Aspen Aerogels

Aspen Aerogels produces flexible aerogel insulation products that provide up to five times better thermal performance than competing materials while offering versatility, space savings, and easy handling. Customers use the Company's products to save money, conserve energy, reduce CO2 emissions, and protect workers. Aspen Aerogels serves many industries including oil and gas production and processing, LNG shipping and storage, building and construction, outdoor apparel, appliances, transportation, and military and aerospace.

Company Growth (employees)
Type
Public
HQ
Northborough, US
Founded
2001
Size (employees)
281 (est)
Aspen Aerogels was founded in 2001 and is headquartered in Northborough, US

Key People at Aspen Aerogels

Jeffrey Ball

Jeffrey Ball

Vice President of Engineering
George L. Gould

George L. Gould

Vice President, Research and Development
Jeff Angus

Jeff Angus

Chief Information Officer
John F. Fairbanks

John F. Fairbanks

Vice President, Chief Financial Officer and Treasurer
Seth Canter

Seth Canter

Vice President, Human Resources

Aspen Aerogels Office Locations

Aspen Aerogels has an office in Northborough
Northborough, US (HQ)
30 Forbes Rd

Aspen Aerogels Data and Metrics

Aspen Aerogels Financial Metrics

Aspen Aerogels's revenue was reported to be $23 m in Q1, 2017
USD

Revenue (Q1, 2017)

23 m

Net income (Q1, 2017)

(9.1 m)

EBIT (Q1, 2017)

(9.1 m)

Market capitalization (22-Aug-2017)

97.7 m

Cash (31-Mar-2017)

11.2 m
Aspen Aerogels's current market capitalization is $97.7 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

102.4 m122.5 m117.7 m

Revenue growth, %

20%(4%)

Sales and marketing expense

10.3 m10.6 m11.8 m

R&D expense

6 m5.3 m5.3 m

General and administrative expense

16.9 m15.1 m17.4 m

Operating expense total

33.1 m30.9 m34.5 m

EBIT

(16 m)(6.2 m)(11.2 m)

EBIT margin, %

(16%)(5%)(10%)

Interest expense

50.3 m182 k147 k

Net Income

(66.3 m)(6.4 m)(12 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

26.6 m25.4 m23.5 m30.1 m31.5 m32.8 m27.7 m29.6 m23 m

Cost of goods sold

45 k46 k

Gross profit

30.1 m31.5 m

Gross profit Margin, %

100%100%

Sales and marketing expense

3.4 m2.2 m2.3 m2.7 m2.8 m3.1 m2.8 m3.1 m3.1 m

R&D expense

1.9 m1.3 m1.3 m1.6 m1.1 m1.3 m1.3 m1.3 m1.6 m

General and administrative expense

6.2 m4 m3.6 m3.5 m3.7 m3.9 m3.9 m4.4 m6.6 m

Operating expense total

11.5 m7.4 m7.3 m7.8 m7.6 m8.3 m8 m8.8 m11.3 m

EBIT

(8.1 m)(2.4 m)(2.7 m)(2.7 m)(2.5 m)(1.8 m)(1.3 m)(2.4 m)(9.1 m)

EBIT margin, %

(31%)(9%)(12%)(9%)(8%)(5%)(5%)(8%)(39%)

Interest expense

34 m47 k45 k46 k39 k39 k37 k26 k

Net Income

(61.2 m)(63.6 m)(2.8 m)(5.5 m)(8.1 m)(1.8 m)(3.2 m)(6.3 m)(9.1 m)
USDFY, 2014FY, 2015FY, 2016

Cash

49.7 m32.8 m18.1 m

Accounts Receivable

73.7 m

Inventories

4.9 m6.5 m12.9 m

Current Assets

73.4 m61.6 m50.2 m

PP&E

71.5 m78.3 m84.4 m

Total Assets

145 m140.1 m134.7 m

Accounts Payable

14.2 m10.7 m13.1 m

Current Liabilities

20.2 m17.4 m18.1 m

Total Liabilities

19.1 m

Additional Paid-in Capital

522.8 m528 m533.1 m

Retained Earnings

(399.1 m)(405.5 m)(417.5 m)

