Fly Intel: After Hours Movers » 19:0302/2002/20/20
EHTH, AERI, ZIXI, BAND, DBX, NCMI, TXRH, SFM, GLOB, SSRM, PRA, CATM, SBAC, FND, BXRX, S, TRUE, FSLR, LTHM, ZS, APPN, CNDT, BOOM, PBYI, BLDR, FSLY, BYD, ENV, CUBE, BJRI, ROG, COG, OLED, OEC, NBR, CVA, VICI, ASPN, FIT
UP AFTER EARNINGS:…
UP AFTER EARNINGS: eHealth (EHTH) up 17.7%... Aeri Pharma (AERI) up 15.1%... Zix Corp (ZIXI) up 11.9%... Bandwidth (BAND) up 11.7%... Drobox (DBX) up 10.9%... National CineMedia (NCMI) up 8.0%... Texas Roadhouse (TXRH) up 7.2%... Sprouts Farmers (SFM) up 6.1%... Globant (GLOB) up 5.1%... SSR Mining (SSRM) up 4.4%... Pro Assurance (PRA) up 3.2%... Cardtronics (CATM) up 2.4%... SBA Communications (SBAC) up 1.9%... Floor&Decor (FND) up 1.4%. ALSO HIGHER: Baudax Bio (BXRX) up 21.5% after FDA approval of Anjeso for pain management... Sprint (S) up 5.2% after modifying T-Mobile combination closing as early as Apr. 1st. DOWN AFTER EARNINGS: TrueCar (TRUE) down 23.5%... First Solar (FSLR) down 13.7%... Livent Corp (LTHM) down 13.2%... Zscaler (ZS) down 12.3%... Appian Corp (APPN) down 10.6%... Conduent (CNDT) down 9.7%... DMC Global (BOOM) down 9.7%... Puma Biotechnology (PBYI) down 8.1%... Builders FirstSource (BLDR) down 7.7%... Fastly (FSLY) down 5.7%... Boyd Gaming (BYD) down 5.0%... Envestnet (ENV) down 4.3%... CubeSmart (CUBE) down 4.1%... BJ's Restaurants (BJRI) down 3.9%... Rogers Corp (ROG) down 3.9%... Cabot Oil (COG) down 3.8%... Universal Displays (OLED) down 2.9%... Orion Engineered Carbons (OEC) down 2.6%... Nabors (NBR) down 2.6%... Covanta Holding (CVA) down 2.4%... Vici Properties (VICI) down 1.9%... Aspen Aerogels (ASPN) down 1.6%... Fitbit (FIT) down 1.2%. Movers as of 18:30ET.
Aspen Aerogels backs FY20 EPS view (37c)-(22c), consensus (21c) » 16:2702/2002/20/20
Backs FY20 revenue view…
Backs FY20 revenue view $138M-$148M, consensus $147.8M. Adjusted EBITDA is expected to range between $5M-$9M.
Aspen Aerogels reports Q4 EPS (4c), consensus (4c) » 16:2602/2002/20/20
Reports Q4 revenue…
Reports Q4 revenue $46.5M, consensus $44.48M.
|Over a week ago|
Aspen Aerogels 1.7M share Secondary priced at $8.25 » 07:2602/1302/13/20
The deal size was…
The deal size was increased from $10M to $14M and priced below the last closing price of $10.01. Craig-Hallum is acting as sole book running manager for the offering.
Aspen Aerogels announces common stock offering, no amount given » 16:1202/1202/12/20
Aspen Aerogels announced…
Aspen Aerogels announced that it intends to offer and sell shares of its common stock in an underwritten public offering. If the offering is completed, Aspen intends to use the net proceeds from the offering for working capital and general corporate purposes. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.
Aspen Aerogels falls -10.4% » 12:0001/2801/28/20
Aspen Aerogels is down…
Aspen Aerogels is down -10.4%, or -$1.03 to $8.84.
