ASPN Earnings Prediction
The chart below shows how ASPN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASPN sees a -1.29% change in stock price 10 days leading up to the earnings, and a +19.78% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
ASPN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
117.34M
93.14%
-0.37%
Gross Margin
41.80%
83.90%
-4.57%
Operating Margin
14.83%
161.56%
-12.61%
Net Margin
-11.05%
-48.65%
-177.38%
EPS
-0.17
-10.53%
-180.95%
No Data Available
ASPN Earnings Analysis
Aspen Aerogels, Inc. Corporation (ASPN.N) Earnings Conference Call
Positive
Remarkable Revenue Surge: 1. Significant Revenue Growth: Aspen Aerogels reported Q3 2024 revenue of $117.3 million, reflecting a remarkable 93% year-over-year growth, with an annual revenue run rate of approximately $470 million.
Gross Profit Margin Improvement: 2. Improved Gross Profit Margins: The company achieved a gross profit margin of 42% in Q3, resulting in a gross profit of $49 million, which is a $35.2 million improvement compared to the same quarter last year.
Adjusted EBITDA Improvement: 3. Increased Adjusted EBITDA: Aspen's adjusted EBITDA for Q3 was $25.4 million, a significant turnaround from a negative $7.3 million in the same period last year, resulting in a 22% adjusted EBITDA margin.
2024 Financial Outlook Increase: 4. Raised 2024 Financial Outlook: The company raised its 2024 revenue guidance to $450 million and adjusted EBITDA to $90 million, reflecting an increase of $100 million and $60 million, respectively, since the initial outlook.
Cash Flow Strength: 5. Strong Cash Position: Aspen ended Q3 with over $113 million in cash and generated $21 million in operating cash flow, demonstrating robust financial health and flexibility for future growth.
Negative
Energy Industrial Revenue Decline: 1. Declining Energy Industrial Revenue: Revenue for the Energy Industrial segment decreased by 4% year-over-year and 27% quarter-over-quarter, totaling $26.8 million, which was significantly impacted by a five-week operational turnaround.
Net Loss Amid Revenue Growth: 2. Net Loss Despite Revenue Growth: The company reported a net loss of $13 million in Q3 2024, only slightly improved from a net loss of $13.1 million in Q3 2023, indicating ongoing financial challenges despite revenue increases.
Interest Expense Impact: 3. High Interest Expenses: Interest and financing-related expenses amounted to $31.3 million in Q3, which included a $27.5 million loss on extinguishment of debt, significantly impacting net income.
Operational Improvement Effects: 4. Operational Turnaround Impact: The operational improvement turnaround in the Energy Industrial segment dampened Q3 results, with management estimating that revenues could have been at least $10 million higher without the shutdown.
Rising Plant Cost Estimates: 5. Increased CAPEX for Plant 2: The estimated cost for the Statesboro plant has risen to between $800 million and $960 million, up from a previous estimate of $710 million, indicating potential financial strain and project delays.
ASPN FAQs
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ASPN Earning Call Sentiment
Aspen Aerogels, Inc. (ASPN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ASPN.N
-1.35%Positive
The earnings call summary and Q&A indicate a positive outlook for Aspen Aerogels. The company reported significant revenue growth, improved EBITDA, and a strong cash position. Despite a recent equity offering, the increased revenue guidance and positive net income projection for 2024 are encouraging. The potential DoE loan and strong demand for EV thermal barriers further support a positive sentiment. However, uncertainties around the DoE loan process and EV funding under a new administration pose risks. Considering the market cap, a positive stock price movement of 2% to 8% is anticipated.
