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Sep 30, 2023
ClearSign Q3 2023 Earnings Report
ClearSign reported revenue growth driven by initial commercial orders and strategic branding initiatives in Q3 2023.
Key Takeaways
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.
Started up first commercial boiler burner installation.
Texas chemicals burner is installed and awaiting start up.
Burners for two fast track refinery heaters are scheduled to start up next month and early in the new year.
Launched new branding of boiler burner line with Rogue.