NYSE$ASPN

Aspen Aerogels Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Aspen Aerogels reported a net loss for Q3 2022, but saw revenue increase year-over-year, driven by record PyroThin® thermal barrier revenue.

Aspen Aerogels, Inc. reported a net loss of $29.6 million for the third quarter of 2022, compared to a net loss of $7.8 million in the third quarter of 2021. Total revenue for the third quarter of 2022 was $36.7 million, compared to $30.4 million in the third quarter last year. The company saw record PyroThin® thermal barrier revenue in Q3, although it was less than expected.

  • Total revenue grew 21% year-over-year
  • Generated $12.0 million of PyroThin® thermal barrier revenue
  • Energy Industrial revenues of $24.8 million
  • Ended third quarter with cash of $102.4 million

Headline financials

Total Revenue

$36.7M

Previous: $30.4M+20.8%
EPS (adj)

-$0.75

Previous: -$0.35-114.3%
Capital Expenditures

-$119M

Previous: -$6.13M-1846.0%
Free Cash Flow

-$149M

Previous: -$14M-967.3%
Net Income

-$29.6M

Previous: -$7.82M-278.4%
Operating Income

-$28.3M

Previous: -$11.5M-146.2%
Gross Profit

-$6.36M

Previous: $3.07M-307.3%
Cash & Equivalents

$102M

Previous: $95.5M+7.2%
Total Assets

$385M

Previous: $188M+105.4%

Revenue & EPS history

Aspen Aerogels · Revenue · Quarterly

$36.7M

Q3 2022+20.8%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Aspen Aerogels · $24.8M total across 1 segment · Q3 2022

  • Energy Industrial
    $24.8M

Forward guidance

Aspen updates its 2022 full year outlook as follows:

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 Q3 2022

Historical avgQ3 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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