Aspen Aerogels, Inc. logo ASPN - Aspen Aerogels, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 19
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $4.88 DETAILS
HIGH: $5.75
LOW: $4.00
MEDIAN: $4.88
CONSENSUS: $4.88
DOWNSIDE: 15.72%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q3 2011 Q2 2011 Q1 2010 Q2 2010 Q1
Revenue
Revenue 37.9 41.3 73.0 78.0 78.7 123.1 117.3 117.8 94.5 84.2 60.8 48.2 45.6 59.6 36.7 45.6 38.4 31.5 30.4 31.7 28.1 23.0 24.2 24.6 28.4 46.5 35.4 29.5 27.9 35.7 23.9 21.7 23.1 36.4 27.2 25.1 23.0 27.6 29.6 27.7 32.8 37.4 31.5 30.1 23.5 28.0 25.4 26.6 22.4 24.2 21.9 23.0 17.0 16.3 13.9 12.3 9.5 8.7
Cost of Revenue 33.6 64.3 52.2 52.7 55.9 76.0 68.3 66.2 59.4 54.6 46.9 39.8 40.5 45.3 43.1 46.9 40.2 33.1 27.3 27.1 24.1 19.2 22.3 21.8 22.4 35.2 27.7 26.0 24.2 30.1 22.4 18.9 20.3 28.6 22.2 21.4 20.8 23.9 23.2 21.1 26.3 27.5 26.4 25.0 19.0 22.7 20.4 23.2 19.0 20.6 18.3 19.4 17.0 17.6 12.4 10.0 9.0 8.1
Gross Profit 4.3 (22.9) 20.8 25.3 22.8 47.1 49.0 51.6 35.1 29.6 13.8 8.4 5.1 14.3 (6.4) (1.2) (1.8) (1.7) 3.1 4.6 4.0 3.9 1.9 2.9 6.0 11.3 7.7 3.5 3.7 5.6 1.5 2.7 2.8 7.8 4.9 3.7 2.2 3.7 6.4 6.7 6.5 9.9 5.2 5.1 4.5 5.2 5.1 3.4 3.3 3.6 3.6 3.5 0.0 (1.3) 1.4 2.3 0.5 0.6
Operating Expenses
R&D Expenses 2.7 2.8 2.5 3.8 4.3 4.4 4.6 4.6 4.5 4.1 4.2 4.0 4.1 4.2 4.7 4.4 3.6 3.3 3.1 2.6 2.4 2.3 2.1 2.1 2.2 2.6 2.0 1.9 1.9 1.7 1.4 1.6 1.6 1.4 1.5 1.7 1.6 1.4 1.3 1.3 1.3 1.3 1.1 1.6 1.3 1.5 1.3 1.9 1.3 1.4 1.4 1.2 1.2 1.7 1.0 0.7 0.8 0.9
SG&A Expenses 22.0 21.7 20.1 20.8 21.4 27.2 27.1 27.0 25.5 24.2 24.2 21.5 19.9 19.8 17.3 17.0 13.2 11.3 11.5 8.6 7.7 7.7 6.5 6.4 6.8 9.6 7.8 6.9 7.8 10.5 6.5 8.0 8.0 8.0 6.5 7.4 9.7 8.1 7.5 6.7 7.0 6.9 6.5 6.3 6.0 6.4 6.2 9.6 5.0 6.0 6.9 5.0 5.3 4.6 3.2 2.8 2.4 2.7
Other Expenses 0 (303.9) 1.6 5.9 296.4 0.8 0 0 2.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 24.7 (279.4) 24.1 30.5 322.2 32.4 31.6 31.6 32.7 28.2 28.4 25.5 24.0 24 21.9 21.4 16.8 14.6 14.6 11.2 10.1 10.0 8.6 8.5 9.1 12.1 9.9 8.7 9.7 12.2 7.9 9.6 9.6 9.4 8.0 9.1 11.3 9.4 8.8 8.0 8.3 8.2 7.6 7.8 7.3 7.9 7.4 11.5 6.3 7.4 8.2 6.2 6.5 7.4 4.2 3.5 3.2 3.6
Operating Income
