$ASPN
ASPEN AEROGELS INC

2024 Q2 Form 10-Q Financial Statement

#000095017024052139 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $117.8M $94.50M
YoY Change 144.55% 107.3%
Cost Of Revenue $66.19M $59.36M
YoY Change 66.52% 46.56%
Gross Profit $51.58M $35.14M
YoY Change 513.51% 590.98%
Gross Profit Margin 43.8% 37.19%
Selling, General & Admin $27.03M $25.52M
YoY Change 25.78% 28.25%
% of Gross Profit 52.4% 72.61%
Research & Development $4.565M $4.489M
YoY Change 15.16% 9.51%
% of Gross Profit 8.85% 12.77%
Depreciation & Amortization $5.986M $5.800M
YoY Change 70.54% 114.81%
% of Gross Profit 11.61% 16.5%
Operating Expenses $31.59M $32.71M
YoY Change 24.13% 36.31%
Operating Profit $19.99M $2.436M
YoY Change -217.26% -112.88%
Interest Expense $741.0K -$477.0K
YoY Change -59.55% -119.98%
% of Operating Profit 3.71% -19.58%
Other Income/Expense, Net -$2.302M -$3.515M
YoY Change -242.01% -266.43%
Pretax Income $17.68M -$1.079M
YoY Change -214.68% -93.58%
Income Tax $866.0K $756.0K
% Of Pretax Income 4.9%
Net Earnings $16.82M -$1.835M
YoY Change -209.04% -89.07%
Net Earnings / Revenue 14.28% -1.94%
Basic Earnings Per Share $0.22 -$0.02
Diluted Earnings Per Share $0.21 -$0.02
COMMON SHARES
Basic Shares Outstanding 76.16M 76.66M
Diluted Shares Outstanding 78.98M 75.76M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.38M $101.5M
YoY Change -31.96% -51.11%
Cash & Equivalents $91.40M $101.5M
Short-Term Investments
Other Short-Term Assets $27.20M $23.87M
YoY Change 66.86% 67.95%
Inventory $53.03M $45.75M
Prepaid Expenses
Receivables $116.9M $84.03M
Other Receivables $0.00 $0.00
Total Short-Term Assets $288.5M $255.1M
YoY Change 26.53% -13.83%
LONG-TERM ASSETS
Property, Plant & Equipment $438.0M $422.7M
YoY Change 18.93% 35.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.448M $3.324M
YoY Change 44.39% 37.93%
Total Long-Term Assets $460.1M $442.9M
YoY Change 18.26% 36.4%
TOTAL ASSETS
Total Short-Term Assets $288.5M $255.1M
Total Long-Term Assets $460.1M $442.9M
Total Assets $748.6M $698.0M
YoY Change 21.32% 12.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.25M $44.71M
YoY Change 19.11% -15.35%
Accrued Expenses $19.68M $12.76M
YoY Change 84.45% 30.72%
Deferred Revenue $3.095M $3.130M
YoY Change -33.21% -21.24%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.254M $1.206M
YoY Change
Total Short-Term Liabilities $83.43M $63.58M
YoY Change 27.13% -7.62%
LONG-TERM LIABILITIES
Long-Term Debt $124.3M $121.6M
YoY Change 13.83% 14.26%
Other Long-Term Liabilities $23.07M $21.62M
YoY Change 3.47% 66.98%
Total Long-Term Liabilities $147.4M $143.2M
YoY Change 12.07% 19.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.43M $63.58M
Total Long-Term Liabilities $147.4M $143.2M
Total Liabilities $230.8M $206.8M
YoY Change 17.1% 9.88%
SHAREHOLDERS EQUITY
Retained Earnings -$658.6M -$675.4M
YoY Change -0.21% 4.79%
Common Stock $1.176B $1.167B
YoY Change 8.93% 8.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $517.8M $491.2M
YoY Change
Total Liabilities & Shareholders Equity $748.6M $698.0M
YoY Change 21.32% 12.45%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $16.82M -$1.835M
YoY Change -209.04% -89.07%
Depreciation, Depletion And Amortization $5.986M $5.800M
YoY Change 70.54% 114.81%
Cash From Operating Activities $6.843M -$17.70M
YoY Change -189.1% -28.34%
INVESTING ACTIVITIES
Capital Expenditures $24.83M $25.86M
YoY Change -62.39% -47.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$24.83M -$25.86M
YoY Change -62.39% -47.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.141M 5.259M
YoY Change 5715.0% -1544.78%
NET CHANGE
Cash From Operating Activities 6.843M -17.70M
Cash From Investing Activities -24.83M -25.86M
Cash From Financing Activities 8.141M 5.259M
Net Change In Cash -9.843M -38.35M
YoY Change -86.62% -48.45%
FREE CASH FLOW
Cash From Operating Activities $6.843M -$17.70M
Capital Expenditures $24.83M $25.86M
Free Cash Flow -$17.98M -$43.56M
YoY Change -75.6% -41.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001145986
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
001-36481
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
ASPEN AEROGELS, INC.
