Shares of Aspen Aerogels (ASPN) tumbled 5.26% in pre-market trading on Thursday following the release of the company's third-quarter earnings report. The significant drop reflects investor disappointment with the company's financial performance.

Aspen Aerogels, a technology leader in aerogel-based insulation products, reported a net loss of $6.3 million for the third quarter. The company's earnings per share (EPS) came in at -$0.08, indicating continued challenges in achieving profitability. While the specific analyst expectations were not provided, the market reaction suggests that these results fell short of investor hopes.

The pre-market plunge highlights the sensitivity of Aspen Aerogels' stock to its financial performance. Investors appear to be reassessing the company's near-term prospects in light of these results. The negative earnings may raise concerns about Aspen Aerogels' ability to capitalize on its innovative technology and achieve sustainable growth in the current market environment.

As the market opens, it remains to be seen whether Aspen Aerogels can recover from this initial negative reaction or if the downward pressure on its stock price will continue throughout the trading session. Investors will likely be looking for additional insights from management regarding the company's strategy to improve its financial position and return to profitability in future quarters.