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Aspen Aerogels reports Q3 revenue of $85.2M and net loss of $10.4M after East Providence incident

🇺🇸 Aspen Aerogels Inc (ASPN) · Thu 05 Nov 2026

The US insulation-materials maker booked $15.1 million of incident-related costs and expects restoration of its East Providence facility to finish in the first half of 2027.

Aspen Aerogels reported third-quarter 2026 results on 5 November, with revenue of $85.2 million against $73.0 million in the same quarter a year earlier. The company posted a net loss of $10.4 million and adjusted EBITDA of $19.8 million.

The quarter included $15.1 million of costs linked to the incident at its East Providence facility. The company said it is pursuing insurance claims in connection with the incident. It expects restoration of the facility to be completed in the first half of 2027.

For the fourth quarter of 2026, Aspen guided to revenue of $60 million to $75 million, a range that sits below the third-quarter figure. The company also pointed to its first order for data centre infrastructure and early revenue from battery energy storage.

The summary available does not give further detail on the cause or scope of the East Providence incident, or on the status of the insurance claims.

What it means for your team

  • The item is a corporate earnings update, and no regulatory or pharmacovigilance implications are stated.
  • Teams that rely on the company's products or facilities may want to track the East Providence restoration timeline, which is expected in the first half of 2027.
  • The incident costs and the insurance claims are company-reported, and the outcome of the claims is not yet known.

Company's press release (SEC filing): Aspen Aerogels Inc ↗

Article written by VigiEye from the official source (Aspen Aerogels Inc). Claims are the company's own. AI-assisted; check the source before acting.

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