Total Equity

123.7 m122.5 m115.6 m

Financial Leverage

1.2 x1.1 x1.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

56.9 m53.7 m33 m29.6 m30 m29.4 m19.7 m21.1 m11.2 m

Inventories

5.5 m6.3 m5.9 m6.1 m6.6 m6.1 m11.8 m12.9 m15.1 m

Current Assets

82 m81.1 m61.9 m60.2 m62.9 m59.4 m57.9 m55.5 m44.8 m

PP&E

59.2 m65.9 m79.5 m78.1 m77.4 m79.5 m81.1 m81.9 m82.7 m

Total Assets

141.5 m147.2 m141.5 m138.5 m140.4 m139 m139.2 m137.5 m127.6 m

Accounts Payable

8.9 m14.7 m13.4 m9.8 m9.6 m12.7 m12.2 m11.5 m14.2 m

Current Liabilities

13.8 m21 m18.2 m16.5 m20.6 m16.9 m16.8 m16.5 m19.1 m

Additional Paid-in Capital

520.4 m521.4 m524.1 m525.5 m526.7 m529.3 m530.7 m532.1 m534.3 m

Retained Earnings

(394 m)(396.4 m)(401.9 m)(404.6 m)(407.1 m)(407.3 m)(408.7 m)(411.8 m)(426.9 m)

Total Equity

126.4 m125.1 m122.2 m120.9 m119.6 m122 m122 m120.3 m107.4 m

Financial Leverage

1.1 x1.2 x1.2 x1.1 x1.2 x1.1 x1.1 x1.1 x1.2 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(66.3 m)(6.4 m)(12 m)

Depreciation and Amortization

10.2 m9.9 m9.9 m

Accounts Receivable

838 k(2.6 m)3.1 m

Inventories

2 m(1.6 m)(6.3 m)

Accounts Payable

687 k1.5 m105 k

Cash From Operating Activities

48.1 m(16.9 m)(578 k)

Capital Expenditures

(13.2 m)(22 m)(13.2 m)

Cash From Investing Activities

(13.2 m)(22 m)(13.2 m)

Cash From Financing Activities

54.7 m(318 k)(924 k)

Interest Paid

223 k198 k196 k

Free Cash Flow

34.9 m(38.9 m)(13.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(61.2 m)(63.6 m)(2.8 m)(5.5 m)(8.1 m)(1.8 m)(3.2 m)(6.3 m)(9.1 m)

Depreciation and Amortization

5.2 m7.7 m2.2 m4.8 m7.4 m2.4 m4.8 m7.3 m2.7 m

Accounts Receivable

213 k(1.3 m)(1.3 m)(2 m)(5.4 m)(2.3 m)(4.1 m)999 k442 k

Inventories

1.4 m543 k(1 m)(1.2 m)(1.7 m)393 k(5.3 m)(6.4 m)(2.3 m)

Accounts Payable

(83 k)775 k(471 k)1.2 m1.5 m1.5 m1.5 m(17 k)2.2 m

Cash From Operating Activities

191 k1.9 m(3.7 m)(643 k)(82 k)(214 k)(5.2 m)(1.4 m)(4.4 m)

Capital Expenditures

(2.2 m)(4.6 m)(10.5 m)(17 m)(19.4 m)(3.1 m)(7.7 m)(10 m)(2.1 m)

Cash From Investing Activities

(2.2 m)(4.6 m)(13 m)(19.5 m)(19.4 m)(3.1 m)(7.7 m)(10 m)(2.1 m)

Cash From Financing Activities

57.3 m54.8 m(19 k)(38 k)(296 k)(105 k)(125 k)(315 k)(293 k)

Interest Paid

134 k166 k45 k99 k149 k52 k105 k153 k40 k

Free Cash Flow

(2 m)(2.7 m)(14.2 m)(17.6 m)(19.5 m)(3.3 m)(12.9 m)(11.4 m)(6.6 m)
USDY, 2017

Revenue/Employee

81.9 k

Financial Leverage

1.2 x

Aspen Aerogels Market Value History

Traffic Overview of Aspen Aerogels

Aspen Aerogels Online and Social Media Presence

Aspen Aerogels Company Life and Culture

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