ASPN Q2 2023 Earnings — Aspen Aerogels, Inc. Revenue & Financial Results | Market Cap Arena

ASPNAspen Aerogels, Inc.

$270M

Q2 2023 Earnings

Industrials Construction

Income Statement

Revenue

$48M+5.5% YoY

Gross Profit

$8M17.5% margin

Operating Income

-$17M-35.4% margin

Net Income

-$15M-32.0% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$74M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$617M

Total Liabilities

$197M

Stockholders' Equity

$420M

Cash & Equivalents

$134M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$46M	+5.5%
Gross Profit	$8M	-$1M	+794.2%
Operating Income	-$17M	-$23M	+24.7%
Net Income	-$15M	-$24M	+35.9%

Revenue Segments

Energy Industrial

$36M74%

Thermal Barrier

$13M26%

Geographic Segments

UNITED STATES

$10M31%

Europe

$10M30%

Asia

$10M30%

Latin America

$2M7%

CANADA

$562,0002%