Operating Income (20.4) 256.5 (3.3) (5.2) (299.3) 14.7 17.4 20.0 2.4 1.4 (14.6) (17.0) (18.9) (9.7) (28.3) (22.6) (18.6) (16.3) (11.5) (6.6) (6.2) (6.1) (6.7) (5.6) (3.1) (0.8) (2.2) (5.2) (6.0) (13.9) (6.4) (6.9) (6.8) (1.6) (3.0) (5.4) (9.1) (5.7) (2.4) (1.3) (1.8) 1.7 (2.5) (2.7) (2.7) (2.7) (2.4) (8.1) (2.9) (6.6) (4.7) (2.6) (6.0) (7.3) (2.8) (1.3) (2.8) (3.0)
Interest Expense (3.2) 2.7 3.0 3.1 2.0 3.5 2.6 3.0 3.5 2.9 1.9 0.2 0.3 1.0 1.7 1.6 0.9 0.0 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 34.0 16.1 9.7 8.0 0 5.3 1.5 1.8 0.5 0.7 0.7
Interest Income 0 0 0 0 0 0 0 0.7 0 1.0 1.3 1.8 2.4 1.1 0.4 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15.6 9.2 0 0.0 0.0 0.0 0.0
Profitability
EBITDA (14.0) (42.1) 2.6 0.6 (292.4) 20.1 (4.8) 26.7 8.2 7.6 (5.8) (10.9) (13.8) (6.1) (25.3) (20.5) (16.5) (13.2) (5.1) (4.5) (3.5) (3.6) (4.2) (3.1) (0.5) 1.0 0.6 (2.4) (3.2) (11.4) (3.8) (4.3) (3.6) 1.1 (0.3) (2.8) (6.4) (3.2) 0.1 1.1 0.7 4.1 0.2 (0.1) (0.6) (0.2) 0.1 (5.6) (0.3) (1.2) (2.2) (0.2) 8.8 (4.4) (0.8) 0.1 (1.6) (1.8)
EBIT (20.4) (70.3) (2.8) (5.2) (298.2) 14.7 (10.1) 20.7 2.4 2.4 (11.1) (15.2) (16.5) (8.6) (27.9) (22.5) (18.6) (16.3) (7.8) (6.6) (6.2) (6.1) (6.7) (5.6) (3.1) (0.8) (2.2) (5.2) (6.0) (13.9) (6.4) (6.9) (6.8) (1.6) (3.0) (5.4) (9.1) (5.7) (3.1) (1.3) (1.8) 1.7 (2.5) (2.7) (2.7) (2.7) (2.4) (8.1) (2.9) (7.2) (4.7) (3.4) 6.4 (8.7) (2.8) (1.3) (2.8) (3.0)
Income Before Tax (23.9) (73.0) (5.7) (8.2) (300.2) 11.2 (12.7) 17.7 (1.1) (0.5) (13.1) (15.4) (16.8) (9.6) (29.6) (24.1) (19.5) (16.4) (7.8) (6.7) (6.2) (6.2) (6.8) (5.7) (3.2) (1.0) (2.3) (5.3) (6.0) (14.1) (6.5) (7.0) (6.8) (1.7) (3.1) (5.5) (9.1) (5.7) (3.1) (1.4) (1.8) 1.6 (2.5) (2.7) (2.8) (2.7) (2.4) (42.1) (19.0) (17.0) (12.7) (19.0) 1.0 (10.2) 0 0 0 0
Income Tax Expense (0.3) (0.1) 0.6 0.8 1.1 (0.2) 0.3 0.9 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.5) 0 0 (0.0) 0 0 0 0.1 0 1.8 0.5 0.7 0.7
Net Income (23.7) (72.9) (6.3) (9.1) (301.2) 11.4 (13.0) 16.8 (1.8) (0.5) (13.1) (15.4) (16.8) (9.6) (29.6) (24.1) (19.5) (16.4) (7.8) (6.7) (6.2) (6.2) (6.8) (5.7) (3.2) (1.0) (2.3) (5.3) (6.0) (14.1) (6.5) (7.0) (6.8) (1.7) (3.1) (5.5) (9.1) (5.7) (3.1) (1.4) (1.8) 1.6 (2.5) (2.7) (2.8) (2.7) (2.4) (42.1) (19.0) (17.0) (12.7) (19.0) 1.0 (10.2) (4.5) (1.7) (3.4) (3.7)
Per Share Data
