Aspen Aerogels pre-announces FY2023 revenue $238M (+32% YoY); 2024 outlook $350M (+47%)

ASPEN AEROGELS INC

2023-FY EPS reported -$0.66 revenue$238,718,000

FY2023 revenue $238M (+32% YoY); Q4 revenue $84M (+38% QoQ).
PyroThin thermal barrier revenue $110M in 2023 (+98% YoY), $53M in Q4 (+61% QoQ).
2024 baseline revenue outlook $350M, potential >47% YoY growth.
Q4 revenue run rate enabled positive adjusted EBITDA; net loss continues.
Supplemental Energy Industrial supply began shipping in Q4; $75M Dec 2023 financing.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ASPEN AEROGELS INC reported full year 2023 results: revenue $238 million.

Period: full year 2023
Revenue: $238 million
Result: preliminary results

Exact text from the filing

2.02 of this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Aspen Aerogels, Inc. Provides Business Update Pre-Announces Full Year 2023 Revenues of $238 million; $84 million in Q4 Supplemental supply for Energy Industrial products initiated in Q4 Potential to Deliver Over 47% YoY revenue growth in 2024 NORTHBOROUGH, MA, January 11, 2023

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Source: SEC EDGAR

accession 0000950170-24-003759

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