ASPEN AEROGELS INC

Aspen Aerogels reported a net loss of $23.3 million for the second quarter of 2026, a significant increase from $9.1 million in the prior year, with revenue declining 36% to $49.8 million. For the six months, the company recorded a net loss of $47.0 million, a substantial improvement from $310.3 million in 2025 which included large impairment charges. The company generated $17.9 million in cash from operations and settled a $37.6 million claim with a Thermal Barrier customer, but also experienced an explosion at its East Providence facility resulting in $8.9 million in property damage.

Aspen Aerogels reported Q2 2026 financial results with total revenue of $49.8 million and a net loss of $23.3 million, impacted by an incident at its East Providence facility and changes in North American EV regulatory frameworks. Despite the Q2 challenges, the company provided a strong Q3 2026 outlook, projecting revenue between $65 million and $80 million and adjusted EBITDA between $7 million and $15 million. Key business highlights include a new PyroThin® award from Jaguar Land Rover and a raised European Thermal Barrier revenue outlook for 2026.

Aspen Aerogels reported Q2 2026 financial results, with total revenue of $49.8 million and a net loss of $23.3 million, impacted by an incident at its East Providence facility and changes in North American EV regulatory frameworks. Despite the Q2 challenges, the company announced a significant PyroThin® award from Jaguar Land Rover for two next-generation vehicle architectures and provided a strong Q3 2026 outlook, projecting revenue between $65 million and $80 million and Adjusted EBITDA between $7 million and $15 million. The European Thermal Barrier 2026 revenue outlook was also raised to $20 million to $30 million, indicating positive momentum for future growth.

Aspen Aerogels, Inc. announced it will release its second quarter financial results for the period ended June 30, 2026, before the market opens on Thursday, August 6, 2026. The company will host a conference call on the same day at 8:30 a.m. ET to discuss these results. President & CEO Don Young and CFO & Treasurer Grant Thoele will lead the discussion, which will also be available via webcast.

Aspen Aerogels, Inc. announced it has been named a 2025 General Motors Supplier of the Year, marking a significant recognition in GM's 34th annual awards. This honor highlights Aspen's innovation and its critical role in GM's electric vehicle thermal management strategy, particularly with its PyroThin® products. The award underscores the strong partnership between the two companies and Aspen's contribution to advancing battery performance in the automotive industry's shift towards electrification.

Aspen Aerogels announced the successful initiation of a staged restart of its East Providence, Rhode Island manufacturing facility following comprehensive mechanical, operational, and safety reviews. The company also designated Grant Thoele as principal accounting officer, increasing his annual base salary to $425,000. Additionally, at its Annual Meeting, stockholders elected two Class III directors, ratified KPMG LLP as auditor, and approved executive compensation and an annual frequency for future advisory votes on executive compensation.

Aspen Aerogels announced the successful initiation of a staged restart of its manufacturing operations at its East Providence, Rhode Island facility. This restart followed comprehensive mechanical, operational, and safety reviews conducted in close coordination with local, state, and federal agencies after an incident on April 8th. The company completed rigorous inspections and extensive equipment testing to ensure operational standards. Aspen plans a deliberate, phased ramp-up, expecting the facility to return to full capabilities over time, with employee and neighbor safety as the top priority.

Aspen Aerogels reported a net loss of $23.7 million for the first quarter of 2026, a significant improvement from the $301.2 million net loss in the prior year, which included a large impairment charge. However, total revenue decreased by 52% to $37.9 million, with both Thermal Barrier and Energy Industrial segments experiencing declines. The company generated $34.1 million in cash from operations and maintained a strong cash position of $173.9 million, while also settling a $37.6 million claim with a Thermal Barrier customer.

Aspen Aerogels announced Q1 2026 financial results, with total revenue of $37.9 million, a significant decrease from $78.7 million in the prior year. The company reported a net loss of $23.7 million, an improvement from a $301.2 million net loss in Q1 2025, largely due to a prior year impairment charge. Cash, cash equivalents, and restricted cash increased to $175.6 million, boosted by a $37.6 million commercial settlement from General Motors. Operations at the East Providence manufacturing facility are expected to begin a staged restart in May following an explosion in April, with the company leveraging existing inventory and external manufacturing to meet demand. Aspen Aerogels also provided a Q2 2026 revenue outlook of $40 million to $48 million.

Aspen Aerogels reported Q1 2026 financial results, with total revenue of $37.9 million and a net loss of $23.7 million, a significant improvement from the prior year's $301.2 million net loss which included a large impairment charge. The company ended the quarter with a strong cash balance of $175.6 million, boosted by a $37.6 million commercial settlement from General Motors. Operations at its East Providence manufacturing facility are expected to begin a staged restart in May following an April 8 explosion, and the company provided a Q2 2026 outlook expecting increased revenue and improved profitability.