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ClearSign Combustion (CLIR)
NASDAQ:CLIR
Earnings Data
Report Date
Jun 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 02, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jun 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted ClearSign Technologies' record revenues for 2024 and their strategic expansion through partnerships and new product lines. However, challenges such as a decline in Q4 revenue, decreased profit margins, and a net loss tempered the positive outlook. The company also faces a NASDAQ compliance issue, adding to its challenges.Company Guidance
During the ClearSign Technologies Fourth Quarter and Full Year 2024 Conference Call, the company provided several key financial metrics and strategic insights. ClearSign reported approximately $590,000 in revenues for Q4 2024, down from $1.3 million in Q4 2023, attributed to decreased business activity. However, for the full year 2024, the company achieved record revenues of approximately $3.6 million, marking a 50% increase from $2.4 million in 2023, driven by increased shipments of process burners. The gross profit margin for 2024 was 31.1%, down from 34% in 2023, impacted by startup costs for a large boiler burner installation. The net cash used in operations was approximately $4.4 million, up from $3.2 million in 2023, due to a $1 million decrease in contract liabilities. ClearSign recorded a net loss of approximately $5.3 million for 2024, a slight increase from 2023, partly due to a $400,000 non-recurring expense related to its China entity. As of December 31, 2024, the company held approximately $14 million in cash, with 50.2 million shares of common stock outstanding. ClearSign was also notified by NASDAQ regarding non-compliance with the minimum bid price rule, with a deadline of September 29, 2025, to regain compliance. Looking ahead, ClearSign emphasized diversifying product lines, leveraging sales channels, and expanding into larger system projects to drive future growth.Record Revenue for 2024
ClearSign Technologies achieved record revenues of approximately $3.6 million for the full year of 2024, marking a 50% increase compared to $2.4 million in 2023.
Significant Order for Process Burners
The company secured a follow-on purchase order for 26 burners, stemming from a successful process burner engineering study.
Expansion of Sales Channels with Zeeco
ClearSign announced a co-branded process burner product line with Zeeco, expanding their market reach through Zeeco's global sales team.
Introduction of M-Series Burners
The new M-Series burner, optimized for midstream heaters, successfully demonstrated 2 ppm NOx emissions and received positive initial feedback.
Broadened Market Opportunities
Plans to diversify product lines and expand into new markets, including potential large system projects and the midstream industry.
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CLIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 02, 2025 | $0.73 | ― | ― |
| Nov 20, 2024 | $0.97 | $1.13 | +16.49% |
| Aug 21, 2024 | $0.74 | $0.71 | -4.05% |
| May 23, 2024 | $0.76 | $0.90 | +18.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ClearSign Combustion (CLIR) report earnings?
ClearSign Combustion (CLIR) is schdueled to report earning on Jun 24, 2025, TBA Not Confirmed.
What is ClearSign Combustion (CLIR) earnings time?
ClearSign Combustion (CLIR) earnings time is at Jun 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLIR EPS forecast?
CLIR EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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