NORTHBOROUGH, Mass. (AP) _ Aspen Aerogels Inc. (ASPN) on Thursday reported a loss of $6.2 million in its fourth quarter.
On a per-share basis, the Northborough, Massachusetts-based company said it had a loss of 23 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The maker of insulation products posted revenue of $23 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $27.2 million.
For the year, the company reported that its loss widened to $21.8 million, or 83 cents per share. Revenue was reported as $100.3 million.
Aspen Aerogels expects a full-year loss of 92 cents to 77 cents per share, with revenue in the range of $100 million to $108 million.
Aspen Aerogels shares have climbed 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.31, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASPN at https://www.zacks.com/ap/ASPN
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