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Aspen Aerogels ( (ASPN) ) just unveiled an update.
Aspen Aerogels reported a significant financial turnaround in FY 2024 with revenues increasing by 90% to $452.7 million, and a net income of $13.4 million compared to a loss in the previous year. The company also secured a contract to supply PyroThin Thermal Barriers for Volvo Truck and optimized its manufacturing strategy by utilizing external facilities, halting the Statesboro plant project, and maximizing its existing plant’s capacity to meet growing demand.
More about Aspen Aerogels
Aspen Aerogels, Inc. is a technology leader in sustainability and electrification solutions, focusing on providing advanced thermal barrier and energy industrial products.
YTD Price Performance: -0.25%
Average Trading Volume: 1,750,593
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $984.6M
See more data about ASPN stock on TipRanks’ Stock Analysis page.
