secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0000950170-24-003759
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000095017024003759/0000950170-24-003759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000095017024003759/aspn-20240111.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-003759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer