Profile
Sector:
Consumer DefensiveIndustry:
Education & Training ServicesCountry:
United StatesIPO:
29 March 2012Website:
http://www.aspu.comNext earnings report:
27 December 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Fri, 15 Nov 2024 14:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
ASPU Latest News
Aspen Aerogels has transformed from an industrial insulation supplier to a key EV sector player, showing significant revenue growth and operating leverage. Despite impressive results and DOE funding news, shares fell due to a low-priced equity issue, concerns over EV demand, and uncertainty about a new factory. Shares dropped nearly 50% in a month, with third quarter sales up 93% YoY, driven by thermal barrier revenues, while facing capacity constraints.
Aspen will also participate in upcoming conferences hosted by Craig-Hallum, Bernstein, and Janney NORTHBOROUGH, Mass. , Nov. 12, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in the fourth quarter of 2024: (i) Craig-Hallum 15th Annual Alpha Select Conference, (ii) Bernstein 3rd Annual Industrials Forum, (iii) Barclays 15th Annual Global Automotive and Mobility Tech Conference and (iv) Janney 2nd Annual Clean Energy Investment Symposium.
$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenue Continued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA margins Increased 2024 Financial Outlook to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDA Various financing activities completed to fully-fund growth strategy NORTHBOROUGH, Mass. , Nov. 6, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the third quarter of 2024, and discussed recent business developments.
BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial software, today announced that its Board of Directors received an unsolicited, non-binding proposal letter, dated November 5, 2024, from Emerson Electric Co. (NYSE:EMR) (“Emerson”), to acquire all of the outstanding shares of common stock of the Company not already owned by Emerson for cash consideration of $240.00 per share. Emerson and its affiliates currently ow.
Robust demand for the DGM suite cushions AZPN's first-quarter performance amid macroeconomic uncertainty.
AZPN's first quarter of fiscal 2025 performance is likely to have benefited from demand momentum across energy and utility markets.
Industry leaders collaborate to offer Philips clinically proven tools and resources to Aspen Dental patients, providing better care for more people CAMBRIDGE, Mass. , Oct. 30, 2024 /PRNewswire/ -- Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a partnership with Aspen Dental ®, the largest group of branded dental offices, to bring Philips Sonicare, the No.1 dental professional-recommended sonic toothbrush brand worldwide, to Aspen Dental's national network of over 1,100 locations.
Aspen Aerogels has transformed from an insulation supplier to a key player in the EV sector, showing strong revenue growth and operating leverage. Despite impressive quarterly results and preliminary DOE funding for a new plant, concerns about EV demand remain. The company raised $85 million through a share issuance, despite holding over $100 million in cash, raising questions about future funding needs.
Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plant Interest rate at applicable U.S. Treasury Rate at the time of each cash draw Plant is expected to provide ~$1.2B - $1.6B of incremental PyroThin® thermal barrier revenue capacity Project financing structure, with Aspen Aerogels, Inc.'s subsidiary Aspen Georgia, LLC as the borrower Q3 2024 revenue of $117 million drove $25 million of Adjusted EBITDA NORTHBOROUGH, Mass. , Oct. 16, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has received a conditional commitment from the U.S. Department of Energy ("DOE") for a proposed loan of up to $670.6 million (the "Loan") under the Advanced Technology Vehicles Manufacturing loan program within DOE's Loan Programs Office ("LPO") for financing the construction of its planned second aerogel manufacturing facility ("Register Plant") in Register, Georgia.
AZPN's new Microgrid Management System solution is tailored to aid users in asset-intensive industries to boost power efficiency and meet net-zero targets.
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What type of business is Aspen?
Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University. As of April 30, 2022, it had 13,334 degree-seeking students enrolled. Aspen Group, Inc. was founded in 1987 and is based in New York, New York.
What sector is Aspen in?
Aspen is in the Consumer Defensive sector
What industry is Aspen in?
Aspen is in the Education & Training Services industry
What country is Aspen from?
Aspen is headquartered in United States
When did Aspen go public?
Aspen initial public offering (IPO) was on 29 March 2012
What is Aspen website?
https://www.aspu.com
Is Aspen in the S&P 500?
No, Aspen is not included in the S&P 500 index
Is Aspen in the NASDAQ 100?
No, Aspen is not included in the NASDAQ 100 index
Is Aspen in the Dow Jones?
No, Aspen is not included in the Dow Jones index
When was Aspen the previous earnings report?
No data
When does Aspen earnings report?
The next expected earnings date for Aspen is 27 December 2024