---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057500"
form_type: "8-K"
ticker: "ASPN"
cik: "0001145986"
company_name: "ASPEN AEROGELS INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:01:58.035223+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Aspen Aerogels Q3 revenue record $60.8M; PyroThin revenue $32.8M up 160% QoQ

## Summary
- Record total revenue of $60.8M, up from $36.7M in Q3 2022.
- PyroThin revenue of $32.8M, a 160% sequential increase over Q2 2023.
- Gross profit margin of 23%, a 6-percentage point improvement vs. prior quarter.
- Net loss improved to $13.1M ($0.19 per share) from $29.6M ($0.75) a year ago.
- Adjusted EBITDA loss narrowed to $(7.3)M from $(23.2)M in Q3 2022.

## SEC filing metadata
- accession: 0000950170-23-057500
- form_type: 8-K
- ticker: ASPN
- cik: 0001145986
- company_name: ASPEN AEROGELS INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145986/000095017023057500/0000950170-23-057500-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145986/000095017023057500/aspn-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057500
- JSON: https://secwatch.observer/filing/0000950170-23-057500.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057500.txt

## Key facts
- Earnings Releases
  ASPEN AEROGELS INC reported the third quarter of 2023 results: revenue $60.8 million, net income $13.1 million, EPS $0.19.
  - Period: the third quarter of 2023
  - Revenue: $60.8 million
  - Net income: $13.1 million
  - EPS: $0.19
  - Result: reported results
  source text: Total revenue for the third quarter of 2023 was $60.8 million, compared to $36.7 million in the third quarter of last year. Net loss was $13.1 million, compared to a net loss of $29.6 million in the third quarter of last year. Net loss per share was $0.19, compared to a net loss per share of $0.75 in the third quarter of last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145986/000095017023057500/0000950170-23-057500-index.htm

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