2021 Q4 Form 10-K Financial Statement

#000156459022007814 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $31.48M $121.6M $23.02M
YoY Change 36.74% 21.29% -50.5%
Cost Of Revenue $33.14M $111.7M $19.16M
YoY Change 72.97% 30.32% -45.57%
Gross Profit -$1.666M $9.937M $3.863M
YoY Change -143.13% -31.94% -65.84%
Gross Profit Margin -5.29% 8.17% 16.78%
Selling, General & Admin $11.33M $39.10M $7.700M
YoY Change 47.18% 42.51% -19.62%
% of Gross Profit 393.43% 199.33%
Research & Development $3.313M $11.44M $2.290M
YoY Change 44.67% 31.07% -10.89%
% of Gross Profit 115.14% 59.28%
Depreciation & Amortization $2.584M $9.400M $2.530M
YoY Change 2.13% -7.84% -1.17%
% of Gross Profit 94.6% 65.49%
Operating Expenses $14.65M $50.54M $9.990M
YoY Change 46.61% 39.75% -17.71%
Operating Profit -$16.31M -$40.60M -$6.131M
YoY Change 166.06% 88.28% 638.67%
Interest Expense -$41.00K -$229.0K -$60.00K
YoY Change -31.67% -4.58% -53.85%
% of Operating Profit
Other Income/Expense, Net $3.505M
YoY Change -1560.42%
Pretax Income -$16.35M -$37.09M -$6.190M
YoY Change 164.18% 70.16% 544.79%
Income Tax
% Of Pretax Income
Net Earnings -$16.35M -$37.09M -$6.189M
YoY Change 164.23% 70.09% 547.38%
Net Earnings / Revenue -51.96% -30.5% -26.89%
Basic Earnings Per Share -$1.22
Diluted Earnings Per Share -$500.5K -$1.219M -$228.8K
COMMON SHARES
Basic Shares Outstanding 30.43M
Diluted Shares Outstanding 30.43M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.56M $76.56M $16.50M
YoY Change 364.02% 364.02% 358.33%
Cash & Equivalents $76.56M $76.56M $16.50M
Short-Term Investments
Other Short-Term Assets $3.173M $3.173M $1.800M
YoY Change 76.28% 76.28% 63.64%
Inventory $11.99M $11.99M $13.10M
Prepaid Expenses
Receivables $20.43M $20.43M $15.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $112.2M $112.2M $47.12M
YoY Change 137.99% 138.11% 2.96%
LONG-TERM ASSETS
Property, Plant & Equipment $55.78M $69.31M $46.74M
YoY Change 19.34% 38.07% -12.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.495M $1.495M $84.00K
YoY Change 1679.76% 1395.0% 0.0%
Total Long-Term Assets $70.80M $70.80M $50.30M
YoY Change 40.76% 40.76% -12.87%
TOTAL ASSETS
Total Short-Term Assets $112.2M $112.2M $47.12M
Total Long-Term Assets $70.80M $70.80M $50.30M
Total Assets $183.0M $183.0M $97.42M
YoY Change 87.79% 87.84% -5.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.44M $17.44M $5.351M
YoY Change 225.92% 222.96% -57.52%
Accrued Expenses $10.82M $13.07M $3.884M
YoY Change 178.55% 166.65% -51.79%
Deferred Revenue $1.321M $2.037M
YoY Change -35.15% -63.75%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $1.609M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $36.56M $36.56M $13.93M
YoY Change 162.48% 162.99% -54.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.059M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $17.99M $17.99M $434.0K
YoY Change 4045.39% 32.29% -96.92%
Total Long-Term Liabilities $17.99M $17.99M $2.493M
YoY Change 621.66% 14.59% -82.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.56M $36.56M $13.93M
Total Long-Term Liabilities $17.99M $17.99M $2.493M
Total Liabilities $54.55M $54.55M $29.57M
YoY Change 84.45% 84.28% -33.56%
SHAREHOLDERS EQUITY
Retained Earnings -$545.1M -$508.0M
YoY Change 7.3% 4.49%
Common Stock $673.5M $575.8M
YoY Change 16.96% 5.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.4M $128.4M $67.85M
YoY Change
Total Liabilities & Shareholders Equity $183.0M $183.0M $97.42M
YoY Change 87.79% 87.84% -5.87%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$16.35M -$37.09M -$6.189M
YoY Change 164.23% 70.09% 547.38%
Depreciation, Depletion And Amortization $2.584M $9.400M $2.530M
YoY Change 2.13% -7.84% -1.17%
Cash From Operating Activities -$12.05M -$18.60M -$5.140M
YoY Change 134.42% 87.42% -209.13%
INVESTING ACTIVITIES
Capital Expenditures -$7.645M $13.78M -$820.0K
YoY Change 832.32% 303.34% 57.69%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.645M -$13.78M -$820.0K
YoY Change 832.32% 303.34% 57.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 727.0K 92.47M 11.14M
YoY Change -93.47% 252.91% -736.57%
NET CHANGE
Cash From Operating Activities -12.05M -18.60M -5.140M
Cash From Investing Activities -7.645M -13.78M -820.0K
Cash From Financing Activities 727.0K 92.47M 11.14M
Net Change In Cash -18.97M 60.07M 5.180M
YoY Change -466.16% 366.98% 112.3%
FREE CASH FLOW
Cash From Operating Activities -$12.05M -$18.60M -$5.140M
Capital Expenditures -$7.645M $13.78M -$820.0K
Free Cash Flow -$4.404M -$32.38M -$4.320M
YoY Change 1.94% 142.71% -182.6%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16496000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3633000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
236000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
216000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
440000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2019 aspn Initial Recognition Of Operating Lease Liabilities Related To Right Of Use Assets
InitialRecognitionOfOperatingLeaseLiabilitiesRelatedToRightOfUseAssets
5995000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12092000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
417000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
353000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4701000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-96000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
63000
CY2021 aspn Number Of Subsidiaries
NumberOfSubsidiaries
3
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-37100000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18600000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13800000
CY2021 aspn Proceeds From Issuance Of Private Placement Net Of Fees And Issuance Costs
