Feb. 24 at 6:44 PM
$ASPN reports tomorrow. I am long, but want to make certain no one goes into this expecting positive surprise from results. It will be a very weak quarter as described by CFO in 3Q call:
"For the fourth quarter, we currently expect total revenue between
$40 million to
$50 million. . . . , we expect between negative
$14 million and to negative
$6 million of adjusted EBITDA respectively. . . .
When taking our year-to-date actuals and Q4 guide, revenue could range from
$270 million to
$280 million, with adjusted EBITDA of
$7 million to
$15 million for the year. "
If anything, its a "kitchen sink quarter" when management looks for any and all write downs and takes them to clean up financials. It helps clear the way for clearer path to recovery (no negative surprises from future write downs related to past business decisions like terminated manufacturing plant).
