ASPN News & Events

Sees Q2 revenue $40M-$48M, consensus $41.08M.

Reports Q1 revenue $37.9M, consensus $36.66M. "We are immensely grateful that no employees were seriously injured in the incident. We are also appreciative of the professional work of first responders that night. In the time since, our team has made significant progress. Their work has been instrumental in creating a clear path forward for our East Providence facility," said Don Young, CEO. "We also deeply value the close cooperation of East Providence and Rhode Island public officials. While it will take time to restore East Providence to its full capabilities, we are working closely with our external manufacturing facility to enhance its production capabilities to support both our Energy Industrial and Thermal Barrier segments. These efforts are intended to develop both near- and long-term supply flexibility, strengthening our operational resilience and reinforcing our commitment to customers."

Aspen Aerogels provided an update on its manufacturing facility in East Providence, Rhode Island. As previously reported, an explosion occurred at Aspen's manufacturing facility in East Providence, Rhode Island on the evening of April 8. The explosion damaged a portion of the facility's production space and required the temporary cessation of operations. The investigation into the cause of the incident is ongoing. Preliminary reports indicate the explosion originated in a specific high-temperature oven. Eleven employees at the facility were transported to local medical facilities for evaluation and were subsequently released. As of April 21, the facility remains offline. The company continues to work with the relevant authorities to execute a plan to resume operations. The company maintains business interruption and property damage insurance and has initiated the claims process with its insurance carriers. The company continues to analyze the potential impacts of the incident on the company's business, operations and financial performance, and expects to provide a further update in connection with its fiscal 2026 Q1 earnings release in early May.