ProceedsFromIssuanceOfPrivatePlacementNetOfFeesAndIssuanceCosts
73500000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76600000
CY2021Q4 aspn Contract With Customer Prepayment Liability Current
ContractWithCustomerPrepaymentLiabilityCurrent
4700000
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 year ended December 31, 2021, the Company did not record any charges for uncollectible accounts receivable. During the year ended December 31, 2020, the Company recorded a charge for estimated customer uncollectible accounts receivable of $0.3 million. <span style="color:#000000;">During the year ended December 31, 2019, the Company did not record any charges for uncollectible accounts receivable.</span><span style="font-weight:bold;"> </span>Allowance for doubtful accounts was $0.1 million and $0.3 million at December 31, 2021 and 2020, respectively. The Company does not have any off-balance-sheet credit exposure related to its customers.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the year ended December 31, 2021, one customer represented 28% of total revenue. For the year ended December 31, 2020, two customers represented 21% and 15% of total revenue, respectively. For the year ended December 31, 2019, two customers represented 20% and 13% of total revenue, respectively.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At December 31, 2021, the Company had two customers which accounted for 27% and 17% of accounts receivable, respectively. At December 31, 2020, the Company had one customer which accounted for 26% of accounts receivable.</p>
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000
CY2021 aspn Standard Product Warranty Period
StandardProductWarrantyPeriod
P1Y
CY2021 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
100000
CY2020 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
0
CY2019 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
0
CY2020 aspn Contract With Customer Asset Deductions
ContractWithCustomerAssetDeductions
-4999000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1831000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11592000
CY2021 aspn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
6027000
CY2021 aspn Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
-6570000
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121622000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
100273000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121622000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
100273000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139375000
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1437000
CY2020 aspn Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
5393000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11049000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1700000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7312000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4068000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4675000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9031000
CY2021Q4 us-gaap Inventory Net
InventoryNet
11987000
CY2020Q4 us-gaap Inventory Net
InventoryNet
13099000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
177458000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
159579000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
121680000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
112840000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55778000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46739000
CY2021 us-gaap Depreciation
Depreciation
9400000
CY2020 us-gaap Depreciation
Depreciation
10200000
CY2019 us-gaap Depreciation
Depreciation
10200000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8991000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2587000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1828000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1297000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10819000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3884000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3686000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1609000
CY2020Q4 aspn Debt Issuance Costs Net Of Accumulated Amortization
DebtIssuanceCostsNetOfAccumulatedAmortization
18000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2059000
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-200000
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-200000
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-400000
CY2021 aspn Operating Lease Expiry Year
OperatingLeaseExpiryYear
2031
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3076000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2630000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2038000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1803000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1634000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8333000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19514000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4276000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15238000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2200000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1400000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2100000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1500000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059
CY2021 aspn Lessee Operating Lease Liability Payments Not Yet Commenced
LesseeOperatingLeaseLiabilityPaymentsNotYetCommenced
100000
CY2021Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P4Y
CY2021 aspn Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