EPS (Basic) -0.29 -0.88 -0.08 -0.11 -3.67 0.14 -0.17 0.22 -0.02 -0.01 -0.19 -0.22 -0.22 -0.19 -0.78 -0.68 -0.62 -0.50 -0.24 -0.23 -0.22 -0.23 -0.25 -0.21 -0.13 -0.04 -0.09 -0.22 -0.25 -0.59 -0.27 -0.29 -0.29 -0.07 -0.13 -0.23 -0.39 -0.25 -0.13 -0.06 -0.08 0.07 -0.11 -0.12 -0.12 -0.12 -0.10 -1.83 -0.83 -0.74 -0.55 -0.83 0.88 -0.66 -0.20 -0.11 -0.15 -0.24
EPS (Diluted) -0.29 -0.88 -0.08 -0.11 -3.67 0.14 -0.17 0.21 -0.02 -0.01 -0.19 -0.22 -0.22 -0.19 -0.78 -0.68 -0.62 -0.50 -0.24 -0.23 -0.22 -0.23 -0.25 -0.21 -0.13 -0.04 -0.09 -0.22 -0.25 -0.59 -0.27 -0.29 -0.29 -0.07 -0.13 -0.23 -0.39 -0.25 -0.13 -0.06 -0.08 0.07 -0.11 -0.12 -0.12 -0.12 -0.10 -1.83 -0.83 -0.74 -0.55 -0.83 0.88 -0.66 -0.20 -0.11 -0.15 -0.24
Shares Outstanding 82.7 82.7 82.4 82.2 82.1 80.9 76.3 76.3 75.8 70.0 69.3 69.2 69.2 49.2 39.5 35.2 32.9 32.7 32.5 28.5 28.0 27.1 26.7 26.5 25.2 24.2 24.2 24.1 23.9 23.8 23.8 23.7 23.6 23.5 23.4 23.4 23.3 23.0 23.2 23.1 22.5 23.1 22.9 22.9 23.0 23.0 23.0 23.0 23 23 23 23 23 15.4 23 15.4 23 15.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 175.6 156.9 150.7 167.6 192.0 220.9 113.5 91.4 101.5 139.7 94.6 134.3 207.5 281.3 102.4 162.2 205.2 76.6 95.5 102.3 17.2 16.5 11.3 13.4 11.8 3.6 1.2 3.3 3.4 3.3 5.2 7.3 9.6 10.7 7.3 7.0 11.2 18.1 21.1 19.7 29.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 36.4 35.3 69.1 76.2 77.4 109.1 115.2 116.9 84.0 70.0 54.4 44.2 47.3 57.4 27.1 29.5 24.5 20.4 18.7 19.4 20.7 15.7 20.1 19.2 20.5 32.3 24.4 22.2 22.3 25.6 21.5 20.1 20.1 26.8 17.1 16.5 17.2 17.5 19.6 24.7 23.2
Inventory 31.1 38.2 43.0 52.1 56.7 47.6 47.4 53.0 45.8 39.2 34.4 33.3 27.0 22.5 20.6 17 15.5 12.0 9.7 9.4 10.8 13.1 9.4 9.5 13.4 8.8 13.5 13.1 9.3 7.3 9.9 12.8 10.0 8.9 14.0 13.3 15.1 12.9 12.9 11.8 6.1
Other Current Assets 9.5 11.7 1.7 14.6 17.8 31.9 29.7 27.2 23.9 17.4 16.9 16.3 14.2 8.5 0 0 0 0 0 0 0 1.8 0 0 0 0 1.5 1.3 0.9 1.0 1.4 1.2 1.1 1.3 1.5 1.3 1.2 1.7 1.8 0 0
Total Current Assets 252.5 242.1 278.9 310.5 343.9 409.4 305.9 288.5 255.1 266.3 200.4 228.0 296.0 369.7 156.3 213.3 248.1 112.2 127.1 133.1 49.9 47.1 42.4 43.4 46.6 45.8 40.5 39.9 35.8 37.3 38.0 41.4 40.8 47.7 39.9 38.0 44.8 50.2 55.5 57.9 59.4
Non-Current Assets
Property, Plant & Equipment 116.6 122.5 178.3 180.2 204.3 480.1 471.9 456.6 439.6 434.4 402.4 386.6 322.3 271.2 226.4 140.1 90.7 69.3 59.2 58.1 49.9 50.2 51.8 54.1 55.8 57.6 59.4 61.8 64.2 61.7 71 72.0 73.3 76.1 78.1 80.5 82.7 84.4 81.9 81.1 79.5
