secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001171843-26-003109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels Q1 revenue falls 52% YoY to $37.9M; adjusted loss per share $0.28 vs $0.06 prior year
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- Revenue $37.9M, down from $78.7M; thermal barrier segment revenue dropped 67% to $16.3M on reduced customer demand.
- Net loss $23.7M vs $301.2M (prior year included $286.6M impairment); adjusted net loss $23.3M vs $4.8M.
- Adjusted EBITDA negative $12.7M vs positive $4.9M in prior year; cash balance $175.6M, up from $158.6M year-end.
- Received $37.6M cash from GM commercial settlement; $3.5M recognized as revenue in Q1, remaining $4.9M/quarter through 2027.
- East Providence manufacturing facility to have staged restart in May 2026; secured additional subsea pipeline award for Q3 delivery.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000117184326003109/0001171843-26-003109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000117184326003109/f8k_050726.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-003109

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