ASPN - Aspen Aerogels GAAP EPS of -$0.24 revenue of $45.58M

2023-05-03 17:56:11 ET

• Aspen Aerogels press release ( NYSE: ASPN ): Q1 GAAP EPS of -$0.24.
• Revenue of $45.58M (+18.7% Y/Y).

• 2023 Financial Outlook

• Aspen updates its 2023 full year outlook as follows:

• Total revenue is expected to range between $200 million to $250 million

• Net loss is expected to range between $101.9 million and $91.9 million
• Adjusted EBITDA is expected to range between $(60) million and $(50) million
• Net loss per share is expected to range between $1.46 and $1.31
• CAPEX is reduced from a range of $350-400 million to a range of $100-150 million, including $49.4 million invested in the first quarter

For further details see: