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Clearsign Technologies Corporation  (CLIR)
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Price: $1.2500 $0.06 5.042%
Day's High: $1.27 Week Perf: 8.7 %
Day's Low: $ 1.19 30 Day Perf: 21.36 %
Volume (M): 48 52 Wk High: $ 1.75
Volume (M$): $ 60 52 Wk Avg: $1.09
Open: $1.19 52 Wk Low: $0.62



 Market Capitalization (Millions $) 48
 Shares Outstanding (Millions) 39
 Employees 18
 Revenues (TTM) (Millions $) 1
 Net Income (TTM) (Millions $) -7
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Clearsign Technologies Corporation

We design and are developing technologies for the purpose of improving key performance characteristics of combustion systems, including emission and operational performance, energy efficiency and overall cost-effectiveness. Our patent-pending Duplex™ and Electrodynamic Combustion Control™ (ECC™) platform technologies enhance the performance of combustion systems in a broad range of markets, including the refinery, petrochemical, chemical, power and commercial boiler industries. Our Duplex technology uses a porous ceramic tile above a standard burner to significantly reduce flame length and achieve very low emissions without the need for external flue gas recirculation, selective catalytic reduction, or excess air systems. Our ECC technology introduces a computer-controlled high voltage electric field into a combustion volume in order to better control gas-phase chemical reactions and improve system performance and cost-effectiveness.

While we have not yet commercialized our Duplex or ECC technologies and our technologies have not been tested or verified by any independent third party, based on the results of our testing, we believe that our proprietary technology platforms may improve emissions control performance and operational performance for many types of industrial and commercial combustion systems. As a result, we also believe that our technologies may reduce costs associated with the construction (including refurbishment and upgrade), operation and maintenance of these combustion systems as compared to combustion systems that use no or alternative technology to enhance combustion and control emissions.

Based on the results of our testing, we believe our technologies compare favorably with current industry-standard air pollution control technologies, such as selective catalytic reduction devices, low- and ultra-low NOx burners (which address nitrogen oxides or NOx), excess air systems and other similar technologies. Such systems are used in our current target market segments of petroleum refining and petrochemical process heaters, package and utility boilers and large-scale once through steam generators (OTSGs).

The combustion and emissions control markets are significant, both in the wide array of industries in which the systems are used and in the amount of money spent in installing and upgrading systems. The Energy Information Administration of the U.S. Department of Energy determined in its 2014 Annual Energy Outlook that the world’s industrial sector consumed 165 quadrillion British thermal units (BTUs) of hydrocarbon fuels. These are used to provide heat for all manner of industrial processes, including boilers, furnaces, kilns and turbines. In order to maximize energy efficiency while keeping pace with regulatory guidelines for air pollution emissions, operators of these systems are continually installing, maintaining and upgrading a variety of costly process control, air pollution control and monitoring systems. Although we believe that there are many potential markets for our technologies, to date we have limited the introduction of our technologies to market segments that include petroleum refining and petrochemical process heaters, package boilers, and OTSGs.

We are pursuing development of our technologies to enable future sales. These activities entail (i) field development projects in the case of our Duplex technology where we have successfully demonstrated our proprietary technology operating in our field testing with thermal output of up to 52 million BTU/hr, (ii) laboratory research in the case of our ECC technology where we have demonstrated certain attributes of our proprietary technology operating in our research facility with thermal output of up to 2 million BTU/hr, and (iii) business development and marketing activities with established entities that use steam generators, process heaters, boilers, solid fuel burners, and other combustion systems as well as original equipment manufacturers. We intend to continue to enter into collaborative arrangements, such as those described below, which would enable us to work closely with established companies in targeted industries to apply solutions developed in our laboratory and field settings.



   Company Address: 8023 E. 63rd Place, Suite 101 Tulsa 74133 OK
   Company Phone Number: 236-6461   Stock Exchange / Ticker: NASDAQ CLIR
   CLIR is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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AOS        3.4% 
BOLC        3.4% 
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Clearsign Technologies Corporation

Clearsign Technologies Corporation Struggles in Third Quarter with -5.72% Decline in Shares and 53% YTD Performance

Over the past week, Clearsign Technologies Corporation has experienced a decline in its shares, dropping by -5.72%. As a result, the year-to-date performance of the company stands at 53%. Currently, Clearsign Technologies Corporation shares are being traded on the NASDAQ, which is -16.6% below its 52-week average.
During the most recent fiscal period, Clearsign Technologies Corporation incurred a loss of $-0.03 per share. This is comparable to the loss of $-0.03 per share reported in the same period the previous year. However, there has been an improvement in earnings per share (EPS) compared to the preceding reporting period, where the loss per share was $-0.04.

Clearsign Technologies Corporation

Clearsign Technologies Corporation Advances Towards Profitability as Net Shortfall Narrows in Q2 2023



Clearsign Technologies Corporation, a company specializing in advanced clean combustion systems, recently reported its financial results for the second quarter of the fiscal year 2023 (April to June). With revenue of $0.15 million during this period, the company witnessed a net shortfall of $-1.478 million, representing an improvement compared to the corresponding period last year. These figures raise questions about the potential impact on Clearsign Technologies Corporation and its future prospects.
1. Declining Net Shortfall:
Despite a net shortfall in Q2 2023, Clearsign Technologies Corporation managed to reduce it significantly from $-1.638 million in the same period the previous year. This improvement demonstrates the company's efforts to address financial challenges and move closer to profitability. By narrowing the gap, Clearsign Technologies Corporation exhibits signs of progress, which may instill confidence among shareholders and investors.

Clearsign Technologies Corporation

Clearsign Technologies Corporation Reports Revenue of $0.894 Million in Q1 2023, Showing Potential for Future Growth despite Net Loss

Clearsign Technologies Corporation is a publicly traded technology company that specializes in developing and commercializing advanced combustion technologies. The company's innovative technologies have garnered attention in environmental and industrial circles for their potential to improve energy efficiency and reduce carbon emissions while improving energy output. The company's focus on innovation in the field of combustion has led to numerous patents, and its products are used in a wide range of applications, including power generation, refining, petrochemicals, and others.
According to Clearsign's latest financial report, the company reported revenue of $0.894 million in the January to March 31, 2023 time-frame, and a net loss of $-1.429 million. It is important to note that this net loss represents a substantial reduction from the previous year's deficit of $-1.490 million in the comparable reporting period. Despite the net loss, the company's returns on investment (ROI) appear to be gradually improving. Clearsign is expected to report its next financial earnings on August 14, 2023.






 

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