Aspen Aerogels(ASPN) - 2024 Q2 - Quarterly Results

Exhibit 99.1 ($ in millions, except per share amounts) For Immediate Release Aspen Aerogels, Inc. Reports Second Quarter 2024 Financial Results and Recent Business Highlights Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoY Delivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDA Increased 2024 revenue and profitability outlook for the second consecutive quarter NORTHBOROUGH, Mass., August 7, 2024 — Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the " ...