Aspen Aerogels reports Q4 EPS (1c), consensus (12c)

Reports Q4 revenue $84.2M, consensus $80.86M. “Our team has effectively delivered on the main execution milestones that we targeted for 2023 while building a company that can rapidly scale to profitability. We believe that further diversifying our EV Thermal Barrier customer base will drive our growth beyond 2024 and validate our recent investments in this segment. Energy Industrial demand is strong, and the successful launch of our supplemental supply is enabling the team to deliver the current and growing demand,” commented Don Young, Aspen’s President and CEO. “We believe that our Q4 results show that we are on the right path towards now building a $650M revenue capacity business that can deliver 35% gross profit and 25% adjusted EBITDA margins.”