ClearSign Earnings Reports

ClearSign closed Q4 with $590K in revenue and a reduced net loss of $1.16M, supported by burner sales and expanding market collaborations.

ClearSign Technologies Corporation announced a record quarterly revenue of $1.85 million for the third quarter of 2024, compared to $85 thousand for the same period in 2023. This increase was primarily due to the shipment of 20 process burners to a California refinery customer. The company also announced a flare order for an energy company in California and burner orders for power generation customers in Oklahoma and Missouri.

ClearSign Technologies reported advancements in its business during the second quarter of 2024, including securing significant new orders, progressing with new product development, and increasing engagement with customers and industry stakeholders. The company's installation base grew, with orders from larger global collaborators. Strategic marketing initiatives included product demonstrations and unveiling emissions performance data. Additionally, ClearSign closed a public offering and concurrent private placement, resulting in gross proceeds of approximately $9.3 million and $4.3 million, respectively. Cash and cash equivalents were approximately $16 million as of June 30, 2024.

ClearSign Technologies Corporation reported a record first quarter revenue of $1.1 million, driven by successful process burner installations and strategic partnerships. The company saw increased customer awareness and confidence in its products, and the establishment of new California BACT emissions thresholds validated their technology.

ClearSign Technologies Corporation reported revenue of $85 thousand for the third quarter ended September 30, 2023, compared to zero revenue for the same period in 2022. The company is focused on expanding its operational reference list and has seen promise in its new boiler burner line branding. They also completed successful phase 1 testing of Ultra-Low NOx 100% Hydrogen Burner and were awarded Phase 2 SBIR Grant for $1.65M.

ClearSign Technologies reported an increase in order flow for both process and boiler burners during the second quarter of 2023. The company recognized $150 thousand in revenue, a significant increase compared to the same period last year. They also received a Phase 2 government grant for their 100% hydrogen burner products.

ClearSign Technologies reported revenue of $900 thousand for the first quarter of 2023, compared to zero revenue for the same period in 2022. The company is transitioning into a new phase of commercialization with multiple sales of boiler burners in California and Texas, and progress on multi-burner process burner orders.

ClearSign Technologies Corporation reported on its operations for the full year ended December 31, 2022, highlighting recent sales, progress with a California refinery project, and success in developing a 100% Ultra Low NOx hydrogen burner.

ClearSign Technologies Corporation reported progress in both major product lines, including sales development and technology advancement. The company received a follow-on purchase order for a California refinery project, closed an enclosed oxidizer sale to a Canadian hydrogen technology company, and was awarded a grant from the Department of Energy.

ClearSign Technologies reported on its Q1 2022 activities, including closing an underwritten public offering of common stock for gross proceeds of approximately $4,646,460, receiving a grant from the Department of Energy, an initial order for a multi-heater project from a California refinery, successful installation of a process burner order for a Super Major's European Refinery and relocating company headquarters to Tulsa, OK. Cash and cash equivalents were approximately $6,667,000 on March 31, 2022.

ClearSign Technologies Corporation reported on its Q4 2021 operations, highlighting the development and launch of primary technologies, strengthened strategic partnerships, and major customer orders.