Aspen aerogels, inc. reports first quarter 2024 financial results and recent business highlights

$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of adjusted ebitda raising 2024 baseline adjusted ebitda outlook by 83% expecting positive net income for 2024 northborough, mass. , may 1, 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 first quarter of 2024, and discussed recent business developments.
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