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    Aspen Aerogels: Q4 Earnings Snapshot

    February 15, 2023 GMT

    NORTHBOROUGH, Mass. (AP) — NORTHBOROUGH, Mass. (AP) — Aspen Aerogels Inc. (ASPN) on Wednesday reported a loss of $9.6 million in its fourth quarter.

    On a per-share basis, the Northborough, Massachusetts-based company said it had a loss of 20 cents.

    The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.

    The maker of insulation products posted revenue of $59.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $57.8 million.

    For the year, the company reported that its loss widened to $82.7 million, or $2.10 per share. Revenue was reported as $180.4 million.

    Aspen Aerogels expects a full-year loss of $1.46 to $1.31 per share, with revenue in the range of $200 million to $250 million.

    Aspen Aerogels shares have declined 2.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.50, a decline of 60% in the last 12 months.



    This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ASPN at