NYSE$ASPN
Aspen Aerogels Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Aspen Aerogels reported third quarter 2024 financial results, achieving revenue of $117.3 million and demonstrating continued cost discipline with 42% gross margins and 22% Adjusted EBITDA margins.
Aspen Aerogels reported a revenue of $117.3 million for Q3 2024, a significant increase compared to $60.8 million in Q3 2023. The company's gross margins stood at 42%, with Adjusted EBITDA margins at 22%. They have increased their 2024 financial outlook to $450 million in revenue, $9 million in net income, and $90 million in Adjusted EBITDA.
- Total revenue for Q3 2024 was $117.3 million, compared to $60.8 million in Q3 2023.
- Thermal Barrier revenue reached $90.6 million, up 176% year-over-year.
- Net loss was $13.0 million, including a $27.5 million one-time charge from convertible note redemption.
- Adjusted EBITDA for Q3 2024 was $25.4 million, compared to $(7.3) million in Q3 2023.
Headline financials
Revenue & EPS history
Aspen Aerogels · Revenue · Quarterly
$117M
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 to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDA.
Tailwinds
- Increased revenue outlook to $450M.
- Expects continued growth into 2025.
- Driving the margin profile achieved in 2024.
- Adjusted EBITDA is expected to be $90M.
- Net income is expected to be $9M.
Headwinds
- Additional charges may occur.
- Gains or losses may be realized.
- Financing costs or interest expense may be incurred.
- Potential for supply chain disruptions.
- Further cost inflation may occur.
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 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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