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Aspen Aerogels, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Recent Business Highlights

1. ASPN reported $452.7 million in FY 2024 revenue, a 90% increase. 2. Net income reached $13.4 million, with Q4 Adjusted EBITDA at $89.9 million.

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FAQ

Why Very Bullish?

The significant revenue growth and profitability are likely to attract investors, similar to past high-growth quarters that boosted stock prices.

How important is it?

Strong financial results and growth prospects indicate a high likelihood of influencing investor sentiment and potential stock price increase.

Why Long Term?

Sustained financial performance signals long-term growth potential, as seen in tech stocks with similar trajectories.

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$452.7 million in FY 2024 revenue, a 90% year-over-year increase FY 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of Adjusted EBITDA Record Energy Industrial revenue in Q4 of $53.1 million Ended the year with $220.9 million of cash and generated $20.9 million of free cash flow in Q4 External manufacturing facility capable of increasing capacity; demobilizing Statesboro plant project Awarded PyroThin ® Thermal Barrier contract for Volvo Truck commercial vehicle program NORTHBOROUGH, Mass. , Feb. 12, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2024 and discussed recent business developments.

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