2023 Q2 Form 10-Q Financial Statement
#000095017023017876 Filed on May 04, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $48.16M | $45.59M | $38.41M |
YoY Change | 5.52% | 18.69% | 36.69% |
Cost Of Revenue | $39.75M | $40.50M | $40.20M |
YoY Change | -15.15% | 0.76% | 66.51% |
Gross Profit | $8.407M | $5.086M | -$1.788M |
YoY Change | -794.22% | -384.45% | -145.2% |
Gross Profit Margin | 17.46% | 11.16% | -4.66% |
Selling, General & Admin | $21.49M | $19.90M | $13.24M |
YoY Change | 26.48% | 50.22% | 72.25% |
% of Gross Profit | 255.58% | 391.17% | |
Research & Development | $3.964M | $4.099M | $3.592M |
YoY Change | -10.86% | 14.11% | 47.09% |
% of Gross Profit | 47.15% | 80.59% | |
Depreciation & Amortization | $3.510M | $2.700M | $2.128M |
YoY Change | 72.65% | 26.88% | -18.15% |
% of Gross Profit | 41.75% | 53.09% | |
Operating Expenses | $25.45M | $23.99M | $16.84M |
YoY Change | 18.74% | 42.52% | 66.18% |
Operating Profit | -$17.04M | -$18.91M | -$18.62M |
YoY Change | -24.74% | 1.52% | 201.6% |
Interest Expense | $1.832M | $2.387M | -$860.0K |
YoY Change | 1154.79% | -377.56% | 975.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.621M | $2.112M | -$860.0K |
YoY Change | -215.46% | -345.58% | 1046.67% |
Pretax Income | -$15.42M | -$16.80M | -$19.48M |
YoY Change | -35.88% | -13.8% | 211.74% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$15.42M | -$16.80M | -$19.48M |
YoY Change | -35.87% | -13.8% | 211.74% |
Net Earnings / Revenue | -32.03% | -36.84% | -50.73% |
Basic Earnings Per Share | -$0.22 | -$0.24 | -$0.59 |
Diluted Earnings Per Share | -$0.22 | -$0.24 | -$591.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 70.11M | 70.07M | 32.94M |
Diluted Shares Outstanding | 69.25M | 69.16M | 32.94M |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $134.3M | $207.5M | $205.2M |
YoY Change | -17.19% | 1.15% | 1092.89% |
Cash & Equivalents | $134.3M | $207.5M | $205.2M |
Short-Term Investments | |||
Other Short-Term Assets | $16.30M | $14.21M | $2.835M |
YoY Change | 253.12% | 401.23% | 136.25% |
Inventory | $33.29M | $27.01M | $15.51M |
Prepaid Expenses | |||
Receivables | $44.17M | $47.28M | $24.53M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $228.0M | $296.0M | $248.1M |
YoY Change | 6.92% | 19.35% | 397.09% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $368.3M | $312.1M | $77.72M |
YoY Change | 201.35% | 301.53% | 69.89% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.388M | $2.410M | $2.240M |
YoY Change | -6.5% | 7.59% | 2140.0% |
Total Long-Term Assets | $389.0M | $324.7M | $92.96M |
YoY Change | 172.72% | 249.3% | 85.91% |
TOTAL ASSETS | |||
Total Short-Term Assets | $228.0M | $296.0M | $248.1M |
Total Long-Term Assets | $389.0M | $324.7M | $92.96M |
Total Assets | $617.1M | $620.7M | $341.0M |
YoY Change | 73.37% | 82.03% | 241.35% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $48.06M | $52.82M | $30.07M |
YoY Change | -5.99% | 75.67% | 329.56% |
Accrued Expenses | $10.67M | $9.763M | $7.737M |
YoY Change | -2.74% | 26.19% | 45.82% |
Deferred Revenue | $4.634M | $3.974M | |
YoY Change | 186.76% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $65.63M | $68.83M | $46.20M |
YoY Change | -7.83% | 48.97% | 101.75% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $109.2M | $106.4M | $100.6M |
YoY Change | 6.31% | 5.74% | 12217.99% |
Other Long-Term Liabilities | $22.30M | $12.95M | $12.56M |
YoY Change | 29.23% | 3.12% | 2793.09% |
Total Long-Term Liabilities | $131.5M | $119.4M | $113.2M |
YoY Change | 9.6% | 5.45% | 8948.28% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $65.63M | $68.83M | $46.20M |
Total Long-Term Liabilities | $131.5M | $119.4M | $113.2M |
Total Liabilities | $197.1M | $188.2M | $159.4M |
YoY Change | 3.1% | 18.07% | 379.66% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$660.0M | -$644.6M | |
YoY Change | 12.13% | ||
Common Stock | $1.080B | $1.077B | |
YoY Change | 43.36% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $420.0M | $432.5M | $181.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $617.1M | $620.7M | $341.0M |
YoY Change | 73.37% | 82.03% | 241.44% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$15.42M | -$16.80M | -$19.48M |
YoY Change | -35.87% | -13.8% | 211.74% |
Depreciation, Depletion And Amortization | $3.510M | $2.700M | $2.128M |
YoY Change | 72.65% | 26.88% | -18.15% |
Cash From Operating Activities | -$7.680M | -$24.70M | -$22.80M |
YoY Change | -23.47% | 8.33% | 1117.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $66.01M | $49.38M | -$14.50M |
YoY Change | -274.38% | -440.44% | -1086.67% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$66.01M | -$49.38M | -$14.50M |
YoY Change | 74.38% | 240.44% | 886.67% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $39.50M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 140.0K | -364.0K | 165.9M |
YoY Change | -97.14% | -100.22% | 3982.31% |
NET CHANGE | |||
Cash From Operating Activities | -7.680M | -24.70M | -22.80M |
Cash From Investing Activities | -66.01M | -49.38M | -14.50M |
Cash From Financing Activities | 140.0K | -364.0K | 165.9M |
Net Change In Cash | -73.55M | -74.39M | -22.80M |
YoY Change | 71.08% | 226.29% | -3253.53% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.680M | -$24.70M | -$22.80M |
Capital Expenditures | $66.01M | $49.38M | -$14.50M |
Free Cash Flow | -$73.69M | -$74.08M | -$8.296M |
YoY Change | -364.88% | 792.94% | 148.23% |
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
385000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
21000 | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
432542000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
128408000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19484000 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1828000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
2315000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
38000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
181611000 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-16796000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-19484000 | |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
2704000 | |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
2128000 | |
CY2022Q1 | aspn |
Accretion Of Interest On Convertible Note Related Party
AccretionOfInterestOnConvertibleNoteRelatedParty
|
819000 | |
CY2023Q1 | aspn |
Amortization Of Debt Discount Due To Modification Of Convertible Note Related Party
AmortizationOfDebtDiscountDueToModificationOfConvertibleNoteRelatedParty
|
266000 | |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
