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CLIR

ClearSign Technologies Corporation

CLIR

ClearSign Technologies Corporation • NASDAQ
$0.74 ▲ 0.11% (+0.00)
Market Cap $39.44 M
52w High $1.72
52w Low $0.46
Dividend Yield 0%
P/E -6.73
Volume 44.94K
Outstanding Shares 53.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.029M ▲ $2.118M ▲ $-1.429M ▲ -138.873% ▲ $-0.03 ▲ $-1.36M ▲
Q2-2025 $133K ▼ $1.893M ▼ $-1.68M ▲ -1.263K% ▼ $-0.03 ▲ $-1.722M ▲
Q1-2025 $401K ▼ $2.453M ▲ $-2.076M ▼ -517.706% ▼ $-0.038 ▼ $-2.007M ▼
Q4-2024 $590K ▼ $1.754M ▼ $-1.164M ▼ -197.288% ▼ $-0.024 ▼ $-1.327M ▼
Q3-2024 $1.859M $1.984M $-1.155M -62.13% $-0.021 $-1.234M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.488M ▼ $12.747M ▼ $3.669M ▼ $9.078M ▼
Q2-2025 $12.339M ▼ $14.231M ▼ $3.817M ▲ $10.414M ▼
Q1-2025 $12.866M ▼ $14.534M ▼ $2.494M ▲ $12.04M ▼
Q4-2024 $14.035M ▼ $15.916M ▼ $2.152M ▼ $13.764M ▼
Q3-2024 $14.486M $17.094M $2.271M $14.823M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.429M ▲ $-1.831M ▼ $-21K ▼ $0 $-1.851M ▼ $-1.831M ▼
Q2-2025 $-1.68M ▲ $-511K ▲ $-16K ▲ $0 ▲ $-527K ▲ $-527K ▲
Q1-2025 $-2.076M ▼ $-1.111M ▼ $-41K $-17K ▼ $-1.169M ▼ $-1.111M ▼
Q4-2024 $-1.164M ▼ $-415K ▲ $-41K ▲ $10K ▲ $-451K ▲ $-456K ▲
Q3-2024 $-1.155M $-1.433M $-60K $0 $-1.488M $-1.493M

Revenue by Products

Product Q2-2018Q3-2018Q1-2021
Burner Contract
Burner Contract
 $0 ▲$0 ▲$0 ▲
Flare Projects
Flare Projects
 $0 ▲$0 ▲$0 ▲
Once Through Steam Generator
Once Through Steam Generator
 $0 ▲$0 ▲$0 ▲
Small project
Small project
 $0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement ClearSign is still in the pre‑revenue stage. Over the past several years it has effectively generated no meaningful sales, while consistently recording operating and net losses. Those losses appear relatively stable to slightly improving, but the core story is the same: this is an early‑stage, R&D‑focused business that has not yet converted its technology into recurring revenue or profits. The income statement reflects a company focused on development and commercialization rather than scale and earnings.

Balance Sheet

Balance Sheet The balance sheet is very small in absolute size but relatively clean. The company holds a modest amount of cash and other assets, with no financial debt and funded essentially by shareholder equity. This lack of leverage lowers financial risk but also highlights how limited the resource base is. Future growth, hiring, and commercialization efforts will likely continue to depend on raising additional capital unless revenues begin to scale.

Cash Flow

Cash Flow Cash flow reflects a typical early‑stage technology company: operating activities consume cash rather than generate it, and there is no visible cash inflow from an established customer base. Investment spending is light, so cash burn is driven mainly by ongoing operating costs such as R&D, staff, and commercialization efforts. While the burn rate appears modest, the business still relies on external financing to sustain operations until commercial traction improves.

Competitive Edge

Competitive Edge ClearSign is positioned as a niche innovator in industrial combustion and emissions control, targeting customers that must meet tightening environmental rules. Its technology aims to cut harmful emissions at the source and improve efficiency, potentially replacing or reducing the need for costly add‑on treatment systems. Partnerships with established industry players, like large burner and equipment manufacturers, help expand reach and credibility. However, the company is competing against much larger incumbents with long customer relationships, and its advantage rests on proving superior performance, reliability, and lifecycle cost savings in real‑world projects.

Innovation and R&D

Innovation and R&D Innovation is the core of ClearSign’s story. The company has developed proprietary burner and sensing technologies designed to sharply reduce emissions while improving fuel efficiency, and many of these are backed by patents. Its solutions can be retrofitted into existing equipment and are being designed to work with hydrogen, aligning with long‑term decarbonization trends. R&D spending focuses on refining burner lines, expanding product families, and advancing sensing solutions like the ClearSign Eye. The main risk is execution: turning strong lab and pilot performance into broad commercial adoption, while keeping enough funding to sustain ongoing development.

Summary

ClearSign is an early‑stage clean‑tech industrial company with promising combustion and emissions‑control technology but no meaningful revenue track record yet. Financially, it runs at a steady loss, has a small but debt‑free balance sheet, and uses cash to fund operations and R&D. Strategically, it leans on patented technology, efficiency gains, and partnerships to win business in highly regulated, emissions‑sensitive industries. The long‑term opportunity hinges on successfully scaling sales of its burner and sensing solutions—especially in areas like hydrogen and ultra‑low‑emissions applications—while carefully managing cash and proving the technology’s value in the field.

NEWS

November 19, 2025 · 4:05 PM UTC

ClearSign Technologies Corporation Provides Third Quarter 2025 Update

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November 6, 2025 · 8:30 AM UTC

ClearSign Technologies Corporation Announces Third Quarter 2025 Conference Call

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November 4, 2025 · 8:30 AM UTC

ClearSign Receives ClearSign Core(TM) "M" Series Burner Order for Multinational Energy Company Mid-Stream Facility in West Texas

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October 28, 2025 · 8:30 AM UTC

ClearSign Receives ClearSign Core(TM) "M" Series Burner Order for Mid-Stream Operator In New Mexico

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October 23, 2025 · 8:30 AM UTC

ClearSign Receives Fourth Low-Emission Flare Burner Order from Leading Energy Producer in California

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