Aspen Aerogels, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 30, 2020 at 04:15 pm EDT
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Aspen Aerogels, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 24.641 million compared to USD 29.533 million a year ago. Operating loss was USD 5.648 million compared to USD 5.215 million a year ago. Net loss was USD 5.698 million compared to USD 5.318 million a year ago. Basic loss per share was USD 0.21 compared to USD 0.22 a year ago. For the half year, total revenue was USD 53.060 million compared to USD 57.445 million a year ago. Operating loss was USD 8.734 million compared to USD 11.176 million a year ago. Net loss was USD 8.867 million compared to USD 11.320 million a year ago. Basic loss per share was USD 0.34 compared to USD 0.47 a year ago.
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. 
