Aspen Aerogels, Inc.
Description
Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; and Pyrogel HPS for applications within the power generation market. It also offers Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
About
CEO
Mr. Donald R. Young
Employees
548
Instrument type
Common Stock
Sector
Industrials
Industry
Building Products & Equipment
MIC code
XNYS
Address
Building B, Northborough, MA 01532, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 11, 2025 | 0.04 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 7 |
| Average estimate | — | 0.08 | — | 0.51 |
| Low estimate | — | 0.04 | — | 0.38 |
| High estimate | — | 0.16 | — | 0.62 |
| Last year EPS | — | 0.01 | — | 0.39 |
[stock_revenue_estimate]
Growth estimates
Current qtr
985.700%
Next qtr. (Mar 2025)
619.300%
Current year
158.330%
Next year (Dec 2025)
32.840%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 238.72M | 180.36M | 121.62M | 100.27M | 139.38M |
| Cost of revenue | 181.80M | 175.39M | 111.69M | 85.68M | 113.09M |
| Gross profit | 56.92M | 4.98M | 9.94M | 14.59M | 26.28M |
| Operating expense | |||||
| Research & development | 16.36M | 16.93M | 11.44M | 8.73M | 8.41M |
| Selling general and admin | 89.77M | 67.29M | 39.10M | 27.43M | 32.04M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -49.20M | -79.25M | -40.60M | -21.57M | -14.16M |
| Non operating interest income | |||||
| Income | 6.53M | 1.62M | — | — | — |
| Expense | 5.33M | 5.11M | 229,000 | 240,000 | 406,000 |
| Other income expense | 2.19M | — | 3.73M | — | — |
| Pretax income | -45.81M | -82.74M | -37.09M | -21.81M | -14.57M |
| Tax provision | — | — | — | — | — |
| Net income | -45.81M | -82.74M | -37.09M | -21.81M | -14.57M |
| Basic EPS | -0.66 | -2.10 | -1.22 | -0.83 | -0.60 |
| Diluted EPS | -0.66 | -2.10 | -1.22 | -0.83 | -0.60 |
| Basic average shares | 69.44M | 39.36M | 30.43M | 26.38M | 24.10M |
| Diluted average shares | 69.44M | 39.36M | 30.43M | 26.38M | 24.10M |
| EBITDA | -25.17M | -68.41M | -31.16M | -11.37M | -3.95M |
| Net income from continuing op. | -45.81M | -82.74M | -37.09M | -21.81M | -14.57M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 703.05M | 643.42M | 182.95M | 97.42M | 103.50M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 139.72M | 281.34M | 76.56M | 16.50M | 3.63M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 70.00M | 57.35M | 20.43M | 15.70M | 32.25M |
| Other receivables | — | — | — | — | — |
| Inventory | 39.19M | 22.54M | 11.99M | 13.10M | 8.77M |
| Prepaid assets | — | — | 3.17M | 1.83M | 1.11M |
| Restricted cash | 248,000 | 1.23M | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 17.18M | 7.24M | 3.17M | 1.83M | 1.11M |
| Non current assets | |||||
| Properties | 17.21M | 11.99M | 13.53M | 3.48M | 4.03M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 194.83M | 146.85M | 136.67M | 133.66M | 131.04M |
| Construction in progress | 314.70M | 209.06M | 13.46M | 1.91M | 1.31M |
| Leases | 23.51M | 9.23M | 3.32M | — | — |
| Accumulated depreciation | -141.29M | -129.92M | -121.68M | -112.84M | -102.75M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 2.28M | 2.52M | 1.50M | 84,000 | 84,000 |
| Total liabilities | 214.99M | 195.98M | 54.55M | 29.57M | 44.51M |
| Current liabilities | |||||
| Accounts payable | 51.09M | 54.73M | 17.44M | 5.35M | 12.60M |
| Accrued expenses | 5.94M | 3.54M | 1.83M | 1.30M | 1.59M |
| Short term debt | 1.87M | 2.37M | 2.25M | 2.66M | 4.16M |
| Deferred revenue | 2.32M | 5.85M | 6.05M | 2.04M | 5.62M |
