---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054638"
form_type: "8-K"
ticker: "ASPN"
cik: "0001145986"
company_name: "ASPEN AEROGELS INC"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:18:59.384031+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Aspen Aerogels raises FY 2023 revenue guidance to >$225M; secures Audi PyroThin award, names Scania as OEM partner

## Summary
- Audi converts LOI into PyroThin supply award; vehicle production start in 2025.
- Scania identified as the previously unnamed Volkswagen Group commercial vehicle award.
- FY 2023 revenue guidance raised to >$225M from prior $200-250M range.
- Net loss guidance narrowed to $52.4-62.4M; Adjusted EBITDA to ($30M)-($40M).
- Company on track to achieve six confirmed OEM awards by end of 2023.

## SEC filing metadata
- accession: 0000950170-23-054638
- form_type: 8-K
- ticker: ASPN
- cik: 0001145986
- company_name: ASPEN AEROGELS INC
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145986/000095017023054638/0000950170-23-054638-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145986/000095017023054638/aspn-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054638
- JSON: https://secwatch.observer/filing/0000950170-23-054638.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054638.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.