Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | BUILDING B, 30 FORBES ROAD NORTHBOROUGH MA 01532 |
Tel: | N/A |
Website: | https://www.aerogel.com |
IR: | See website |
Key People | ||
Donald R. Young President, Chief Executive Officer, Director | Ricardo C. Rodriguez Chief Financial Officer, Treasurer | Stephanie Pittman Chief Human Resource Officer |
Corby C. Whitaker Senior Vice President of Sales and Marketing | Gregg R. Landes Senior Vice President - Operations and Strategic Development | Keith Louis Schilling Senior Vice President - Technology |
Santhosh Daniel Chief Accounting Officer | Virginia H. Johnson Chief Legal Officer, General Counsel, Corporate Secretary |
Business Overview |
Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. The Company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Its segments include Energy Industrial and Thermal Barrier. Under Energy Industrial, it designs, develops and manufactures aerogel insulation used primarily in the energy industrial and sustainable insulation markets. The Company offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under Thermal Barrier segment, it offers PyroThin product, which is a thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance, and fire protection properties. |
Financial Overview |
For the fiscal year ended 31 December 2023, Aspen Aerogels Inc revenues increased 32% to $238.7M. Net loss decreased 45% to $45.8M. Revenues reflect Thermal barrier segment increase of 98% to $110.1M, Energy industrial segment increase of 3% to $128.6M, United States segment increase of 33% to $151M, Europe segment increase of 92% to $42.7M, Latin America segment increase of 62% to $7.2M. |
Employees: | 548 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,124M as of Dec 31, 2023 |
Annual revenue (TTM): | $238.72M as of Dec 31, 2023 |
EBITDA (TTM): | -$33.89M as of Dec 31, 2023 |
Net annual income (TTM): | -$45.81M as of Dec 31, 2023 |
Free cash flow (TTM): | -$218.07M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 76,762,124 as of Apr 3, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |