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Jun 30, 2022
Aspen Aerogels Q2 2022 Earnings Report
Aspen Aerogels reported second quarter 2022 financial results with a 44% revenue increase driven by high demand across all markets.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Aspen's full year 2022 outlook remains unchanged.
Positive Outlook
- Total revenue is expected to range between $180.0 million and $200.0 million
Challenges Ahead
- 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
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Avg. Return Before/After Earnings
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