and adjusted EBITDA outlook  Awarded PyroThin ®  contract for European EV commercial truck program with start of vehicle production in early 2024 Executing contract manufacturing strategy to increase capacity and supply Energy Industrial customers in 2024 NORTHBOROUGH, Mass. , May 3, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2023, and discussed recent business developments.

Aspen Aerogels, Inc. Reports First Quarter 2023 Financial Results and Recent Business Developments

Patent infringement and unfair trade practices actions filed against Beerenberg in Korea for infringing Aspen's patents on aerogel materials and processes. NORTHBOROUGH, Mass.

ASPEN AEROGELS SUES KOREAN AEROGEL SUPPLIER AND NORWEGIAN PARENT COMPANY FOR PATENT INFRINGEMENT

NORTHBOROUGH, Mass. , April 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C.

Aspen Aerogels, Inc. Schedules First Quarter Earnings Release and Conference Call

Aspen Aerogels, Inc. (NYSE:ASPN ) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Laura Guerrant - VP, IR and Corporate Communications Don Young - President and CEO Ricardo Rodriguez - CFO Conference Call Participants Eric Stine - Craig-Hallum Colin Rusch - Oppenheimer Chris Souther - B. Riley Alex Potter - Piper Sandler George Gianarikas - Canaccord Genuity Jeff Osborne - Cowen Amit Dayal - H.C.

Aspen Aerogels, Inc. (ASPN) Q4 2022 Earnings Call Transcript

Quarterly revenue growth of 90% year-over-year drove 2022 annual revenues to $180 million, a 48% increase NORTHBOROUGH, Mass. , Feb. 15, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2022, which ended December 31, 2022, and discussed recent business developments.

Aspen Aerogels, Inc. Reports Fourth Quarter and Fiscal 2022 Financial Results and Recent Business Developments

NORTHBOROUGH, Mass. , Feb. 2, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2022, during a conference call scheduled for Thursday, February 16, 2023, at 8:30 a.m.

Aspen Aerogels, Inc. Schedules Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call

Koch Industries-owned Wood River Capital, LLC filed a 13D/A form with the SEC disclosing ownership of 19.2 million Aspen Aerogels (ASPN) shares, or 27.6% of the company, up from its prior 21%.

Koch-Owned Wood River Ups Aspen Aerogels Stake to 27% After Stock Pummeled

NORTHBOROUGH, Mass. , Nov. 30, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the pricing of an underwritten public offering of 25,263,158 shares of its common stock at a public offering price of $9.50 per share.

Aspen Aerogels, Inc. Announces Pricing of Upsized Public Offering of $240 Million of Common Stock

NORTHBOROUGH, Mass. , Nov. 29, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has commenced a proposed underwritten public offering of $200 million of shares of its common stock.

Aspen Aerogels, Inc. Announces Proposed Public Offering of $200 Million of Common Stock

General Motors

Financing in Connection with Aspen's PyroThin® Thermal Barrier Capacity Expansion NORTHBOROUGH, Mass. , Nov. 29, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that its wholly-owned subsidiary, Aspen Aerogels Georgia LLC, together with the Company and Aspen Aerogels Rhode Island, LLC have entered into a definitive loan agreement with General Motors Holdings LLC ("GM"), an affiliate of General Motors (NYSE: GM), for a secured lending commitment of $100 million in connection with Aspen's construction and equipping of its second aerogel manufacturing facility in Statesboro, Georgia.

Aspen Aerogels, Inc. Announces $100 Million Secured Loan Agreement with General Motors

NORTHBOROUGH, Mass. , Nov. 2, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the appointment of Katie Kool to its Board of Directors ("Board").

Aspen Aerogels, Inc. Announces Changes to its Board of Directors

Aspen Aerogels, Inc. (NYSE:ASPN ) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Laura Guerrant - Vice President, Investor Relations and Corporate Communications Don Young - President and Chief Executive Officer Ricardo Rodriguez - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Colin Rusch - Oppenheimer Alex Potter - Piper Sandler Chris Souther - B. Riley Jeff Osborne - Cowen George Gianarikas - Canaccord Genuity Tom Curran - Seaport Research Partners Chip Moore - EF Hutton Operator Good morning.

Aspen Aerogels, Inc. (ASPN) Q3 2022 Earnings Call Transcript

Aspen Aerogels (ASPN) delivered earnings and revenue surprises of -38.89% and 26.74%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Aspen Aerogels (ASPN) Reports Q3 Loss, Lags Revenue Estimates

NORTHBOROUGH, Mass. , Oct. 26, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the third quarter of 2022, which ended September 30, 2022, and discussed recent business developments.

Aspen Aerogels, Inc. Reports Third Quarter 2022 Financial Results and Recent Business Developments

NORTHBOROUGH, Mass. , Oct. 12, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the third quarter ended September 30, 2022, during a conference call scheduled for Thursday, October 27, 2022, at 8:30 a.m.

Aspen Aerogels, Inc. Schedules Third Quarter 2022 Financial Results Release and Conference Call

NORTHBOROUGH, Mass. , Sept. 6, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the 15th Annual Cowen Global Transportation & Sustainable Mobility Virtual Conference on Wednesday September 7, 2022.

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