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Jun 30, 2023
ClearSign Q2 2023 Earnings Report
ClearSign's order flow increased with initial sales setting the stage for future growth.
Key Takeaways
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.
Order flow increased in both process burners and boiler burner line.
Received Engineering Order and a Follow on order for Two Multi Burner Heaters from a California Refinery.
Entered the Texas Gulf Coast Market with Burner Sale to Global Chemical Company.
Awarded Phase 2 SBIR Grant for $1.65M for 100% Hydrogen Burner.
ClearSign
ClearSign
Forward Guidance
ClearSign is focused on future growth and product deployments.