secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001171843-24-006061
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 Q3 revenue $117.3M (+93% YoY); raises FY24 outlook to $450M revenue
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- Q3 revenue $117.3M, up from $60.8M YoY; thermal barrier contributed $90.6M.
- Net loss $13.0M inclusive of $27.5M convertible note redemption charge; adj. net loss per share $0.11.
- Adjusted EBITDA $25.4M, compared to $(7.3M) YoY; gross margin 42%.
- FY 2024 guidance raised: revenue to $450M, net income $9M, Adj. EBITDA $90M.
- Company completed financing to fully fund growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000117184324006061/0001171843-24-006061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000117184324006061/f8k_110624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006061

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