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Aspen Aerogels (ASPN)
NYSE:ASPN
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -30.64%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Aspen Aerogels reported strong revenue growth and profitability in 2024, driven by the success of its PyroThin Thermal Barriers and Energy Industrial segments. However, the decision to halt construction of Plant II and a cautious outlook for 2025, coupled with potential tariff challenges, present notable concerns.Company Guidance
During the Aspen Aerogels Q4 2024 earnings call, the company reported significant achievements and provided guidance for 2025. Aspen Aerogels achieved a record revenue of $453 million for the year, which represented a 90% increase from the previous year, and adjusted EBITDA of $90 million, up from a negative $23 million in 2023. The PyroThin Thermal Barriers business grew substantially, with revenue reaching $307 million, driven by new OEM awards, including a significant design award from Volvo Truck. Meanwhile, the Energy Industrial segment had a strong year, with Q4 revenue of $53 million and gross margins exceeding 40%. Looking ahead, Aspen Aerogels has decided to cease construction of Plant II in Georgia, opting instead to maximize capacity at its East Providence facility and leverage a flexible external manufacturing strategy. For Q1 2025, the company anticipates revenue between $75 million and $95 million, with adjusted EBITDA ranging from breakeven to $15 million. Aspen Aerogels plans to reduce fixed costs by at least $8 million per quarter and aims for long-term growth while maintaining strong gross margins and profitability.Record Revenue Growth
Aspen Aerogels reported a revenue of $453 million for 2024, representing a 90% increase compared to the previous year.
Positive Adjusted EBITDA
The company achieved an adjusted EBITDA of $90 million in 2024, a significant turnaround from a negative $23 million in 2023.
PyroThin Thermal Barriers Success
Revenue from PyroThin Thermal Barriers grew to $307 million in 2024, up from $110 million in 2023, with new design awards from Volvo Truck and Mercedes-Benz.
Energy Industrial Business Milestones
The Energy Industrial segment achieved a record Q4 revenue of $53 million and a gross margin exceeding 40%, largely supplied by the External Manufacturing Facility (EMF).
Strong Financial Position
The company ended 2024 with over $220 million in cash on the balance sheet, providing financial flexibility for future strategic initiatives.
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ASPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $11.75 | $9.00 | -23.40% |
| Nov 06, 2024 | $16.86 | $16.77 | -0.53% |
| Aug 07, 2024 | $18.50 | $21.46 | +16.00% |
| May 01, 2024 | $15.22 | $23.85 | +56.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aspen Aerogels (ASPN) report earnings?
Aspen Aerogels (ASPN) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Aspen Aerogels (ASPN) earnings time?
Aspen Aerogels (ASPN) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASPN EPS forecast?
ASPN EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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