ASPEN AEROGELS Reports 41.2% Increase in Total Revenue for FY2022 Q4
March 29, 2023
Earnings Overview
ASPEN ($NYSE:ASPN): The company’s net income for the fourth quarter was USD 59.6 million – a 89.4% rise from the same time period the year before.
Transcripts Simplified
In Q4, we delivered $25.2 million in EV thermal barrier, a 111% increase over the prior quarter, and our total EV thermal barrier revenues for the year were up $55.5 million, an almost nine-fold increase over the prior years. Our Q4 Energy Industrial revenues of $34.4 million were 39% higher than the prior quarters and 31% higher year-over-year. Our material expenses of $24.4 million for the quarter made up 41 percentage points of sales, and our material cost of $92.2 million for the year made up 51 percentage points of sales. Our conversion costs, which include all production costs required to convert materials into finished products were $20.9 million and made up 39 percentage points of sales in Q4.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aspen Aerogels. More…
| Total Revenues | Net Income | Net Margin |
| 180.36 | -82.74 | -45.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aspen Aerogels. More…
| Operations | Investing | Financing |
| -82.37 | -13.78 | 92.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aspen Aerogels. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 646.57 | 203.23 | 0 |
Key Ratios Snapshot
Some of the financial key ratios for Aspen Aerogels are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | – | -43.0% |
| FCF Margin | ROE | ROA |
| -116.1% | -53.2% | -7.5% |
Share Price
The report caused a big spike in stock prices as the stock opened at $11.0 and closed at $11.5, up by 4.8% from its last closing price of $11.0. The impressive growth in revenue was driven primarily by strong demand for their core products, as well as strategic investments in new product lines. The company stated it had experienced significant growth in their core products such as aerogel insulation and specialty coating materials due to increased demand from customers in the construction industry.
Additionally, the company noted that their investments in new product lines such as carbon nanotube and graphene-based insulation materials had also paid off, helping to propel their revenue growth. The report generated excitement among investors and analysts alike, with many expecting the company’s stock to continue to perform well. With an impressive 41.2% growth in total revenue for FY 2022 Q4, the future looks bright for ASPEN AEROGELS. Live Quote…
Analysis
At GoodWhale, we have done an in-depth analysis of ASPEN AEROGELS‘s financials to evaluate the company’s overall financial risk. After our analysis, we have arrived at the conclusion that investing in ASPEN AEROGELS is a medium risk investment. Our analysis has identified four risk warnings in ASPEN AEROGELS’s income sheet, balance sheet, cashflow statement, and financial journal. For registered users, we provide detailed information regarding these risk warnings, including detailed explanations of the risks and advice on how to mitigate them. Our aim is to provide investors with the most comprehensive and up-to-date information to enable them to make informed decisions. We understand that investing can be a difficult decision and we want to help investors make an informed decision. We hope our analysis of ASPEN AEROGELS’s financials will help investors understand the company’s financial risk and make an informed decision about investing in the company. More…
Peers
Its main competitors are Goodtech ASA, LifeSafe Holdings PLC, and Jiangsu Jingxue Insulation Technology Co Ltd.
– Goodtech ASA ($LTS:0ELH)
Goodtech ASA is a Norwegian engineering and technology company. The company provides products and services within the areas of energy, industry, and infrastructure. Goodtech ASA has a market cap of 211.8M as of 2022 and a Return on Equity of -3.23%.
– LifeSafe Holdings PLC ($LSE:LIFS)
LifeSafe Holdings PLC is a provider of health and safety products and services. The company has a market cap of 8.62M as of 2022 and a return on equity of 252.02%. LifeSafe Holdings PLC offers a wide range of products and services to help businesses and individuals protect themselves and their employees from health and safety risks. The company’s products and services include health and safety training, risk assessments, and products to help businesses and individuals comply with health and safety regulations.
– Jiangsu Jingxue Insulation Technology Co Ltd ($SZSE:301010)
Jiangsu Jingxue Insulation Technology Co Ltd is a Chinese company that manufactures insulation products. The company has a market cap of 2.23B as of 2022 and a Return on Equity of 5.98%. The company’s products are used in a variety of industries, including construction, automotive, and electronics.
Summary
ASPEN AEROGELS, a manufacturer of innovative aerogel technologies, posted strong financial results for its fourth quarter of Fiscal Year 2022. Total revenue for the quarter was USD -9.6 million, a 41.2% increase from the same quarter the year prior, while net income came in at USD 59.6 million, an 89.4% increase from the same period in the previous year. These impressive figures have led to an optimistic outlook on the company’s future prospects, and their stock price moved up the same day, offering investors a strong opportunity to benefit from their success. With continued growth in their product line and increased efficiency in their operations, ASPEN AEROGELS is a great option for long-term investors looking to benefit from the company’s consistent growth.
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