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Aspen Aerogels | 10-Q: Q3 2024 Earnings Report

Aspen Aerogels | 10-Q: Q3 2024 Earnings Report

Aspen Aerogels | 10-Q:2024財年三季報
美股SEC公告 ·  11/07 16:38

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Aspen Aerogels reported Q3 2024 revenue of $117.3 million, a 93% increase year-over-year, driven by thermal barrier sales growth of 176% to $90.6 million. Net loss narrowed to $13.0 million from $13.1 million in Q3 2023. Gross profit surged 255% to $49.0 million, with gross margin expanding to 42% from 23% last year.The company's thermal barrier segment, primarily serving the electric vehicle market, continued its rapid expansion. Revenue from a major U.S. automotive OEM reached $86.4 million in Q3, up from $29.5 million last year. Aspen is extending the timeline for its second manufacturing plant in Georgia to align capacity with evolving EV customer demand.Aspen strengthened its financial position, securing a $125 million term loan and $100 million revolving credit facility from MidCap Financial. The company also raised $93.2 million through a public offering of 4.89 million shares. With $113.5 million in cash as of September 30, Aspen believes it has sufficient funds to support current operations and initial EV market capital expenditures.
Aspen Aerogels reported Q3 2024 revenue of $117.3 million, a 93% increase year-over-year, driven by thermal barrier sales growth of 176% to $90.6 million. Net loss narrowed to $13.0 million from $13.1 million in Q3 2023. Gross profit surged 255% to $49.0 million, with gross margin expanding to 42% from 23% last year.The company's thermal barrier segment, primarily serving the electric vehicle market, continued its rapid expansion. Revenue from a major U.S. automotive OEM reached $86.4 million in Q3, up from $29.5 million last year. Aspen is extending the timeline for its second manufacturing plant in Georgia to align capacity with evolving EV customer demand.Aspen strengthened its financial position, securing a $125 million term loan and $100 million revolving credit facility from MidCap Financial. The company also raised $93.2 million through a public offering of 4.89 million shares. With $113.5 million in cash as of September 30, Aspen believes it has sufficient funds to support current operations and initial EV market capital expenditures.
Aspen Aerogels報告2024年第三季度營業收入爲11730萬,比去年增長93%,得益於熱屏障銷售增長176%至9060萬。淨虧損從2023年第三季度的1310萬減少至1300萬。毛利潤飆升255%至4900萬,毛利率從去年的23%擴大至42%。該公司的熱屏障部門主要服務於電動車市場,繼續快速擴張。來自一家主要美國汽車OEM的收入在第三季度達到了8640萬,較去年2950萬增長。Aspen正在延長其位於喬治亞州的第二家制造廠的時間表,以使產能與不斷變化的電動車客戶需求相匹配。Aspen加強了其財務狀況,從MidCap Financial獲得了一個12500萬的定期貸款和10000萬的循環信用額度。該公司還通過公開發行489萬股募集了9320萬。截止到9月30日,Aspen的現金爲11350萬,相信足以支持當前運營和初始電動車市場資本支出。
Aspen Aerogels報告2024年第三季度營業收入爲11730萬,比去年增長93%,得益於熱屏障銷售增長176%至9060萬。淨虧損從2023年第三季度的1310萬減少至1300萬。毛利潤飆升255%至4900萬,毛利率從去年的23%擴大至42%。該公司的熱屏障部門主要服務於電動車市場,繼續快速擴張。來自一家主要美國汽車OEM的收入在第三季度達到了8640萬,較去年2950萬增長。Aspen正在延長其位於喬治亞州的第二家制造廠的時間表,以使產能與不斷變化的電動車客戶需求相匹配。Aspen加強了其財務狀況,從MidCap Financial獲得了一個12500萬的定期貸款和10000萬的循環信用額度。該公司還通過公開發行489萬股募集了9320萬。截止到9月30日,Aspen的現金爲11350萬,相信足以支持當前運營和初始電動車市場資本支出。
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