99000 | |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-5000 | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2267000 | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1828000 | |
CY2023Q1 | aspn |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-632000 | |
CY2022Q1 | aspn |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-570000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-9971000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4469000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3518000 | |
CY2023Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
5272000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5097000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
374000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5516000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3063000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-6240000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3082000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1872000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-120000 | |
CY2023Q1 | aspn |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-609000 | |
CY2022Q1 | aspn |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-556000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-24651000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22829000 | |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
49378000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14504000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-49378000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-14504000 | |
CY2022Q1 | aspn |
Proceeds From Issuance Of Convertible Note Related Party
ProceedsFromIssuanceOfConvertibleNoteRelatedParty
|
100000000 | |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
21000 | |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
38000 | |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
385000 | |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2315000 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
50000000 | |
CY2022Q1 | aspn |
Payments Of Fees And Issuance Costs From Private Placement Of Common Stock
PaymentsOfFeesAndIssuanceCostsFromPrivatePlacementOfCommonStock
|
136000 | |
CY2022Q1 | aspn |
Contract With Customer Prepayment Liability Repayment
ContractWithCustomerPrepaymentLiabilityRepayment
|
4728000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-364000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
165946000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-74393000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
128613000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
282561000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
76564000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
208168000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
205177000 | |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
52000 | |
CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
68000 | |
CY2023Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
2561000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
3610000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
9566000 | |
CY2023Q1 | aspn |
Number Of Subsidiaries
NumberOfSubsidiaries
|
3 | |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2661000 | |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
27007000 | |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
22538000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16800000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-24700000 | |
CY2023Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
49400000 | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
207500000 | |
CY2023Q1 | aspn |
Period Of Option To Purchase
PeriodOfOptionToPurchase
|
P18M | |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">The preparation of the consolidated financial statements requires the Company to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include allowances for doubtful accounts, sales returns and allowances, product warranty costs, inventory valuation, the carrying amount of property and equipment, right-of-use assets, lease liabilities, stock-based compensation, and deferred income taxes. The Company evaluates its estimates and assumptions on an on-going basis using historical experience and other factors, including current economic conditions, which are believed to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances warrant. Illiquid credit markets, volatile equity markets and declines in business investment can increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.</span></p> | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
444588000 | |
CY2023Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
600000 | |
CY2023Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">Financial instruments, which potentially expose the Company to concentrations of credit risk, consist principally of accounts receivable. The Company’s customers are primarily insulation distributors, insulation contractors, insulation fabricators and select energy and automotive end-users located throughout the world. The Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral to secure accounts receivable. The Company maintains an allowance for doubtful accounts based on its assessment of the collectability of accounts receivable. The Company reviews the allowance for doubtful accounts quarterly. During the three months ended March 31, 2023, the Company recorded an increase for estimated customer uncollectible accounts receivable of less than </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:"Times New Roman", serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">0.1</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> million. During the three months ended March 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">, the Company recorded a reduction for estimated customer uncollectible accounts receivable of less than $</span><span style="font-size:10.0pt;font-family:"Times New Roman", serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">0.1</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> million.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p> | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2267000 | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1828000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
389144000 | |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
132520000 | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