| Tax payable | — | — | — | — | — |
| Pensions | 16.88M | 12.47M | 8.99M | 2.59M | 6.47M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 136.90M | 117.04M | 12.99M | 5.66M | 4.29M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | 434,000 | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | 434,000 | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -673.60M | -627.79M | -545.05M | -507.96M | -486.15M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 488.06M | 447.44M | 128.41M | 67.85M | 58.99M |
| Additional paid in capital | 1.16B | 1.08B | 673.46M | 575.81M | 545.14M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | -45.81M | -82.74M | -37.09M | -21.81M | -14.57M | -34.44M | -19.32M | -12.02M | -6.42M | -66.32M | -47.61M | -56.14M | -32.83M | -9.91M | -18.64M |
| Depreciation | 15.32M | 9.22M | 9.44M | 10.20M | 10.21M | 10.79M | 10.75M | 9.85M | 9.89M | 10.18M | 10.06M | 9.68M | 7.52M | 4.63M | 5.63M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 10.95M | 9.39M | 5.18M | 5.00M | 3.77M | 4.30M | 5.09M | 5.31M | 5.41M | 8.78M | 4.43M | 1.65M | 1.06M | 468,000 | 831,000 |
| Other Non-Cash Items | 8.19M | 7.78M | 1.64M | 980,000 | 947,000 | -121,000 | -112,000 | 656,000 | -139,000 | 50.03M | 36.04M | 21.64M | 8.25M | 2.39M | 3.00M |
| Accounts Receivable | -12.55M | -37.04M | -4.64M | 16.23M | -6.69M | -1.72M | -9.16M | 3.09M | -2.64M | 838,000 | -4.81M | -6.80M | 2.87M | -5.97M | 232,000 |
| Accounts Payable | 4.58M | 5.32M | 7.38M | -7.15M | 141,000 | 1.56M | 1.27M | 105,000 | 1.52M | 687,000 | -1.69M | 1.68M | -708,000 | 181,000 | -1.30M |
| Other Assets & Liabilities | -22.61M | -8.47M | -1.36M | -8.82M | 868,000 | 2.50M | 4.19M | -5.37M | -1.15M | 1.69M | -7.14M | -2.54M | -13.61M | -8.26M | -2.92M |
| Operating Cash Flow | -41.93M | -96.54M | -19.47M | -5.36M | -5.31M | -17.14M | -7.29M | 1.62M | 6.47M | 5.88M | -10.71M | -30.83M | -27.45M | -16.47M | -13.16M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | -2.50M | — | — | — | — | -15.04M | — |
| Sale of Investments | — | — | — | — | — | — | — | — | 2.50M | — | — | — | 4.03M | 10.97M | — |
| Investing Cash Flow | — | — | — | — | — | — | — | — | — | — | — | 451,000 | 4.43M | -4.37M | -139,000 |
| Financing Activities | |||||||||||||||
| Long-Term Debt Issuance | — | 100.00M | — | 3.69M | — | — | — | — | — | — | 18.50M | 24.89M | 45.00M | 10.00M | — |
| Long-Term Debt Payments | — | — | — | -3.12M | -1.06M | -56.29M | -27,000 | -68,000 | -80,000 | -24.43M | -20.31M | -24.22M | -2.28M | -282,000 | -269,000 |
| Other Financing Charges | -1.18M | -13.48M | -4.25M | -1.73M | 4.53M | 4.45M | -391,000 | -856,000 | -238,000 | -47,000 | -872,000 | -425,000 | -4.29M | -687,000 | — |
| Financing Cash Flow | 73.82M | 477.82M | 90.17M | 20.42M | 2.41M | -51.41M | 3.33M | -924,000 | -318,000 | 49.24M | -3.02M | 1.59M | 38.47M | 30.13M | 30.27M |
| Other Cash Details | |||||||||||||||
| End Cash Position | 139.97M | 282.56M | 76.56M | 16.50M | 3.63M | 3.33M | 10.69M | 18.09M | 32.80M | 49.72M | 1.57M | 1.34M | 11.24M | 26.80M | 27.50M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 1,000 | 153,000 | 236,000 | 216,000 | 440,000 | 338,000 | 220,000 | 196,000 | 198,000 | 223,000 | 228,000 | 152,000 | 608,000 | 33,000 | 41,000 |
| Free Cash Flow | -218.07M | -272.37M | -32.41M | -13.34M | -3.17M | -12.25M | -10.72M | -13.79M | -16.60M | -6.59M | -17.02M | -36.12M | -60.46M | -26.47M | -14.62M |
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