NYSE$ASPN
Aspen Aerogels Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Aspen Aerogels reported first quarter 2024 financial results with revenue of $94.5 million, a gross profit margin of 37%, and Adjusted EBITDA of $12.9 million.
Aspen Aerogels reported a strong first quarter of 2024, with a 37% increase in revenue to $94.5 million compared to $45.6 million in Q1 2023. The company's Adjusted EBITDA was $12.9 million, a significant improvement from $(13.9) million in the same period last year. They are raising 2024 baseline Adjusted EBITDA outlook by 83% and expecting positive net income for 2024.
- Q1 2024 revenue reached $94.5 million, compared to $45.6 million in Q1 2023.
- Net loss improved to $1.8 million, compared to a net loss of $16.8 million in Q1 2023.
- Adjusted EBITDA was $12.9 million, a significant increase from $(13.9) million in Q1 2023.
- The company is raising its 2024 baseline Adjusted EBITDA outlook by 83% and expects positive net income for the year.
Headline financials
Revenue & EPS history
Aspen Aerogels · Revenue · Quarterly
$94.5M
Revenue by segment
Aspen Aerogels · $125M total across 1 segment · Q4 2022
- Energy Industrial$125M—100.0%
Forward guidance
Aspen updated its 2024 full year outlook, expecting revenue growth greater than 47% to over $380 million and raised its 2024 baseline Adjusted EBITDA outlook by 83%, to $55 million. They anticipate positive net income for the year.
Tailwinds
- Revenue YoY Growth >47%
- Revenue > $380 million
- Depreciation and amortization of $30 million
- Stock-based compensation expense of $14 million
- Other (income) expense and income tax expense of $9 million
Headwinds
- Weighted average shares outstanding of 75.8 million for the full year.
- additional charges
- realize gains or losses
- incur financing costs or interest expense
- experience other events in 2024, including those related to the planned capacity expansion, supply chain disruptions, or further cost inflation, that could cause actual results to vary materially from this outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+3.3%
Avg return
30 days after
57%
29 / 51 earnings
Positive
+52.3%
Q1 2024
Best reaction
-44.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +5.3% | +9.9% | |
| Q4 2025 | -26.7% | -7.9% | -7.3% | |
| Q3 2025 | -44.7% | -51.1% | -52.2% | |
| Q1 2025 | -24.3% | +4.4% | +5.8% | |
| Q4 2024 | -23.4% | -27.3% | -37.2% | |
| Q3 2024 | -9.4% | -6.8% | -27.8% | |
| Q2 2024 | +8.8% | +16.8% | +20.5% | |
| Q1 2024 | +52.3% | +65.4% | +91.1% | |
| Q4 2023 | +19.4% | +46.3% | +49.2% | |
| Q3 2023 | +11.1% | +16.6% | +43.4% | |
| Q2 2023 | -8.7% | -14.4% | -22.2% | |
| Q1 2023 | +22.5% | +30.6% | +19.9% | |
| Q4 2022 | +16.5% | +12.1% | -37.9% | |
| Q3 2022 | +6.7% | +18.9% | +24.4% | |
| Q2 2022 | +19.9% | +28.7% | +29.3% | |
| Q1 2022 | -5.5% | -5.7% | -21.3% | |
| Q4 2021 | +3.8% | -0.5% | +12.0% | |
| Q3 2021 | +16.3% | +12.4% | +23.5% | |
| Q2 2021 | -4.4% | -4.0% | +12.1% | |
| Q1 2021 | -11.8% | -13.7% | -1.8% | |
| Q4 2020 | -1.1% | -1.0% | -16.3% | |
| Q3 2020 | +6.8% | +8.4% | +41.0% | |
| Q2 2020 | +1.0% | -3.8% | +41.8% | |
| Q1 2020 | +5.7% | +17.8% | +8.0% | |
| Q4 2019 | -2.5% | -18.1% | -48.2% | |
| Q3 2019 | +13.2% | +11.5% | +15.0% | |
| Q2 2019 | -5.0% | -2.0% | -8.5% | |
| Q1 2019 | +6.0% | +9.3% | +16.7% | |
| Q4 2018 | +2.5% | +5.1% | -19.2% | |
| Q3 2018 | +10.3% | +10.6% | -6.1% | |
| Q2 2018 | -7.5% | -8.7% | -6.6% | |
| Q1 2018 | +1.8% | +5.4% | +13.0% | |
| Q4 2017 | +2.3% | +1.8% | -4.1% | |
| Q3 2017 | +7.4% | +9.0% | +8.5% | |
| Q2 2017 | +6.1% | +4.2% | -8.6% | |
| Q1 2017 | +4.5% | +9.2% | +6.7% | |
| Q4 2016 | -7.8% | -4.8% | -7.6% | |
| Q3 2016 | -33.1% | -34.8% | -32.3% | |
| Q2 2016 | -4.8% | -3.2% | +2.4% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +9.9% | — | — | |
| Q3 2015 | -20.8% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q1 2015 | -4.5% | — | — | |
| Q4 2012 | -10.3% | — | — | |
| Q1 2013 | -10.3% | — | — | |
| Q3 2013 | -16.2% | — | — | |
| Q4 2014 | +13.6% | — | — | |
| Q2 2013 | +9.2% | — | — | |
| Q4 2013 | +9.2% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q3 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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