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Aspen Aerogels reports Q3 EPS (19c), consensus (30c)

Reports Q3 revenue $60.8M, consensus $50.8M. “Our PyroThin product offering continues to gain commercial traction on the basis of our clearly differentiated and proprietary technology,” commented CEO Don Young. “Our EV Thermal Barrier revenues increased by over 2.5X versus the prior quarter, and we anticipate this demand growth to continue throughout the remainder of the year and into 2024. We believe that our recent awards keep us on track to reach our goal of six confirmed OEM awards by the end of 2023, as we continue to diversify our customer base.”

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