Shares of Aspen Aerogels, Inc. (ASPN) surged over 37% on Thursday morning after the company reported a first-quarter loss that was narrower than the Street view. The company also lifted its full-year financial outlook.
ASPN is currently trading at $20.92, up $5.70 or 37.44%, on the NYSE. The stock opened its trading at $19.79 after closing Wednesday at $15.22. The stock has traded between $5.32 and $21.50 in the past 52-week period.
Revenues for the first quarter were $94.5 million, compared to $45.6 million in the first quarter.
Net loss was $1.8 million or $0.02 per share, compared to a net loss of $16.8 million or $0.24 per share last year. Analysts polled by Thomson Reuters had expected a loss of $0.11 per share.
Looking forward to the full year 2024, the company now expects revenues to be above $380 million and earnings per share of $0.03. Previously, the company expected revenues to be above $350 million and a loss per share of $0.30.
Analysts currently estimate a loss of $0.19 per share and revenues of $362.04 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.