Welcome to our dedicated page for Aspen Aerogels news (Ticker: ASPN), a resource for investors and traders seeking the latest updates and insights on Aspen Aerogels stock.
About Aspen Aerogels Inc. (ASPN)
Aspen Aerogels Inc. (NYSE: ASPN) is a pioneering technology company specializing in the development and manufacturing of high-performance aerogel insulation solutions. Leveraging its proprietary Aerogel Technology Platform®, Aspen delivers products that enable customers to achieve critical objectives related to energy efficiency, sustainability, and electrification. Headquartered in Northborough, Massachusetts, Aspen serves a diverse range of industries, including energy infrastructure, building and construction, transportation, outdoor apparel, and aerospace.
Core Business and Product Portfolio
Aspen’s business is built around its innovative aerogel technology, which offers up to five times better thermal performance compared to conventional insulation materials. The company operates through two primary segments:
- Energy Industrial: Aspen provides advanced insulation solutions for oil and gas production, LNG shipping and storage, and chemical processing. Products like Cryogel® and Pyrogel® are widely used by global energy infrastructure companies to conserve energy, reduce CO2 emissions, and enhance worker safety.
- Thermal Barrier: Aspen’s PyroThin® thermal barriers address critical safety challenges in the electric vehicle (EV) market by mitigating thermal runaway in lithium-ion batteries. This technology supports the global shift towards e-mobility by enhancing battery safety and performance.
Market Significance and Competitive Position
Aspen operates at the forefront of global megatrends such as resource efficiency, clean energy, and electrification. The company’s products are instrumental in reducing greenhouse gas emissions, improving energy efficiency, and enabling the adoption of sustainable technologies. Aspen’s partnerships with leading automotive OEMs and energy companies underscore its strategic importance in these markets. By addressing critical challenges like energy conservation and EV battery safety, Aspen has carved out a niche as a trusted provider of cutting-edge insulation solutions.
Technological Innovation and R&D
Aspen’s competitive advantage lies in its commitment to innovation. The company invests heavily in research and development to expand the applications of its aerogel technology. Notably, Aspen is advancing its carbon aerogel initiative to enhance the performance of lithium-ion battery cells, enabling longer driving ranges and reduced costs for EVs. Aspen also collaborates with government agencies and industry leaders to drive technological advancements and maintain its leadership position in the market.
Challenges and Strategic Initiatives
While Aspen faces challenges such as scaling manufacturing capacity and protecting intellectual property, the company has implemented strategic measures to address these issues. For instance, Aspen has optimized its manufacturing operations by leveraging external facilities and adopting a modular capacity expansion model. Additionally, the company actively enforces its patents to safeguard its innovations and maintain a competitive edge.
Future Outlook
Looking ahead, Aspen is well-positioned to capitalize on the growing demand for sustainable and electrification solutions. With a strong balance sheet and a focus on capital efficiency, the company plans to expand its market presence, enhance its product offerings, and explore opportunities for organic and inorganic growth. Aspen’s commitment to sustainability and innovation ensures its continued relevance in a rapidly evolving market landscape.
Aspen Aerogels (NYSE: ASPN) will join the 41st Annual Canaccord Genuity Growth Conference virtually on August 11, 2021, at 8:30 a.m. ET. CEO Donald R. Young and CFO John F. Fairbanks will represent the company in a fireside chat. Following the presentation, a replay will be available on the Aspen Aerogels website. Aspen is recognized for its aerogel technology, which supports sustainability initiatives in the electric vehicle market and energy efficiency in buildings. For more details, visit www.aerogel.com.
Aspen Aerogels reported Q2 2021 revenue of $31.7 million, up 29% year-over-year from $24.6 million. Despite revenue growth, the net loss widened to $6.7 million compared to last year's $5.7 million. For H1 2021, total revenue reached $59.8 million, an increase from $53.1 million in H1 2020, while net loss increased to $12.9 million from $8.9 million. The company ended Q2 with cash of $102.3 million and is focused on expanding its PyroThin™ thermal barrier business, projecting cumulative revenue potential growth of 30% to $1.3 billion through 2030.
