Stock Track | Aspen Aerogels Plummets 43% After Q3 Miss and Lowered Guidance

Stock Track2025-11-07

Shares of Aspen Aerogels (ASPN) plunged 43.62% in pre-market trading on Thursday following the release of disappointing third-quarter results and a significant reduction in its full-year outlook. The specialty chemicals maker, known for its aerogel-based insulation products, faced headwinds from a challenging U.S. electric vehicle (EV) market.

Aspen Aerogels reported a third-quarter net loss of $6.3 million, or $0.08 per share, missing analyst expectations of a $0.03 per share loss. Revenue fell sharply by 37.8% year-over-year to $73.02 million, although it marginally beat the consensus estimate of $71.84 million. The company cited a "challenging backdrop" in the U.S. EV environment as a key factor impacting its performance.

In a move that further rattled investors, Aspen Aerogels cut its annual revenue forecast to between $270 million and $280 million, down from its previous guidance of $297 million to $317 million. The company also revised its 2025 adjusted EBITDA forecast to $7-15 million from $35-45 million, reflecting the ongoing challenges in its core markets. Despite these setbacks, management noted a recent PyroThin award from a major European OEM and anticipated growth opportunities in Energy Industrial sectors, particularly in LNG and subsea projects for 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment