Benzinga | Oct 29, 2020 05:04PM EDT

Recap: Aspen Aerogels Q3 Earnings

Shares of Aspen Aerogels (NYSE:ASPN) rose 14.8% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 177.78% over the past year to ($0.25), which missed the estimate of ($0.16).

Revenue of $24,195,000 declined by 31.70% from the same period last year, which missed the estimate of $26,280,000.

Guidance

Aspen Cuts FY20 Guidance: Sales From $104M-$110M To $102M-$106M vs $107M Estimate, EPS From $(0.67)-$(0.55) To $(0.78)-$(0.71) vs $(0.64) Est.

Details Of The Call

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.aerogel.com%2F&eventid=2632649&sessionid=1&key=FBECCEB6DCD5613C7DB786C96866AFC5&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $14.63

52-week low: $4.09

Price action over last quarter: Up 103.78%

Company Profile

Aspen Aerogels Inc is an aerogel technology company that designs, develops and manufactures high-performance aerogel insulation used primarily in the energy infrastructure and building materials markets. The company also conducts research and development related to aerogel technology supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. Geographically, it operates in the U.S. and also has a presence in other International countries. Some of its products include Pyrogel XTE; Cryogel Z; and others.