NORTHBOROUGH, Mass., July 30, 2020 /PRNewswire/ -- Aspen Aerogels, Inc. ("Aspen") today announced financial results for the second quarter and first half of 2020, which ended June 30, 2020, and discussed recent business developments. As a result, we experienced a relatively modest decrease in gross profit and Adjusted EBITDA and increase in net loss versus the second quarter of 2019," said "Importantly, we continued to make solid progress on our strategy to leverage our aerogel technology platform within the electric vehicle market. . Aspen Technology, Inc. was formed in Massachusetts in 1981 and reincorporated in Delaware in 1998. In addition, our initiatives to reduce compensation, discretionary expenses and bill of material costs offset most of the impact of the decrease in revenue. In addition, our work with several automotive OEMs to explore the role our silica aerogel materials can play in impeding thermal runaway in lithium-ion batteries appears increasingly promising.
Registration on or use of this site constitutes acceptance of our "As expected, our second quarter revenue declined 17% due to a decrease in subsea project work and the impact of COVID-19 on our maintenance related business, most notably in the U.S. petrochemical and refinery market. Total revenue for the first quarter was $28.4 million …

In addition, our initiatives to reduce compensation, discretionary expenses and bill of material costs offset most of the impact of the decrease in revenue. Total revenue for the second quarter was $24.6 million compared to $29.5 million in the second quarter last year. We received an initial order for our silica aerogel blankets for one of "We will also continue to monitor all aspects of our business to position Aspen Aerogels to successfully execute its strategy. The company’s mission is to enable its customers and partners to achieve their own objectives around the global megatrends of resource efficiency and sustainability.

We received an initial order for our silica aerogel blankets for one of "We will also continue to monitor all aspects of our business to position Aspen Aerogels to successfully execute its strategy. NORTHBOROUGH, Mass., April 30, 2020 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced financial results for the first quarter of 2020, which ended March 31, 2020, and discussed recent business developments. We remain confident that the actions we've taken during 2020 both to reduce expenses and to bolster our financial resources will position us to navigate through the current challenging environment and to thrive when business conditions improve," concluded Mr. Young.Following the live event, an archived version of the webcast will be available on A copy of this press release is posted in the Investors section on In addition to providing financial measurements based on generally accepted accounting principles in Management believes that these non-GAAP financial measures reflect The non-GAAP financial measures do not replace the presentation of This press release and any related discussion contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements, including statements relating to We price our product and measure our product shipments in square feet.The following tables presents a reconciliation of the non-GAAP financial measure included in this press release to the most directly comparable GAAP measure:We define Adjusted EBITDA as net income (loss) before interest expense, taxes, depreciation, amortization, stock-based compensation expense and other items, which occur from time to time and which we do not believe are indicative of our core operating performance. NORTHBOROUGH, Mass., July 30, 2020 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced financial results for the … We remain confident that the actions we've taken during 2020 both to reduce expenses and to bolster our financial resources will position us to navigate through the current challenging environment and to thrive when business conditions improve," concluded Mr. Young.Following the live event, an archived version of the webcast will be available on A copy of this press release is posted in the Investors section on In addition to providing financial measurements based on generally accepted accounting principles in Management believes that these non-GAAP financial measures reflect The non-GAAP financial measures do not replace the presentation of This press release and any related discussion contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements, including statements relating to We price our product and measure our product shipments in square feet.The following tables presents a reconciliation of the non-GAAP financial measure included in this press release to the most directly comparable GAAP measure:We define Adjusted EBITDA as net income (loss) before interest expense, taxes, depreciation, amortization, stock-based compensation expense and other items, which occur from time to time and which we do not believe are indicative of our core operating performance.
View article All articles Beatrice Morley, Global Head of Casualty at Aspen Re, considers the extent of litigation concerning the cost of the U.S. opioid crisis. We did, however, experience year-over-year growth in on-shore project work globally, led by continued strong demand in the LNG market. The Aspen Annual Report covers all the businesses of the Group except where the scope is specifically stated as limited, for the financial ... Aspen Global Aspen Ireland Aspen Mexico Aspen Venezuela Sub-Saharan Africa Business Revenue R1,7bn +27% 10% of Group Key business units Shelys The Collaboration 7 9 11 8 6 10 12. Aspen Aerogels, Inc. Reports Second Quarter 2020 Financial Results and Recent Business Developments In addition, our work with several automotive OEMs to explore the role our silica aerogel materials can play in impeding thermal runaway in lithium-ion batteries appears increasingly promising.