Colin Rusch

Eric Stine

George Gianarikas

Jeffrey Osborne

Leanne Hayden

Ryan Pfingst

Thomas Patrick Curran

Alex Potter

Chip Moore

David Anderson

Itay Michaeli

J. David Anderson

Tom Curran

- Aspen Aerogels (ASPN) specializes in advanced aerogel materials for thermal insulation, with significant revenue streams from traditional energy infrastructure and a rapidly growing Electric Vehicle (EV) thermal barrier business.  **[1145986_tx_379068_1]** 
- The company achieved over **$300 million** in EV thermal barrier sales and **$145 million** in traditional energy revenues last year.  **[1145986_tx_379068_1]**  For FY 2025, they expect just over **$300 million** in total revenues and target **35%+ gross margins** and **25% EBITDA margins**.  **[1145986_tx_379068_1]** **[1145986_tx_379068_2]** 
- Beyond General Motors, Aspen Aerogels has secured awards with several other major automotive OEMs, including **Toyota, Audi, Scania, Volvo Trucks, Stellantis, Porsche, and Mercedes Benz**, with some programs launching in Q4 2025 and ramping up through 2027.  **[1145986_tx_379068_5]** 
- While General Motors' EV volumes are experiencing a temporary reset due to policy changes, Aspen Aerogels does not anticipate a larger reset than the previous year, and GM remains committed to its EV strategy.  **[1145986_tx_379068_1]** **[1145986_tx_379068_7]**

Aspen Aerogels Discusses FY 2025 Outlook and EV Thermal Barrier Market Expansion

ASPEN AEROGELS (ASPN)