Aspen Aerogels Analysts Slash Their Forecasts After Q4 Earnings

Aspen Aerogels, Inc. (NYSE:ASPN) reported better-than-expected earnings for its fourth quarter on Thursday.

The company posted quarterly earnings of 14 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $123.09 million which beat the analyst consensus estimate of $120.80 million.

“Our financial results for 2024 underscore the scalability of our business model and leading market position,” commented Don Young, Aspen’s President and CEO. “In addition to exceeding our initial 2024 revenue and profitability expectations, we added multiple OEMs to our growing list of customers, including the recent award from Volvo ...

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