NYSE$ASPN

Aspen Aerogels Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Aspen Aerogels reported second quarter 2022 financial results with a 44% revenue increase driven by high demand across all markets.

Aspen Aerogels, Inc. announced financial results for the second quarter of 2022, reporting a total revenue of $45.6 million, a 44% increase compared to the previous year. However, the company experienced a net loss of $24.1 million, and an adjusted EBITDA of $(18.3) million, reflecting increased investments in personnel, infrastructure, and related activities.

  • Total revenue grew 44% year-over-year to $45.6 million.
  • PyroThin® thermal barrier revenue reached $10.8 million.
  • Energy Industrial revenues increased to $34.8 million.
  • Ended the quarter with cash of $162.2 million.

Headline financials

Total Revenue

$45.6M

Previous: $31.7M+44.1%
EPS (adj)

-$0.68

Previous: -$0.23-195.7%
Capital Expenditures

-$52.4M

Previous: -$3.88M-1249.8%
Free Cash Flow

-$76.4M

Previous: -$10.5M-624.4%
Net Income

-$24.1M

Previous: -$6.67M-260.6%
Operating Income

-$22.6M

Previous: -$6.61M-242.4%
Gross Profit

-$1.21M

Previous: $4.58M-126.4%
Cash & Equivalents

$162M

Previous: $102M+58.6%
Total Assets

$356M

Previous: $192M+85.2%

Revenue & EPS history

Aspen Aerogels · Revenue · Quarterly

$45.6M

Q2 2022+44.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Aspen Aerogels · $34.8M total across 1 segment · Q2 2022

  • Energy Industrial
    $34.8M

Forward guidance

Aspen's full year 2022 outlook remains unchanged.

Tailwinds

  • Total revenue is expected to range between $180.0 million and $200.0 million

Headwinds

  • Net loss is expected to range between $79.8 million and $86.8 million
  • Adjusted EBITDA is expected to range between $(55.0) million and $(62.0) million
  • Net loss per share is expected to range between $2.16 and $2.35

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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