Aspen Aerogels price target raised to $15 from $9 at Craig-Hallum » 08:3101/2801/28/20
Craig-Hallum analyst Eric…
Craig-Hallum analyst Eric Stine raised his price target for Aspen Aerogels to $15 from $9, while keeping a Buy rating on the shares. The analyst notes that along with "strong" preliminary Q4 results, initial 2020 guidance and news of another IP protection win, Aspen Aerogels has achieved one of its primary objectives with two agreements in the battery materials space with significant/global companies related to its proprietary carbon aerogels. While likely not resulting in revenues for 3-5 years, Stine sees this as a "meaningful achievement" as it is "strong validation" of its aerogel technology platform, opens up a high-growth end-market as the transportation industry moves towards electrification, and positions the company as a solutions provider addressing the most pressing areas of concern for electric vehicles.
Aspen Aerogels sees FY20 revenue $138.0M-$148.0M, consensus $154.25M » 16:2501/2701/27/20
Sees FY20 net loss…
Sees FY20 net loss $5.7M-$9.7M; and adjusted EBITDA $5.0M-$9.0M. This 2020 financial outlook assumes depreciation and amortization of $10.3M, stock-based compensation expense of $4.0M, and interest expense of $400,000 for the year. "After significant growth in 2019, we expect our revenue growth rate to moderate in 2020 due principally to our expectation that subsea revenue will be closer to our historical average of $11M in 2020 versus approximately $17M in 2019. We also expect to see little to no growth from the PTT LNG Nong Fab receiving terminal project during 2020 as we complete the second half of the $35M-$40M order during the year. In addition, we have decided to wind down our government research services business in 2020 that contributed approximately $2.4M in revenue in 2019. This decision reflects our desire to focus our R&D resources on improving the profitability of our existing business and leveraging our aerogel technology into new markets," said the company. "Importantly, we expect the growth rate in the remainder of our business to range from the mid-single digits to the mid-teens during the year. We will also target our commercial efforts during 2020 to continue to build our project pipeline with the aim of ensuring solid project related growth in 2021 and beyond. In addition, we will remain laser focused on improving our profitability. We expect that our ongoing initiatives to reduce raw material costs will help to improve our gross margin to the mid-20s for the full year from approximately 19% during 2019. As a result, we again expect to deliver strong year-over-year improvements in both net loss and Adjusted EBITDA in 2020."
Aspen Aerogels sees Q4 revenue $46.5M, consensus $39.82M » 16:2201/2701/27/20
Aspen expects to announce…
Aspen expects to announce growth in total revenue for the Q4 of approximately 30% to about $46.5M versus $35.7M in the Q4 of FY18. Aspen also expects to report growth in total revenue for the full year of approximately 34% to about $139.4M versus $104.4M last year. Q4 net loss is expected to be approximately $1.0M versus $14.1M in the Q4 of FY18. Sees Q4 adjusted EBITDA $2.6M compared to ($3.2M) last year. Adjusted EBITDA for the full year is expected to be (200,000) compared to ($11.5M) last year. "We are extremely pleased with the results we achieved during 2019. We anticipate that we will significantly exceed our 2019 revenue performance objectives that included total revenue growth of more than 20% and project related revenue constituting more than of 33% of total revenue for the year. This solid performance was driven by strong demand in our core North American petrochemical and refinery markets, and significant growth in project related revenue in the subsea market, in the Middle East and from the PTT LNG Nong Fab receiving terminal project," stated the company. "We anticipate that the combination of our strong revenue growth and the impact of our 2019 bill of material cost reduction initiatives will drive an increase in our Q4 gross margin to approximately 24% from 16% in the Q4 of FY18 and to approximately 19% for the full year from 12% in 2018. As a result, we expect to report a substantial improvement in both our net loss and Adjusted EBITDA versus 2018," continued.
|Over a month ago|
Fly Intel: Top analyst initiations » 10:1801/2301/23/20
ASPN, KGC, SOTK, K, GIS, CAG, POST
Catch up on today's…
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Aspen Aerogels (ASPN) initiated with a Buy at B. Riley FBR. 2. Kinross Gold (KGC) reinstated with a Neutral at Credit Suisse. 3. Sono-Tek (SOTK) initiated with a Buy at Dougherty. 4. Kellogg (K), General Mills (GIS), and Conagra Brands (CAG) initiated with Hold ratings at Jefferies, and Post Holdings (POST) initiated with a Buy. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.