Aspen Aerogels, Inc. Updated Earnings Guidance for the Year Ending December 31, 2021
October 28, 2021 at 04:15 pm EDT
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Aspen Aerogels, Inc. updated earnings guidance for the year ending December 31, 2021. The company expects total revenue in the range between $122.0 million and $128.0 million, net loss is expected to range between $29.0 million, and $31.0 million and net loss per share is expected to range between $0.96 and $1.02.
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. 
