Aspen Aerogels rises on increased FY revenue outlook

Aspen Aerogels

23/10/2023 23:31

** Shares of specialty chemicals co Aspen Aerogels  ASPN.N 
up 9.3% at $7.29 in after-market trade
    ** Co now expects FY total revenue to be greater than $225
mln vs previous range of $200 mln-$250 mln
    ** "Aspen's 2023 full-year outlook has so far not been
impacted by the UAW (United Auto Workers) strike or any
announcements related to the re-timing of EV capacity
investments by automotive OEMs," says co
    ** Also forecasts FY net loss per share of between $0.90 and
$0.76 vs previous range of $1.21 to $1.07
    ** Stock down 43.4% YTD




 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))