Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Aspen Aerogels ( (ASPN) ) has shared an announcement.
Aspen Aerogels, Inc. reported impressive third-quarter 2024 results with a 93% year-over-year revenue increase, driven by strong performance in its Thermal Barrier segment. The company achieved gross margins of 42% and adjusted EBITDA margins of 22%, highlighting its effective cost management. Aspen’s updated financial outlook predicts $450 million in annual revenue and $90 million in adjusted EBITDA, supported by recent financing activities to fund growth strategies. Despite a $13 million net loss due to a one-time charge, Aspen’s financial health remains robust with a strategic focus on sustainable expansion.
See more insights into ASPN stock on TipRanks’ Stock Analysis page.