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-3559972
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
30 Forbes Road
CY2024Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Building B
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Northborough
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01532
CY2024Q1 dei City Area Code
CityAreaCode
508
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
691-1111
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.00001 per share
CY2024Q1 dei Trading Symbol
TradingSymbol
ASPN
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
76161210
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
101461000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139723000
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
157000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
248000
CY2024Q1 aspn Allowance For Doubtful Accounts Receivable And Sales Return Reserve
AllowanceForDoubtfulAccountsReceivableAndSalesReturnReserve
217000
CY2023Q4 aspn Allowance For Doubtful Accounts Receivable And Sales Return Reserve
AllowanceForDoubtfulAccountsReceivableAndSalesReturnReserve
230000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
84029000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
69995000
CY2024Q1 us-gaap Inventory Net
InventoryNet
45750000
CY2023Q4 us-gaap Inventory Net
InventoryNet
39189000
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23708000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17176000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
255105000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
266331000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
422736000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
417227000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16824000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17212000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3324000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2278000
CY2024Q1 us-gaap Assets
Assets
697989000
CY2023Q4 us-gaap Assets
Assets
703048000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
44713000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
51094000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12762000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
22811000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3130000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2316000
CY2024Q1 aspn Finance Obligation For Sale And Leaseback Transactions Current
FinanceObligationForSaleAndLeasebackTransactionsCurrent
1206000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1769000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1874000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
63580000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
78095000
CY2024Q1 aspn Convertible Debt Noncurrent Related Party
ConvertibleDebtNoncurrentRelatedParty
118030000
CY2023Q4 aspn Convertible Debt Noncurrent Related Party
ConvertibleDebtNoncurrentRelatedParty
114992000
CY2024Q1 aspn Finance Obligation For Sale And Leaseback Transactions Noncurrent
FinanceObligationForSaleAndLeasebackTransactionsNoncurrent
3556000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21620000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21906000
CY2024Q1 us-gaap Liabilities
Liabilities
206786000
CY2023Q4 us-gaap Liabilities
Liabilities
214993000
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
76077929
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
76077929
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
76503151
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
76503151
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
0
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
0
CY2024Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1166640000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1161657000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-675437000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-673602000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
491203000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
488055000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
697989000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
703048000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94501000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45586000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
59358000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
40500000
CY2024Q1 us-gaap Gross Profit
GrossProfit
35143000
CY2023Q1 us-gaap Gross Profit
GrossProfit
5086000
CY2024Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4489000
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4099000
CY2024Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8303000
CY2023Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7713000
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17213000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12182000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
32707000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
23994000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2436000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-18908000
CY2024Q1 aspn Interest Income Expense Related Party
InterestIncomeExpenseRelatedParty
-3038000
CY2023Q1 aspn Interest Income Expense Related Party
InterestIncomeExpenseRelatedParty
-275000
CY2024Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-477000
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2387000
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3515000
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2112000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1079000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16796000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
756000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1835000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16796000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75762893
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75762893
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69162739
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69162739
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
488055000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1835000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2532000
CY2024Q1 aspn Adjustments To Additional Paid In Capital Private Placement Of Common Stock Issuance Costs
AdjustmentsToAdditionalPaidInCapitalPrivatePlacementOfCommonStockIssuanceCosts
28000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1081000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2174000
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1386000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
491203000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
447435000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16796000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2267000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
385000
