Aspen Aerogels Q1 2023 Earnings Report

Aspen Aerogels EPS Results

• Actual EPS: -$0.24
• Consensus EPS: -$0.41
• Beat/Miss: Beat by +$0.17
• One Year Ago EPS: N/A

Aspen Aerogels Revenue Results

• Actual Revenue: $45.59 million
• Expected Revenue: $42.71 million
• Beat/Miss: Beat by +$2.88 million
• YoY Revenue Growth: N/A

Aspen Aerogels Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: N/A

Aspen Aerogels (NYSE:ASPN) designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; and Pyrogel HPS for applications within the power generation market. It also offers Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.