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 first quarter of 2024 results: revenue $94.5 million, net income Net loss was $1.8 million, EPS Net loss per share was $0.02. Guidance raised.
- Period
- first quarter of 2024
- Revenue
- $94.5 million
- Net income
- Net loss was $1.8 million
- EPS
- Net loss per share was $0.02
- Guidance
- raised
- Result
- reported results
Exact text from the filing
Aspen Aerogels, Inc. Reports First Quarter 2024 Financial Results and Recent Business Highlights For Immediate Release $94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDA Raising 2024 baseline Adjusted EBITDA outlook by 83% Expecting positive net income for 2024 NORTHBOROUGH, Mass., May 1, 2024 — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments. Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023. Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023. Net loss per share was $0.02, compared to a net loss per share of $0.24 in the first quarter of 2023. Adjusted EBITDA for the first quarter of 2024 was $12.9 million, compared to $(13.9) million in
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