Aspen Aerogels, Inc. Reports First Quarter 2024 Financial Results and Recent Business Highlights
NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments.
- NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments.
- Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023.
- Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023.
- Adjusted EBITDA for the first quarter of 2024 was $12.9 million, compared to $(13.9) million in the first quarter of 2023.