Aspen Aerogels, Inc. (ASPN)

Aspen Aerogels Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	452.7	238.72	180.36	121.62	100.27
Revenue Growth (YoY)	89.64%	32.35%	48.30%	21.29%	-28.06%
Cost of Revenue	265.7	181.8	175.39	111.69	85.68
Gross Profit	187	56.92	4.98	9.94	14.59
Selling, General & Admin	106.8	89.77	67.29	39.1	27.43
Research & Development	18.05	16.36	16.93	11.44	8.73
Operating Expenses	124.85	106.12	84.22	50.54	36.16
Operating Income	62.15	-49.2	-79.25	-40.6	-21.57
Interest Expense	-11.96	-5.33	-5.11	-0.23	-0.24
Interest & Investment Income	-	6.53	1.62	-	-
EBT Excluding Unusual Items	50.19	-48	-82.74	-40.83	-21.81
Asset Writedown	-7.61	-	-	-	-
Other Unusual Items	-27.49	2.19	-	3.73	-
Pretax Income	15.09	-45.81	-82.74	-37.09	-21.81
Income Tax Expense	1.71	-	-	-	-
Net Income	13.38	-45.81	-82.74	-37.09	-21.81
Net Income to Common	13.38	-45.81	-82.74	-37.09	-21.81
Shares Outstanding (Basic)	78	69	39	30	26
Shares Outstanding (Diluted)	80	69	39	30	26
Shares Change (YoY)	15.65%	76.41%	29.34%	15.37%	9.45%
EPS (Basic)	0.17	-0.66	-2.10	-1.22	-0.83
EPS (Diluted)	0.17	-0.66	-2.10	-1.22	-0.83
Free Cash Flow	-40.71	-218.07	-272.37	-32.41	-13.34
Free Cash Flow Per Share	-0.51	-3.14	-6.92	-1.06	-0.51
Gross Margin	41.31%	23.84%	2.76%	8.17%	14.55%
Operating Margin	13.73%	-20.61%	-43.94%	-33.38%	-21.51%
Profit Margin	2.95%	-19.19%	-45.87%	-30.50%	-21.75%
Free Cash Flow Margin	-8.99%	-91.35%	-151.01%	-26.64%	-13.30%
EBITDA	84.67	-33.89	-70.02	-31.16	-11.37
EBITDA Margin	18.70%	-14.19%	-38.82%	-25.62%	-11.34%
D&A For EBITDA	22.53	15.32	9.22	9.44	10.2
EBIT	62.15	-49.2	-79.25	-40.6	-21.57
EBIT Margin	13.73%	-20.61%	-43.94%	-33.38%	-21.51%
Effective Tax Rate	11.36%	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.