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 41.3 42.1 34.1 34.4 6.8 5.6 4.8 3.4 3.3 2.3 2.4 2.4 2.4 2.5 2.7 2.6 2.2 1.5 1.3 1.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Non-Current Assets 157.9 164.6 212.5 214.7 211.1 485.7 476.7 460.1 442.9 436.7 404.8 389.0 324.7 273.7 229.1 142.7 93.0 70.8 60.5 59.1 50.0 50.3 51.9 54.2 55.9 57.7 59.5 61.9 64.3 61.8 71.1 72.1 73.4 76.2 78.2 80.6 82.8 84.5 82.0 81.3 79.6
Total Assets 410.5 406.7 491.4 525.1 555.0 895.1 782.6 748.6 698.0 703.0 605.1 617.1 620.7 643.4 385.4 355.9 341.0 183.0 187.7 192.2 99.9 97.4 94.3 97.5 102.5 103.5 100.1 101.8 100.1 99.0 109.0 113.5 114.2 123.8 118.0 118.7 127.6 134.7 137.5 139.2 139.0
Current Liabilities
Account Payables 13.6 13.2 19.1 27.0 39.9 44.4 42.3 57.2 44.7 51.1 37.1 48.1 52.8 54.7 58.3 51.1 30.1 17.4 9.8 9.5 7.0 5.4 8.4 4.7 8.7 12.6 9.1 10.0 8.6 12.4 7.9 8.4 7.0 10.7 8.9 8.4 14.2 13.1 11.5 12.2 12.7
Short-Term Debt 34.3 34.6 26 26 13.5 27.1 26.2 0 0 0 0 0 0 0 0 0 0 0 0 3.7 2.9 1.6 0.4 0 0 3.1 5.9 3.9 4.3 4.2 5.2 3.8 3.8 3.8 0 0 0 0 0 0 0
Deferred Revenue 22.0 1.3 0 0.6 2.6 2.2 2.4 3.1 3.1 2.3 5.5 4.6 4.0 5.8 7.4 6.6 6.2 6.0 6.3 6.4 6.6 2.0 2.3 3.4 4.8 5.6 6.1 6.9 3.6 2.6 2.8 1.5 1.0 1.3 1.6 0.8 0.8 1.0 0.8 0.4 0.4
Other Current Liabilities 11.7 13.0 0.8 4.5 3.6 19.4 15.0 11.9 5.7 16.9 14.0 7.8 6.7 12.5 9.2 6.7 5.0 9.0 8.2 5.3 3.8 1.3 2.4 2.4 2.2 6.5 1.7 1.8 2.0 1.1 1.4 1.1 1.2 1.2 1.5 1.1 1.5 1.2 1.7 2.6 2.5
Total Current Liabilities 87.8 62.0 70.7 78.0 81.4 110.1 104.3 83.4 63.6 78.1 61.3 65.6 68.8 78.9 81.0 71.2 46.2 36.6 28.3 28.2 22.9 13.9 16.1 13.3 18.2 30.4 25.7 24.9 20.7 23.1 19.4 18.4 15.7 21.6 15.2 14.0 19.1 18.1 16.5 16.8 16.9
Non-Current Liabilities
Long-Term Debt 68.3 79.8 84.3 106.3 124.4 137.1 136.4 121.1 118.0 115.0 112.1 109.2 106.4 103.6 105.2 102.7 100.6 0 0 0 0.8 2.1 3.3 3.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.4 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.6 0.3 0 0 9.8 9.8 9.8 5.7 5.3 5.2 3.2 1.3 1.3 1.3 1.1 1.0 0.7 0.3 0.1
Total Non-Current Liabilities 109.2 109.1 114.9 138.3 158.7 170.3 170.6 147.4 143.2 136.9 134.1 131.5 119.4 117.0 122.1 120.0 113.2 18.0 16.9 16.9 10.3 15.6 17.3 17.7 13.9 14.1 15.3 16.5 14.8 5.7 6.2 6.2 3.7 1.3 1.3 1.3 1.1 1.0 0.7 0.4 0.2
