Aspen Aerogels Q4 revenue $84.2M (+41% YoY), gross margin 35%, adjusted EBITDA $9.1M

ASPEN AEROGELS INC

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

Q4 revenue $84.2M (+41% YoY), net loss $0.5M ($0.01 EPS) vs loss $9.6M a year ago.
Gross margin 35%, up 12 points QoQ; adjusted EBITDA $9.1M vs loss $4.5M prior Q.
Thermal Barriers segment revenue $52.9M (+110% YoY); Energy Industrial $31.3M (-9%).
FY2023 revenue $238.7M (+32% YoY), net loss $45.8M ($0.66 EPS) improved from $82.7M.
FY2023 results beat initial outlook midpoint for revenue, adjusted EBITDA, and capex.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASPEN AEROGELS INC reported the fourth quarter and full year 2023, which ended December 31, 2023 results: revenue $238.7 million, net income Net loss for the year was $45.8 million, EPS Net loss per share for the year was $0.66.

Period: the fourth quarter and full year 2023, which ended December 31, 2023
Revenue: $238.7 million
Net income: Net loss for the year was $45.8 million
EPS: Net loss per share for the year was $0.66
Result: reported results

Exact text from the filing

(EX-99.1) --- EX-99.1 Exhibit 99.1 Aspen Aerogels, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Recent Business Highlights For Immediate Release $84.2 million quarterly revenue enabled gross margins of 35% and adjusted EBITDA of $9.1 million NORTHBOROUGH, Mass., February 12, 2024 — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Period: the fourth quarter and full year 2023, which ended December 31, 2023
Revenue: $238.7 million
Net income: Net loss for the year was $45.8 million
EPS: Net loss per share for the year was $0.66
Result: reported results

Exact text from the filing

Total revenue for the full year 2023 was $238.7 million, compared to $180.4 million in 2022. Net loss for the year was $45.8 million, compared to a net loss of $82.7 million in 2022. Net loss per share for the year was $0.66, compared to $2.10 in 2022.

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Source: SEC EDGAR

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