Aspen aerogels, inc. reports fourth quarter and fiscal year 2024 financial results and recent business highlights

$452.7 million in fy 2024 revenue, a 90% year-over-year increase fy 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of adjusted ebitda record energy industrial revenue in q4 of $53.1 million ended the year with $220.9 million of cash and generated $20.9 million of free cash flow in q4 external manufacturing facility capable of increasing capacity; demobilizing statesboro plant project awarded pyrothin ® thermal barrier contract for volvo truck commercial vehicle program northborough, mass. , feb. 12, 2025 /prnewswire/ -- aspen aerogels, inc. (nyse: aspn) ("aspen" or the "company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2024 and discussed recent business developments.
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