Aspen Aerogels, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Recent Business Highlights

$452.7 million in FY 2024 revenue, a 90% year-over-year increase FY 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of Adjusted EBITDA Record Energy Industrial revenue in Q4 of $53.1 million Ended the year with $220.9 million of cash and generated $20….