Total Liabilities 197.0 171.2 185.7 216.4 240.1 280.4 274.9 230.8 206.8 215.0 195.3 197.1 188.2 196.0 203.0 191.2 159.4 54.5 45.2 45.1 33.2 29.6 33.4 31.0 32.1 44.5 41.0 41.4 35.4 28.8 25.5 24.5 19.5 22.9 16.5 15.3 20.2 19.1 17.2 17.2 17.1
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 544.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (1,073.5) (1,049.8) (976.9) (970.5) (961.5) (660.2) (671.6) (658.6) (675.4) (673.6) (673.1) (660.0) (644.6) (627.8) (618.2) (588.6) (564.5) (545.1) (528.7) (520.9) (514.2) (508.0) (501.8) (495.0) (489.3) (486.1) (485.2) (482.9) (477.6) (471.6) (457.5) (450.9) (444.0) (437.1) (435.5) (432.4) (426.9) (417.5) (411.8) (408.7) (407.3)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (92.7) (90.2) (87.8) (85.3) (82.5) (79.9) (77.2) (74.6) (72.0) (69.5) (67.0) (64.6)
Total Stockholders' Equity 213.5 235.5 305.7 308.8 314.8 614.7 507.6 517.8 491.2 488.1 409.8 420.0 432.5 447.4 182.4 164.8 181.6 128.4 142.5 147.1 66.6 67.9 60.9 66.5 70.4 59.0 59.1 60.3 64.7 70.3 83.5 88.9 94.7 100.9 101.5 103.3 107.4 115.6 120.3 122.0 122.0
Total Liabilities & Equity 410.5 406.7 491.4 525.1 555.0 895.1 782.6 748.6 698.0 703.0 605.1 617.1 620.7 643.4 385.4 355.9 341.0 183.0 187.7 192.2 99.9 97.4 94.3 97.5 102.5 103.5 100.1 101.8 100.1 99.0 109.0 113.5 114.2 123.8 118.0 118.7 127.6 134.7 137.5 139.2 139.0
Debt Metrics
Total Debt 128.8 143.7 150.2 173.2 180.9 197.4 203.7 150.8 146.2 138.8 136.1 133.7 121.6 119.4 124.6 122.5 115.4 15.2 13.8 16.8 8.9 8.3 8.6 8.8 5.2 8.5 10.5 8.7 9.2 4.2 5.2 3.8 3.8 3.8 0.0 0.0 0.0 0.0 0.1 0.1 0.1
Net Debt (46.8) (13.2) (0.6) 5.5 (11.2) (23.5) 90.2 59.4 44.7 (1.0) 41.4 (0.6) (85.9) (161.9) 22.2 (39.7) (89.8) (61.3) (81.7) (85.5) (8.3) (8.2) (2.7) (4.5) (6.6) 4.8 9.3 5.4 5.9 0.9 (0.0) (3.5) (5.9) (6.9) (7.3) (6.9) (11.2) (18.0) (21.1) (19.7) (29.3)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (23.7) 0 (6.3) (9.1) (301.2) 11.4 (13.0) 16.8 (1.8) (0.5) (13.1) (15.4) (16.8) (9.6) (29.6) (24.1) (19.5) (16.4) (7.8) (6.7) (6.2) (6.2) (6.8) (5.7) (3.2) (1.0) (2.3) (5.3) (6.0) (14.1) (6.5) (7.0) (6.8) (1.7) (3.1) (5.5) (9.1) (5.7) (3.1) (1.4) (1.8)
Depreciation & Amortization 6.5 0 6.3 6.7 5.8 6.3 5.3 6.0 5.8 5.2 5.3 3.7 3.3 2.5 2.5 2.0 2.1 2.6 2.1 2.1 2.6 2.5 2.5 2.8 2.6 1.9 2.8 2.8 2.7 2.5 2.6 2.5 3.2 2.7 2.7 2.6 2.7 2.6 2.5 2.4 2.4