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
21000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
432542000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-1835000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-16796000
CY2024Q1 us-gaap Depreciation
Depreciation
5786000
CY2023Q1 us-gaap Depreciation
Depreciation
2704000
CY2024Q1 aspn Accretion Of Interest On Convertible Note Related Party
AccretionOfInterestOnConvertibleNoteRelatedParty
2810000
CY2024Q1 aspn Amortization Of Debt Discount Due To Modification Of Convertible Note Related Party
AmortizationOfDebtDiscountDueToModificationOfConvertibleNoteRelatedParty
219000
CY2023Q1 aspn Amortization Of Debt Discount Due To Modification Of Convertible Note Related Party
AmortizationOfDebtDiscountDueToModificationOfConvertibleNoteRelatedParty
266000
CY2024Q1 aspn Deferred Financing Costs Written Off
DeferredFinancingCostsWrittenOff
1709000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
99000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4706000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2267000
CY2024Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
6039000
CY2024Q1 aspn Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-574000
CY2023Q1 aspn Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-632000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14034000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9971000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6561000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4469000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9359000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5097000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2148000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5516000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-10289000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6240000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
814000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1872000
CY2024Q1 aspn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-485000
CY2023Q1 aspn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-609000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17749000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24651000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25863000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49378000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25863000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49378000
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1386000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21000
CY2024Q1 aspn Proceeds From Sale And Leaseback Transactions
ProceedsFromSaleAndLeasebackTransactions
4982000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1081000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
385000
CY2024Q1 aspn Payments Of Fees And Issuance Costs From Private Placement Of Common Stock
PaymentsOfFeesAndIssuanceCostsFromPrivatePlacementOfCommonStock
28000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5259000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-364000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-38353000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-74393000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
139971000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
282561000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
101618000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
208168000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
187000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
0
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
94000
CY2023Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2561000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-8529000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3610000
CY2024Q1 aspn Number Of Subsidiaries
NumberOfSubsidiaries
3
CY2024Q1 aspn Period Of Option To Purchase
PeriodOfOptionToPurchase
P18M
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1800000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17700000
CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25900000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
101500000
CY2024Q1 us-gaap Sale Leaseback Transaction Date
SaleLeasebackTransactionDate
January 2024
CY2024Q1 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
5000000
CY2024Q1 us-gaap Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
P3Y
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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>
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
200000
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 both the three months ended March 31, 2024</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> and 2023, the Company recorded an increase for estimated customer uncollectible accounts receivable of less than $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">0.1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">For the three months ended March 31, 2024 and 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customers represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">64</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">45</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total revenue, respectively.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">At March 31, 2024</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, the Company had </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer which accounted for </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">64</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of accounts receivable. At December 31, 2023, the Company had </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customers which accounted for </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">60</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of accounts receivable, respectively.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94501000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45586000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94501000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45586000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
417227000
CY2024Q1 us-gaap Depreciation
Depreciation
5800000
CY2023Q1 us-gaap Depreciation
Depreciation
2700000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2316000
CY2024Q1 aspn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
2941000
CY2024Q1 aspn Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
-2127000
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3130000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1200000
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
19190000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
24735000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
13936000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7936000
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
12624000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6518000