45586000 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38407000 | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
45586000 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38407000 | |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
143000 | |
CY2023Q1 | aspn |
Contract With Customer Asset Deductions
ContractWithCustomerAssetDeductions
|
-143000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5846000 | |
CY2023Q1 | aspn |
Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
|
2036000 | |
CY2023Q1 | aspn |
Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
|
-3908000 | |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
3974000 | |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
2800000 | |
CY2023Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
21735000 | |
CY2022Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
19877000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
129921000 | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
312068000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
259223000 | |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
2700000 | |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
2100000 | |
CY2023Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
2600000 | |
CY2022 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
2700000 | |
CY2023Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
6705000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
12467000 | |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3058000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3536000 | |
CY2023Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9763000 | |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
16003000 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.59 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.59 | |
CY2023Q1 | aspn |
Convertible Debt Principal Amount
ConvertibleDebtPrincipalAmount
|
100000000 | |
CY2023Q1 | aspn |
Payment In Kind
PaymentInKind
|
7830000 | |
CY2023Q1 | aspn |
Accrued Interest
AccruedInterest
|
2561000 | |
CY2023Q1 | aspn |
Discount On Convertible Note Net Of Accumulated Amortization
DiscountOnConvertibleNoteNetOfAccumulatedAmortization
|
3831000 | |
CY2023Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
144000 | |
CY2023Q1 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
106416000 | |
CY2023Q1 | us-gaap |
Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
|
Interest on the 2022 Convertible Note is payable semi-annually in arrears on June 30 and December 30. The Company, at its option, is permitted to settle each semi-annual interest payment in cash, in-kind, or any combination thereof. | |
CY2022Q2 | aspn |
Payment In Kind
PaymentInKind
|
2900000 | |
CY2022Q4 | aspn |
Payment In Kind
PaymentInKind
|
4900000 | |
CY2023Q1 | aspn |
Accrued Interest
AccruedInterest
|
2600000 | |
CY2023Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
100000 | |
CY2023Q1 | aspn |
Purchase Price Of Notes Percentage
PurchasePriceOfNotesPercentage
|
1 | |
CY2023Q1 | aspn |
Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
|
420000 | |
CY2022 | aspn |
Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
|
420000 | |
CY2023Q1 | aspn |
Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
|
1590000 | |
CY2022 | aspn |
Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
|
1590000 | |
CY2023Q1 | aspn |
Amortization Of Cloud Computing Costs
AmortizationOfCloudComputingCosts
|
346000 | |
CY2022 | aspn |
Amortization Of Cloud Computing Costs
AmortizationOfCloudComputingCosts
|
242000 | |
CY2023Q1 | aspn |
Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
|
1665000 | |
CY2022 | aspn |
Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
|
1768000 | |
CY2023Q1 | aspn |
Operating Lease Expiry Year
OperatingLeaseExpiryYear
|
2034 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2888000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2874000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2638000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2245000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1899000 | |
CY2023Q1 | aspn |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
12042000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
24586000 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
9371000 | |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
15215000 | |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1100000 | |
CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
800000 | |
CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1000000.0 | |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
800000 | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y2M12D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.113 | |
CY2023Q1 | aspn |
Lessee Operating Real Estate Lease Liability Payments Not Yet Commenced
LesseeOperatingRealEstateLeaseLiabilityPaymentsNotYetCommenced
|
17300000 | |
CY2023Q1 | aspn |
Lessee Operating Real Estate Lease Liability Not Yet Commenced Term Of Contract1
LesseeOperatingRealEstateLeaseLiabilityNotYetCommencedTermOfContract1
|
P10Y | |
CY2023Q1 | aspn |
Lessee Operating Lease Liability Payments Not Yet Commenced
LesseeOperatingLeaseLiabilityPaymentsNotYetCommenced
|
0 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16796000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19484000 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69162739 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
69162739 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32940040 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32940040 | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9334062 | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7569263 | |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
45586000 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38407000 | |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
5086000 | |
CY2022Q1 | us-gaap |
Gross Profit
GrossProfit
|
-1788000 | |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
23994000 | |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
16836000 | |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18908000 | |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18624000 | |
CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2112000 | |
CY2022Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-860000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16796000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19484000 | |
CY2023Q1 | us-gaap |
Assets
Assets
|
620732000 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
643416000 |