389000
CY2021 aspn Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
637000
CY2021 aspn Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
1027000
CY2021Q4 aspn Contract With Customer Prepayment Liability
ContractWithCustomerPrepaymentLiability
9728000
CY2020Q4 aspn Contract With Customer Prepayment Liability
ContractWithCustomerPrepaymentLiability
9845000
CY2021Q4 aspn Contract With Customer Prepayment Liability Current
ContractWithCustomerPrepaymentLiabilityCurrent
4728000
CY2020Q4 aspn Prepayment Liability Included Within Deferred Revenue
PrepaymentLiabilityIncludedWithinDeferredRevenue
290000
CY2021Q4 aspn Contract With Customer Prepayment Liability Noncurrent
ContractWithCustomerPrepaymentLiabilityNoncurrent
5000000
CY2020Q4 aspn Contract With Customer Prepayment Liability Noncurrent
ContractWithCustomerPrepaymentLiabilityNoncurrent
9555000
CY2020Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1200000
CY2019Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1200000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2200000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1400000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
1500000
CY2021Q4 aspn Shares Authorized
SharesAuthorized
130000000
CY2020Q4 aspn Shares Authorized
SharesAuthorized
130000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5980
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5227
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4990
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0086
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0108
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0244
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.28
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.15
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.90
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.91
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
200000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
200000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5176000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5004000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3771000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Company used its historical volatility as a basis to estimate expected volatility in the valuation of stock options. In 2020 and 2019, due to the Company’s limited historical data, the Company used an estimated volatility based on the historical volatility of comparable companies with publicly available share prices. The 2020 and 2019 expected volatility was primarily based on the weighted average volatility of up to 17 companies with business, financial and market attributes that the Company believes are similar to its own.
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.44
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.24
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12675489000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1987654000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3704444
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.33
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.28
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
36830172000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
238705
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.28
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.04
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
24379
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
14.22
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
18.84
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
176
CY2021 aspn Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Expired Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExpiredWeightedAverageGrantDateFairValue
7336.64
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
14768.41
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
351387
CY2021 aspn Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisedWeightedAverageGrantDateFairValue
3.25
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.55
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12675489000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3567207
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
6.07
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.45
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
146520052000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2726409
CY2021Q4 aspn Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
5.94
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.56
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
114897811000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
840798
CY2021Q4 aspn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Vested Or Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsVestedOrExpectedToVestWeightedAverageGrantDateFairValue
6.47
CY2021Q4 aspn Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageExercisePrice
12.29
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
31622241000
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
900000
CY2021 aspn Employer Payroll Tax Obligation Period
EmployerPayrollTaxObligationPeriod
March 27, 2020 to December 31, 2020
CY2021 aspn Percentage Of Deferred Tax Balance
PercentageOfDeferredTaxBalance
0.50
CY2021 aspn Remittance Date Of Deferred Tax Balance
RemittanceDateOfDeferredTaxBalance
2021-12-31
CY2021 aspn Remaining Percentage Of Deferred Tax Balance
RemainingPercentageOfDeferredTaxBalance
0.50
CY2021 aspn Remittance Date Of Deferred Tax Balance Remaining Percentage
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2022-12-31
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