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).
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2023 Financial Outlook
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Aspen updates its 2023 full year outlook as follows:
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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:
Aspen Aerogels GAAP EPS of -$0.24, revenue of $45.58M