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ASPEN AEROGELS INC (ASPN)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Research services         2.0
    Product         120.5
Total revenues   [+]180.4121.6100.3139.4104.4111.6117.7122.5
            Revenue growth   [+]48.3%21.3%-28.1%33.6%-6.5%-5.2%-3.9%19.6%
Cost of goods sold   [+]175.4111.785.7113.191.793.094.497.9
Gross profit  5.09.914.626.312.718.723.324.6
            Gross margin  2.8%8.2%14.6%18.9%12.1%16.7%19.8%20.1%
Selling, general and administrative   [+]28.816.611.832.032.931.629.225.6
Research and development     8.46.36.25.35.3
Other operating expenses  62.426.924.9     
Adjusted EBITDA     -0.2-11.5-3.33.99.1
            Adjusted EBITDA margin     -0.1%-11.0%-2.9%3.4%7.4%
Stock-based compensation     3.84.35.15.35.4
EBITDA   [+]   -3.9-15.8-8.4-1.43.7
            EBITDA margin  -47.8%-27.6%-22.0%-2.8%-15.1%-7.5%-1.2%3.0%
Depreciation and amortization     10.210.810.89.99.9
EBIT   [+]-86.2-33.6-22.0-14.2-26.6-19.1-11.2-6.2
            EBIT margin  -47.8%-27.6%-22.0%-10.2%-25.5%-17.1%-9.5%-5.1%
Non-recurring items   [+]    7.4   
Interest expense     0.40.50.20.10.2
Other income (expense), net  3.5-3.50.2   -0.7 
Pre-tax income  -82.7-37.1-21.8-14.6-34.4-19.3-12.0-6.4
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -82.7-37.1-21.8-14.6-34.4-19.3-12.0-6.4
            Net margin  -45.9%-30.5%-21.7%-10.5%-33.0%-17.3%-10.2%-5.2%
   
Basic EPS   [+]($2.10)($1.22)($0.83)($0.60)($1.45)($0.83)($0.52)($0.28)
Diluted EPS   [+]($2.10)($1.22)($0.83)($0.60)($1.45)($0.83)($0.52)($0.28)
   
Shares outstanding (basic)   [+]39.430.426.424.123.723.423.123.0
Shares outstanding (diluted)   [+]39.430.426.424.123.723.423.123.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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