Aspen Aerogels, Inc. Reports Third Quarter 2023 Financial Results and Recent Business Highlights
NORTHBOROUGH, Mass., Nov. 1, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the third quarter of 2023, and discussed recent business developments.
- Total revenue for the third quarter of 2023 was $60.8 million, compared to $36.7 million in the third quarter of last year.
- Adjusted EBITDA for the third quarter of 2023 was $(7.3) million, compared to $(23.2) million in the third quarter of last year.
- An explanation of this non-GAAP financial measure is also included below under the heading "Non-GAAP Financial Measures."
- A conference call with Aspen management to discuss third quarter 2023 results and recent business developments will be held at 8:30 am ET on November 2, 2023.