Aspen Aerogels, Inc. (ASPN) Financial Statements (2023 and earlier)

Company Profile

Business Address 30 FORBES ROAD
NORTHBOROUGH, MA 01532
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 503 - Lumber And Other Construction Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281,33576,56416,4963,6333,32710,694
Cash and cash equivalents281,33576,56416,4963,6333,32710,694
Restricted cash and investments1,226     
Receivables57,35020,42615,69832,25425,56526,764
Inventory, net of allowances, customer advances and progress billings22,53811,98713,0998,7687,3188,915
Inventory22,53811,98713,0998,7687,3188,915
Other undisclosed current assets7,2363,1731,8301,1141,0411,289
Total current assets:369,685112,15047,12345,76937,25147,662
Noncurrent Assets
Operating lease, right-of-use asset11,99013,5313,4784,032
Property, plant and equipment259,22355,77846,73953,61761,69976,067
Other noncurrent assets2,5181,49584847386
Total noncurrent assets:273,73170,80450,30157,73361,77276,153
TOTAL ASSETS:643,416182,95497,424103,50299,023123,815
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70,73128,2599,23520,65316,25616,515
Accounts payable54,72817,4405,35112,59612,39210,653
Accrued liabilities16,00310,8193,8848,0573,8645,862
Deferred revenue5,8461,3212,0375,620
Debt    4,1614,1813,750
Deferred compensation liability  434436   
Deferred revenue and credits1,304
Contract with customer, liability2,629
Other undisclosed current liabilities2,3686,5412,219   
Total current liabilities:78,94536,55513,92730,43423,06621,569
Noncurrent Liabilities
Long-term debt and lease obligation 12,9915,6564,292  
Long-term debt, excluding current maturities  2,059   
Liabilities, other than long-term debt14,356434434 1,2181,303
Deferred revenue and credits1,303
Deferred compensation liability, classified 900434    
Deferred rent credit     1,218
Other liabilities   434   
Operating lease, liability13,45612,9913,5974,292
Other undisclosed noncurrent liabilities 102,6804,5669,5559,7864,485 
Total noncurrent liabilities:117,03617,99115,64514,0785,7031,303
Total liabilities:195,98154,54629,57244,51228,76922,872
Equity
Equity, attributable to parent447,435128,40867,85258,99070,254100,943
Additional paid in capital1,075,226673,461575,811545,140541,839538,088
Accumulated deficit(627,791)(545,053)(507,959)(486,150)(471,585)(437,145)
Total equity:447,435128,40867,85258,99070,254100,943
TOTAL LIABILITIES AND EQUITY:643,416182,95497,424103,50299,023123,815

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues180,364121,622100,273139,375104,361111,631
Revenue, net111,631
Cost of revenue
(Cost of Goods and Services Sold)
(175,388)    (92,960)
Other undisclosed gross profit  (111,685)(85,679)(113,091)(91,692) 
Gross profit:4,9769,93714,59426,28412,66918,671
Operating expenses(84,221)(50,536)(36,163)(40,443)(46,585)(37,807)
Operating loss:(79,245)(40,599)(21,569)(14,159)(33,916)(19,136)
Nonoperating income (expense)(3,493)3,505(240)(406)(524)(185)
Interest and debt expense(5,110)3,734(9)   
Loss from continuing operations:(87,848)(33,360)(21,818)(14,565)(34,440)(19,321)
Loss before gain (loss) on sale of properties:(33,360)(21,818)(14,565)(34,440)(19,321)
Other undisclosed net income (loss)5,110(3,734)9   
Net loss:(82,738)(37,094)(21,809)(14,565)(34,440)(19,321)
Other undisclosed net income attributable to parent      
Net loss available to common stockholders, diluted:(82,738)(37,094)(21,809)(14,565)(34,440)(19,321)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(82,738)(37,094)(21,809)(14,565)(34,440)(19,321)
Comprehensive loss, net of tax, attributable to parent:(82,738)(37,094)(21,809)(14,565)(34,440)(19,321)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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