Stock-Based Compensation 0 0 2.6 3.2 2.0 2.5 2.6 3.0 4.7 0 0 2.7 0 2.7 2.6 2.3 1.8 1.6 1.6 1.1 1.0 2.0 1.0 0 1.0 0.9 1.0 1.0 0.9 0.9 1.1 1.1 1.1 1.1 1.4 1.4 1.2 1.0 1.5 1.4 1.4
Change in Working Capital 48.3 32.4 13.0 5.6 11.2 12.0 (4.2) (23.7) (37.8) (13.6) (4.5) (4.1) (13.8) (21.5) (15.5) 7.5 (8.7) (3.8) 1.3 4.6 0.6 (3.9) 1.3 0.0 (2.0) 2.0 (5.3) 2.6 (0.6) 0.6 0.3 (0.6) 0.2 (1.8) 0.1 (0.1) 0.8 2.9 2.3 (7.5) (2.2)
Other Non-Cash Items 3.6 (16.3) (0.6) (10.4) 287.9 3.5 30.0 4.7 11.4 6.1 4.7 5.4 2.6 1.8 2.5 2.2 1.4 3.9 0.5 0.3 0.3 0.4 0.3 1.0 0.2 0.9 (2.6) 7.4 (2.1) (0.1) 0.0 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) (4.4) 0.7 0.0 (0.0)
Operating Cash Flow 34.1 16.1 15.0 (3.9) 5.6 35.7 20.8 6.8 (17.7) (2.8) (7.5) (7.7) (24.7) (24.1) (37.5) (10.0) (22.8) (12.0) (6.0) 1.3 (1.9) (5.1) (1.5) (1.9) (1.4) 4.7 (3.8) 1.1 (3.0) 0.1 (2.5) (3.8) (2.4) 0.3 1.1 (1.6) (4.4) 0.8 3.8 (5) (0.2)
Investing Activities
Capital Expenditure (1.4) (2.5) (9.1) (12.9) (13.0) (14.8) (20.8) (24.8) (25.9) (27.8) (32.3) (66.0) (49.4) (58.6) (67.0) (37.9) (14.5) (7.6) (2.3) (2.4) (1.5) (0.8) (0.6) (1.1) (0.9) (0.5) (0.3) (0.7) (0.6) (0.9) (1.0) (1.0) (0.7) (0.7) (0.6) (2.7) (2.1) (3.2) (2.3) (4.6) (3.1)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) 0 0 0 (0.7) 0 0 0 (3.2) 0 0 0
Investing Cash Flow (1.4) (2.5) (9.1) (12.9) (13.0) (14.8) (20.8) (24.8) (25.9) (27.8) (32.3) (66.0) (49.4) (58.6) (67.0) (37.9) (14.5) (7.6) (2.3) (2.4) (1.5) (0.8) (0.6) (1.1) (0.9) (0.5) (0.3) (0.7) (0.6) (0.9) (1.0) (1.0) (0.7) (0.7) (0.6) (2.7) (2.1) (3.2) (2.3) (4.6) (3.1)
Financing Activities
Net Debt Issuance (15.6) (7.9) (22.6) (7.8) (20.9) (6.5) 27.6 (0.5) 5.0 (0.6) 0 0 0 0 0 0 100 0 0 0 0 0 0 3.7 (3.1) (1.7) 2.0 (0.4) 0 (1.0) 1.4 0 0 3.7 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Stock Repurchased 0 0 (0.1) (0.0) 0 (0.0) 0 0 0 0 0 (0.0) 0 0 0 0 0 (0.0) 0 0 0 0 0 0 0 0 0 (0.0) (0.5) (0.0) (0.0) 0 (0.5) (0.0) (0.1) 0 (0.3) (0.0) (0.1) 0 (0.1)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.2) (0.1) 1.2 0.2 (0.6) 93.0 (5.5) 8.6 0.3 (0.0) (0.0) 0.1 (0.4) (5.1) (0.3) 0.1 68.3 0.8 0.8 (1.3) (2.2) 1.5 0.1 0.3 (1.5) (0.0) 0 0 4.1 0 (0.0) 2.5 2.0 (0.0) 0 0 (0.3) (0.6) (0.2) 0 (0.1)
Financing Cash Flow (15.8) (7.5) (21.5) (7.6) (21.5) 86.5 22.2 8.1 5.3 75.6 0.1 0.1 (0.4) 262.9 44.7 4.9 165.9 0.7 1.6 86.1 4.1 11.1 0.1 4.5 10.4 (1.7) 2.0 (0.5) 3.7 (1.0) 1.4 2.5 2.0 3.7 (0.1) (0.0) (0.3) (0.6) (0.2) (0.0) (0.1)
