Aspen Aerogels (ASPN) FY 2025 Conference September 03, 2025 09:45 AM ET Company ParticipantsJ. David Anderson - Managing DirectorRicardo Rodriguez - CFO & TreasurerJ. David AndersonSo we know of too many companies quite like Aspen Aerogels. We often talk about transferable skill sets and energy services, products and services and traditional energy that are in that now have new emerging markets and new energy. Well, no one has done it quite as well or as quickly as Aspen Aerogels with an established product ...

Aspen Aerogels (ASPN) FY 2025 Conference September 03, 2025 09:45 AM ET Speaker0So we know of too many companies quite like Aspen Aerogels. We often talk about transferable skill sets and energy services, products and services and traditional energy that are in that now have new emerging markets and new energy. Well, no one has done it quite as well or as quickly as Aspen Aerogels with an established product line in traditional energy that has seen a step change in revenue as a supply to EV batteries. I'd l ...

Core Insights - Aspen Aerogels reported total revenues of $78.7 million for Q1 2025, a decrease of 17% compared to $94.5 million in Q1 2024 [2][6] - The company experienced a net loss of $301.2 million, which included a significant impairment charge of $286.6 million related to the demobilization of a planned manufacturing plant [3][21] - Adjusted EBITDA for Q1 2025 was $4.9 million, down from $12.9 million in Q1 2024 [4] Financial Performance - Revenue breakdown: Thermal Barrier segment generated $48.9 million (25% decrease YoY), while Energy Industrial segment saw $29.8 million (3% increase YoY) [6] - Gross margins were reported at 29%, reflecting an eight-percentage point decrease year-over-year [6] - Operating cash flow for the quarter was $5.6 million, with cash and equivalents at the end of the quarter totaling $192.0 million [6][24] Business Developments - Aspen secured a new PyroThin contract with a leading American OEM for a next-gen prismatic lithium iron phosphate (LFP) vehicle platform, with production expected to start in 2028 [5][6] - The company is focusing on optimizing its cost structure and fortifying its supply chain to enhance financial performance [5] Q2 2025 Financial Outlook - Revenue is projected to range between $70 million and $80 million, with a net loss expected between $11 million and $4 million [7] - Adjusted EBITDA is anticipated to be between breakeven and $7 million [7] - Capital expenditures, excluding costs related to the Statesboro plant, are expected to be less than $10 million [7]