secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017251
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels Q1 revenue $45.6M (+19% YoY); net loss narrows to $16.8M; reaffirms FY23 outlook
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- Revenue $45.6M vs $38.4M YoY; net loss $16.8M ($0.24 loss per share) vs $19.5M ($0.59) prior year.
- Adjusted EBITDA loss $(13.9)M vs $(14.7)M; company reiterates 2023 revenue and adjusted EBITDA guidance.
- Awarded PyroThin contract for European EV commercial truck program; production start early 2024.
- Executing contract manufacturing strategy to increase capacity for Energy Industrial customers in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000095017023017251/0000950170-23-017251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000095017023017251/aspn-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017251

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