Cash Position
Net Change in Cash 17.0 6.1 (15.6) (24.4) (28.8) 107.4 22.1 (9.8) (38.4) 45.0 (39.7) (73.5) (74.4) 180.2 (59.8) (43.0) 128.6 (19.0) (6.7) 85.0 0.7 5.2 (2.0) 1.6 8.2 2.4 (2.1) (0.0) 0.0 (1.9) (2.1) (2.3) (1.1) 3.4 0.4 (4.3) (6.9) (3.0) 1.4 (9.6) (3.4)
Cash at Beginning 158.6 152.4 168.0 192.4 221.3 113.9 91.8 101.6 140.0 95.0 134.6 208.2 282.6 102.4 162.2 205.2 76.6 95.5 102.3 17.2 16.5 11.3 13.4 11.8 3.6 1.2 3.3 3.4 3.3 5.2 7.3 9.6 10.7 7.3 7.0 11.2 18.1 21.1 19.7 29.4 32.8
Cash at End 175.6 158.6 152.4 168.0 192.4 221.3 113.9 91.8 101.6 140.0 95.0 134.6 208.2 282.6 102.4 162.2 205.2 76.6 95.5 102.3 17.2 16.5 11.3 13.4 11.8 3.6 1.2 3.3 3.4 3.3 5.2 7.3 9.6 10.7 7.3 7.0 11.2 18.1 21.1 19.7 29.4
Free Cash Flow 32.8 13.7 5.9 (16.8) (7.4) 20.9 (0.1) (18.0) (43.6) (30.6) (39.8) (73.7) (74.0) (82.7) (104.4) (47.9) (37.3) (19.7) (8.3) (1.1) (3.3) (6.0) (2.2) (2.9) (2.3) 4.2 (4.1) 0.4 (3.6) (0.9) (3.5) (4.8) (3.1) (0.4) 0.5 (4.3) (6.6) (2.4) 1.6 (9.6) (3.3)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q3 2011 Q2 2011 Q1 2010 Q2 2010 Q1
Income Statement
Revenue 37.9 41.3 73.0 78.0 78.7 123.1 117.3 117.8 94.5 84.2 60.8 48.2 45.6 59.6 36.7 45.6 38.4 31.5 30.4 31.7 28.1 23.0 24.2 24.6 28.4 46.5 35.4 29.5 27.9 35.7 23.9 21.7 23.1 36.4 27.2 25.1 23.0 27.6 29.6 27.7 32.8 37.4 31.5 30.1 23.5 28.0 25.4 26.6 22.4 24.2 21.9 23.0 17.0 16.3 13.9 12.3 9.5 8.7
Gross Profit 4.3 (22.9) 20.8 25.3 22.8 47.1 49.0 51.6 35.1 29.6 13.8 8.4 5.1 14.3 (6.4) (1.2) (1.8) (1.7) 3.1 4.6 4.0 3.9 1.9 2.9 6.0 11.3 7.7 3.5 3.7 5.6 1.5 2.7 2.8 7.8 4.9 3.7 2.2 3.7 6.4 6.7 6.5 9.9 5.2 5.1 4.5 5.2 5.1 3.4 3.3 3.6 3.6 3.5 0.0 (1.3) 1.4 2.3 0.5 0.6
Operating Income (20.4) 256.5 (3.3) (5.2) (299.3) 14.7 17.4 20.0 2.4 1.4 (14.6) (17.0) (18.9) (9.7) (28.3) (22.6) (18.6) (16.3) (11.5) (6.6) (6.2) (6.1) (6.7) (5.6) (3.1) (0.8) (2.2) (5.2) (6.0) (13.9) (6.4) (6.9) (6.8) (1.6) (3.0) (5.4) (9.1) (5.7) (2.4) (1.3) (1.8) 1.7 (2.5) (2.7) (2.7) (2.7) (2.4) (8.1) (2.9) (6.6) (4.7) (2.6) (6.0) (7.3) (2.8) (1.3) (2.8) (3.0)
Net Income (23.7) (72.9) (6.3) (9.1) (301.2) 11.4 (13.0) 16.8 (1.8) (0.5) (13.1) (15.4) (16.8) (9.6) (29.6) (24.1) (19.5) (16.4) (7.8) (6.7) (6.2) (6.2) (6.8) (5.7) (3.2) (1.0) (2.3) (5.3) (6.0) (14.1) (6.5) (7.0) (6.8) (1.7) (3.1) (5.5) (9.1) (5.7) (3.1) (1.4) (1.8) 1.6 (2.5) (2.7) (2.8) (2.7) (2.4) (42.1) (19.0) (17.0) (12.7) (19.0) 1.0 (10.2) (4.5) (1.7) (3.4) (3.7)
