Aspen Aerogels, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2019 and Full Year Ending December 31, 2020
January 27, 2020 at 04:15 pm
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Aspen Aerogels, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2019. Fourth quarter net loss is expected to be approximately $1.0 million versus $14.1 million in the fourth quarter of 2018. The company expects to announce growth in total revenue for the fourth quarter of approximately 30% to about $46.5 million versus $35.7 million in the fourth quarter of 2018.
Net loss for the full year is expected to be approximately $14.6 million versus $34.4 million in 2018. The company also expects to report growth in total revenue for the full year of approximately 34% to about $139.4 million versus $104.4 million in 2018. Fourth quarter and full year 2019 total revenue are each expected to represent a new record revenue level for Aspen.
For 2020, total revenue is expected to range between $138.0 million and $148.0 million and net loss is expected to range between $5.7 million and $9.7 million.
Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. The Company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Its segments include Energy Industrial and Thermal Barrier. Under Energy Industrial, it designs, develops and manufactures aerogel insulation used primarily in the energy industrial and sustainable insulation markets. The Company offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under Thermal Barrier segment, it offers PyroThin product, which is a thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance, and fire protection properties.
ASPEN AEROGELS, INC. 
