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Aspen Aerogels, Inc. (ASPN) Q2 2025 Earnings Call Transcript

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Aspen Aerogels, Inc. (NYSE:ASPN) Q2 2025 Earnings Conference Call August 7, 2025 8:30 AM ET

Company Participants

Donald R. Young – President, CEO & Director
Neal Baranosky – Senior Director of Corporate of Strategy & Finance
Ricardo C. Rodriguez – CFO & Treasurer

Conference Call Participants

Colin William Rusch – Oppenheimer & Co. Inc., Research Division
Eric Stine – Craig-Hallum Capital Group LLC, Research Division
Itay Michaeli – TD Cowen, Research Division
J. David Anderson – Barclays Bank PLC, Research Division
Leanne Hayden – Canaccord Genuity Corp., Research Division
Ryan James Pfingst – B. Riley Securities, Inc., Research Division
Thomas Patrick Curran – Seaport Research Partners

Operator

Good morning. Thank you for attending the Aspen Aerogels Inc. Q2 2025 Financial Results Call. [Operator Instructions]

I would now like to turn the conference over to your host, Neal Baranosky, Aspen’s Senior Director, Head of Investor Relations and Corporate Strategy. Thank you. You may proceed, Mr. Baranosky.

Neal Baranosky

Thank you, Megan. Good morning, and thank you for joining us for the Aspen Aerogels Second Quarter 2025 Financial Results Conference Call. With us today are Don Young, President and CEO; and Ricardo Rodriguez, Chief Financial Officer and Treasurer. The press release announcing Aspen’s financial results and business developments and the slide deck that will accompany our conversation today are available on the Investors section of Aspen’s website, www.aerogel.com. During this call, we will refer to non- GAAP financial measures, including adjusted EBITDA and adjusted net income. The reconciliations between GAAP and non-GAAP measures are included in the back of the slide presentation and earnings release.

On today’s call, management will make forward-looking statements about our expectations. These statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include the factors identified in our filings with

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