EPS (Diluted) -0.29 -0.88 -0.08 -0.11 -3.67 0.14 -0.17 0.21 -0.02 -0.01 -0.19 -0.22 -0.22 -0.19 -0.78 -0.68 -0.62 -0.50 -0.24 -0.23 -0.22 -0.23 -0.25 -0.21 -0.13 -0.04 -0.09 -0.22 -0.25 -0.59 -0.27 -0.29 -0.29 -0.07 -0.13 -0.23 -0.39 -0.25 -0.13 -0.06 -0.08 0.07 -0.11 -0.12 -0.12 -0.12 -0.10 -1.83 -0.83 -0.74 -0.55 -0.83 0.88 -0.66 -0.20 -0.11 -0.15 -0.24
Balance Sheet
Cash & Equivalents 175.6 156.9 150.7 167.6 192.0 220.9 113.5 91.4 101.5 139.7 94.6 134.3 207.5 281.3 102.4 162.2 205.2 76.6 95.5 102.3 17.2 16.5 11.3 13.4 11.8 3.6 1.2 3.3 3.4 3.3 5.2 7.3 9.6 10.7 7.3 7.0 11.2 18.1 21.1 19.7 29.4
Total Assets 410.5 406.7 491.4 525.1 555.0 895.1 782.6 748.6 698.0 703.0 605.1 617.1 620.7 643.4 385.4 355.9 341.0 183.0 187.7 192.2 99.9 97.4 94.3 97.5 102.5 103.5 100.1 101.8 100.1 99.0 109.0 113.5 114.2 123.8 118.0 118.7 127.6 134.7 137.5 139.2 139.0
Total Debt 128.8 143.7 150.2 173.2 180.9 197.4 203.7 150.8 146.2 138.8 136.1 133.7 121.6 119.4 124.6 122.5 115.4 15.2 13.8 16.8 8.9 8.3 8.6 8.8 5.2 8.5 10.5 8.7 9.2 4.2 5.2 3.8 3.8 3.8 0.0 0.0 0.0 0.0 0.1 0.1 0.1
Stockholders' Equity 213.5 235.5 305.7 308.8 314.8 614.7 507.6 517.8 491.2 488.1 409.8 420.0 432.5 447.4 182.4 164.8 181.6 128.4 142.5 147.1 66.6 67.9 60.9 66.5 70.4 59.0 59.1 60.3 64.7 70.3 83.5 88.9 94.7 100.9 101.5 103.3 107.4 115.6 120.3 122.0 122.0
Cash Flow
Operating Cash Flow 34.1 16.1 15.0 (3.9) 5.6 35.7 20.8 6.8 (17.7) (2.8) (7.5) (7.7) (24.7) (24.1) (37.5) (10.0) (22.8) (12.0) (6.0) 1.3 (1.9) (5.1) (1.5) (1.9) (1.4) 4.7 (3.8) 1.1 (3.0) 0.1 (2.5) (3.8) (2.4) 0.3 1.1 (1.6) (4.4) 0.8 3.8 (5) (0.2)
Capital Expenditure (1.4) (2.5) (9.1) (12.9) (13.0) (14.8) (20.8) (24.8) (25.9) (27.8) (32.3) (66.0) (49.4) (58.6) (67.0) (37.9) (14.5) (7.6) (2.3) (2.4) (1.5) (0.8) (0.6) (1.1) (0.9) (0.5) (0.3) (0.7) (0.6) (0.9) (1.0) (1.0) (0.7) (0.7) (0.6) (2.7) (2.1) (3.2) (2.3) (4.6) (3.1)
Free Cash Flow 32.8 13.7 5.9 (16.8) (7.4) 20.9 (0.1) (18.0) (43.6) (30.6) (39.8) (73.7) (74.0) (82.7) (104.4) (47.9) (37.3) (19.7) (8.3) (1.1) (3.3) (6.0) (2.2) (2.9) (2.3) 4.2 (4.1) 0.4 (3.6) (0.9) (3.5) (4.8) (3.1) (0.4) 0.5 (4.3) (6.6) (2.4) 1.6 (9.6) (3.3)