Aspen updated its 2023 full year outlook as follows:
Total revenue is expected to range between $200 million and $250 million vs. consensus of $$225.36M. Net loss is expected to range between $85.0 million and $75.0 million, as compared to the previous range of $101.9 million and $91.9 million Adjusted EBITDA is expected to range between $(55) million and $(45) million, as compared to the previous range of $(60) million and $(50) million Net loss per share is expected to range between $1.21 and $1.07, as compared to the previous range of $1.46 and $1.31 vs. consensus of -$1.21. CAPEX of up to $150 million to enable continued growth in 2024
The Company’s 2023 outlook assumes depreciation and amortization of $20.2 million, stock-based compensation expense of $11.1 million, interest income of $1.3 million and weighted average shares outstanding of 70.3 million for the full year.