Aspen Aerogels, Inc. (ASPN) has scheduled its second-quarter 2021 earnings release for July 29, 2021, after market close. CEO Don Young and CFO John Fairbanks will discuss the results during a conference call at 5:00 p.m. ET. Interested parties can join the call by dialing the provided numbers or through a live webcast on the company's website. Aspen Aerogels focuses on sustainability and innovative aerogel technologies, catering to e-mobility, clean energy, and thermal runaway challenges in electric vehicles.
Aspen Aerogels (NYSE: ASPN) announced a definitive securities purchase agreement to sell $75 million in common stock to Koch Strategic Platforms (KSP). Aspen will issue 3,462,124 shares at $21.663 per share, with the transaction expected to close on June 30, 2021. This investment aims to support Aspen's growth in high-value applications like electric vehicle thermal barriers and energy infrastructure products. Aspen's CEO expressed optimism about doubling revenue every two years through the upcoming decade.
Aspen Aerogels, Inc. (NYSE: ASPN) announced that CEO Donald R. Young will participate in the Water Tower Research Fireside Chat on June 10, 2021, at 3:00 p.m. ET. The chat, moderated by Shawn Severson, will focus on Aspen's growth opportunities in the Energy Infrastructure market. Participants can register for the live audio webcast or access a replay on Aspen's website. Aspen is recognized for its sustainable aerogel technology, which supports energy efficiency and clean energy goals across various industries, including electric vehicles.
Aspen Aerogels (NYSE: ASPN) will participate in a fireside chat at the 49th Annual Cowen Technology, Media & Telecom Conference on June 3, 2021, at 9:10 a.m. Eastern Time. The chat will feature President and CEO Donald R. Young and VP, CFO, and Treasurer John F. Fairbanks. Live audio registration is available here and on the Investors section of Aspen’s website. A replay will be available post-event.
Aspen Aerogels (NYSE: ASPN) will present at the 16th Annual Needham Technology & Media Conference on May 20, 2021, at 2:15 p.m. Eastern Time. The presentation will be led by CEO Donald R. Young and CFO John F. Fairbanks. Interested parties can register for the live audio webcast here. A replay will be available on the company's Investors section of their website after the event.
Aspen Aerogels, Inc. (NYSE: ASPN) announced that President and CEO Donald R. Young will participate in the Water Tower Research Fireside Chat Series on May 18, 2021, at 2:00 p.m. Eastern Time. Young will discuss Aspen's PyroThinTM product growth opportunities in electric vehicles and will answer participant questions. Registration for the live webcast is available on Aspen's website, with a replay to be posted afterward. Aspen is recognized for its sustainability leadership and innovative aerogel technology aimed at enhancing efficiency in e-mobility and clean energy.
Aspen Aerogels, Inc. (NYSE: ASPN) has initiated a patent infringement lawsuit against AMA S.p.A. and AMA Composites S.r.l. in Genoa, Italy, concerning the import and sale of aerogel products from China. The company claims that AMA violates several of its patents, previously upheld in Germany. Aspen seeks monetary damages and an injunction against AMA's operations. President and CEO Donald R. Young emphasized the company's commitment to enforcing its intellectual property rights globally, citing consistent validation of its patents in various jurisdictions.
Aspen Aerogels reported Q1 2021 revenue of $28.1 million, slightly down from $28.4 million year-over-year. The company experienced a net loss of $6.3 million, increasing from $3.2 million in Q1 2020, with a net loss per share of $0.22 compared to $0.13. Adjusted EBITDA was ($2.6) million, a decline from $0.5 million in the prior year. The company plans to invest an additional $10 million in e-mobility and $18 million for facility expansion, expecting total revenue for 2021 to be between $103 million and $111 million.
FAQ
What is the current stock price of Aspen Aerogels (ASPN)?
What is the market cap of Aspen Aerogels (ASPN)?
What does Aspen Aerogels Inc. specialize in?
What industries does Aspen serve?
What is Aspen's PyroThin® technology?
How does Aspen generate revenue?
What are Aspen's competitive advantages?
What challenges does Aspen face?
What is Aspen’s role in the electrification market?
Where is Aspen Aerogels headquartered?