CY2024Q1 us-gaap Inventory Net
InventoryNet
45750000
CY2023Q4 us-gaap Inventory Net
InventoryNet
39189000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
568193000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
558516000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
145457000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
141289000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
422736000
CY2024Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
6000000
CY2023Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5710000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16876000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7052000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5935000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12762000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
22811000
CY2024Q1 aspn Convertible Debt Principal Amount
ConvertibleDebtPrincipalAmount
100000000
CY2023Q4 aspn Convertible Debt Principal Amount
ConvertibleDebtPrincipalAmount
100000000
CY2024Q1 aspn Payment In Kind
PaymentInKind
18318000
CY2023Q4 aspn Payment In Kind
PaymentInKind
18318000
CY2024Q1 aspn Accrued Interest
AccruedInterest
2810000
CY2024Q1 aspn Discount On Convertible Note Net Of Accumulated Amortization
DiscountOnConvertibleNoteNetOfAccumulatedAmortization
2990000
CY2023Q4 aspn Discount On Convertible Note Net Of Accumulated Amortization
DiscountOnConvertibleNoteNetOfAccumulatedAmortization
3209000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
108000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
117000
CY2024Q1 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
118030000
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
114992000
CY2024Q1 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 Contractual Interest Payment In Kind
ContractualInterestPaymentInKind
2900000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15328000
CY2022Q4 aspn Contractual Interest Payment In Kind
ContractualInterestPaymentInKind
4900000
CY2023Q2 aspn Contractual Interest Payment In Kind
ContractualInterestPaymentInKind
5100000
CY2023Q4 aspn Contractual Interest Payment In Kind
ContractualInterestPaymentInKind
5400000
CY2024Q1 aspn Accrued Interest
AccruedInterest
2800000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
100000
CY2024Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1100000
CY2024Q1 aspn Purchase Price Of Notes Percentage
PurchasePriceOfNotesPercentage
1
CY2024Q1 aspn Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
420000
CY2023 aspn Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
420000
CY2024Q1 aspn Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
1957000
CY2023 aspn Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
1590000
CY2024Q1 aspn Amortization Of Cloud Computing Costs
AmortizationOfCloudComputingCosts
767000
CY2023 aspn Amortization Of Cloud Computing Costs
AmortizationOfCloudComputingCosts
662000
CY2024Q1 aspn Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
1610000
CY2023 aspn Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
1348000
CY2024Q1 aspn Charge Recognized In Cost Of Revenues For Inventory Obsolescence And Impairment Of Equipment
ChargeRecognizedInCostOfRevenuesForInventoryObsolescenceAndImpairmentOfEquipment
6800000
CY2024Q1 aspn Contractual Recoverable Amount
ContractualRecoverableAmount
1900000
CY2024Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
266800000
CY2024Q1 us-gaap Investment Company Committed Capital
InvestmentCompanyCommittedCapital
202700000
CY2024Q1 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2024Q1 aspn Operating Lease Expiry Year
OperatingLeaseExpiryYear
2034
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3303000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4424000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4077000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3793000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3946000
CY2023Q3 aspn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
19174000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38717000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23389000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1400000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1300000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1000000.0
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.120
CY2024Q1 aspn Lessee Operating Real Estate Lease Liability Payments Not Yet Commenced
LesseeOperatingRealEstateLeaseLiabilityPaymentsNotYetCommenced
3200000
CY2024Q1 aspn Lessee Operating Real Estate Lease Liability Not Yet Commenced Term Of Contract1
LesseeOperatingRealEstateLeaseLiabilityNotYetCommencedTermOfContract1
P5Y
CY2024Q1 aspn Sale And Leaseback Transaction One Time Cash Payment
SaleAndLeasebackTransactionOneTimeCashPayment
5000000
CY2024Q1 aspn Outstanding Finance Obligation
OutstandingFinanceObligation
4800000
CY2024Q1 us-gaap Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
P3Y
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4706000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2267000
CY2024Q1 aspn Unamortized Stock Based Compensation Costs
UnamortizedStockBasedCompensationCosts
2200000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1835000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16796000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75762893
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75762893
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69162739
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69162739
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10456041
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9334062
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94501000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45586000
CY2024Q1 us-gaap Gross Profit
GrossProfit
35143000
CY2023Q1 us-gaap Gross Profit
GrossProfit
5086000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
32707000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
23994000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2436000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-18908000
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3515000
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2112000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
756000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1835000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16796000
CY2024Q1 us-gaap Assets
Assets
697989000
CY2023Q4 us-gaap Assets
Assets
703048000

Files In Submission

Name View Source Status
0000950170-24-052139-index-headers.html Edgar Link pending
0000950170-24-052139-index.html Edgar Link pending
0000950170-24-052139.txt Edgar Link pending
0000950170-24-052139-xbrl.zip Edgar Link pending
aspn-20240331.htm Edgar Link pending
aspn-20240331.xsd Edgar Link pending
aspn-ex31_1.htm Edgar Link pending
aspn-ex31_2.htm Edgar Link pending
aspn-ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
aspn-20240331_htm.xml Edgar Link completed
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending