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ClearSign Combustion (CLIR)
NASDAQ:CLIR
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ClearSign Combustion
(NASDAQ:CLIR)
45Neutral
ClearSign Combustion (CLIR) vs. S&P 500 (SPY)
Market Cap
$31.45M
Dividend YieldN/A
Average Volume (3M)101.05K
Price to Earnings (P/E)―
Beta (1Y)1.99
Revenue Growth49.65%
EPS Growth16.68%
CountryUS
Employees16
SectorIndustrials
Sector Strength61
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.11
Shares Outstanding52,418,780
10 Day Avg. Volume147,904
30 Day Avg. Volume101,051
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)9.09
Price to Cash Flow (P/CF)-6.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
ClearSign Combustion Business Overview & Revenue Model
Company DescriptionClearSign Technologies Corporation (CLIR) is a company focused on improving energy efficiency and emissions control within the combustion industry. Operating primarily in the environmental technology sector, ClearSign develops and markets innovative combustion systems and technologies that enhance the performance of industrial and commercial combustion applications. The company's core products are designed to optimize combustion processes, reduce emissions, and improve overall operational efficiency for various industries, including oil and gas, petrochemical, and power generation.
How the Company Makes MoneyClearSign makes money by selling its proprietary combustion technology solutions and related services to industrial clients across multiple sectors. The company's revenue model primarily relies on the sale and licensing of its technology, which includes the ClearSign Core™ and ClearSign Eye™ systems, designed to enhance the combustion process and reduce harmful emissions. Additionally, ClearSign may generate revenue through partnerships and collaborations with industry leaders, leveraging its technology to create integrated solutions for its clients. The company also benefits from regulatory trends and mandates aimed at reducing industrial emissions, which can drive demand for its products and services.
ClearSign Combustion Financial Statement Overview
Summary
ClearSign Combustion shows strong revenue growth with a 78.1% increase, but continues to face profitability challenges with a net loss and negative margins. The balance sheet is stable, supported by a high equity ratio and low leverage, but negative cash flow from operations remains a concern.Income Statement
ClearSign Combustion has shown a substantial increase in revenue over the last year, with a TTM revenue growth rate of 78.1%. However, the company is still operating at a net loss, with a net profit margin of -118.9% for the TTM. The gross profit margin has improved to 37.1%, but negative EBIT and EBITDA margins indicate ongoing operational challenges.45
Neutral
Balance Sheet
The company maintains a strong equity position, with an equity ratio of 86.7% in the TTM, which suggests financial stability. The debt-to-equity ratio is low at 0.014, indicating minimal leverage risk. However, the return on equity is negative due to continued net losses, which is a concern for profitability.60
Neutral
Cash Flow
ClearSign Combustion's cash flow situation shows improvement, with a significant increase in financing cash flow in the TTM. However, the free cash flow remains negative, and the operating cash flow to net income ratio is slightly negative, reflecting challenges in generating positive cash flow from operations.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 4.28M | 2.40M | 374.00K | 607.00K | 0.00 | 0.00 | Gross Profit |
| 1.59M | 817.00K | 116.00K | -452.00K | -279.00K | -1.00K | EBIT |
| -5.89M | -5.98M | -5.88M | -8.14M | -6.93M | -8.58M | EBITDA |
| -4.95M | -5.68M | -5.47M | -7.63M | -6.72M | -8.58M | Net Income Common Stockholders |
| -5.09M | -5.19M | -5.40M | -7.89M | -6.84M | -8.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 929.96K | 5.68M | 9.06M | 7.61M | 8.82M | 8.55M | Total Assets |
| 1.64M | 7.62M | 10.93M | 9.36M | 11.12M | 10.94M | Total Debt |
| 47.67K | 243.00K | 359.00K | 555.00K | 669.00K | 595.00K | Net Debt |
| -882.29K | -5.44M | -6.09M | -7.05M | -8.15M | -7.96M | Total Liabilities |
| 761.74K | 2.43M | 1.37M | 1.08M | 1.58M | 1.72M | Stockholders Equity |
| 874.42K | 5.19M | 9.55M | 8.28M | 9.54M | 9.22M |
| Cash Flow | Free Cash Flow | ||||
| -5.69M | -3.43M | -5.16M | -6.92M | -6.16M | -7.32M | Operating Cash Flow |
| -5.41M | -3.23M | -4.99M | -6.71M | -5.96M | -6.90M | Investing Cash Flow |
| -282.00K | 2.49M | -2.69M | -213.00K | -194.00K | 6.50M | Financing Cash Flow |
| 12.41M | -15.00K | 6.54M | 5.69M | 6.43M | 14.00K |
ClearSign Combustion Technical Analysis
Negative
0.55
Price Trends
0.85
Negative
1.01
Negative
0.91
Negative
Market Momentum
-0.04
Negative
41.37
Neutral
29.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLIR, the sentiment is Negative. The current price of 0.55 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.85, and below the 200-day MA of 0.91, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 41.37 is Neutral, neither overbought nor oversold. The STOCH value of 29.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CLIR.
ClearSign Combustion Risk Analysis
ClearSign Combustion disclosed 37 risk factors in its most recent earnings report. ClearSign Combustion reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ClearSign Combustion Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $37.15B | 27.16 | 14.97% | 0.71% | 5.22% | 4.46% | |
75 Outperform | $5.87B | 20.88 | 14.34% | 2.13% | 5.49% | 51.02% | |
73 Outperform | $6.01B | 31.70 | 7.91% | ― | 23.86% | 740.71% | |
67 Neutral | $279.91M | 14.66 | 9.80% | ― | 3.43% | ― | |
67 Neutral | $1.60B | 14.98 | 4.91% | 3.02% | 2.56% | -91.05% | |
62 Neutral | $7.67B | 13.25 | 3.04% | 3.47% | 3.63% | -13.99% | |
45 Neutral | $31.45M | ― | -55.91% | ― | 49.65% | 16.68% |
* Industrials Sector Average
Performance Comparison
CLIR
ClearSign Combustion
0.55
-0.43
-43.88%
AME
Ametek
157.42
-21.91
-12.22%
GTLS
Chart Industries
121.74
-33.74
-21.70%
FLS
Flowserve
44.61
-1.72
-3.71%
MG
Mistras Group
9.20
-0.14
-1.50%
SPB
Spectrum Brands Holdings
63.93
-15.19
-19.20%
ClearSign Combustion Earnings Call Summary
Earnings Call Date: Apr 2, 2025 | % Change Since: -24.66% | 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.Highlights
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.
Lowlights
Revenue Decline in Q4 2024
ClearSign recognized approximately $590,000 in revenues for Q4 2024, compared to $1.3 million in the same period in 2023, due to decreased business activity.
Decreased Gross Profit Margin
The gross profit margin decreased from 34% in 2023 to 31.1% in 2024, attributed to higher than expected startup costs for a large boiler burner installation.
Net Loss for 2024
The company reported a net loss of approximately $5.3 million for 2024, an increase due in part to a $400,000 non-recurring expense related to the China entity.
NASDAQ Compliance Issue
ClearSign received a notice from NASDAQ for not meeting the minimum bid price requirement of $1 per share, with a deadline to regain compliance by September 29, 2025.
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.ClearSign Combustion Corporate Events
Business Operations and StrategyFinancial Disclosures
ClearSign Combustion Reports Record Annual Revenue Growth
Positive
Apr 4, 2025
On April 2, 2025, ClearSign Technologies Corporation announced record annual revenue of $3.6 million for the year ended December 31, 2024, driven by significant orders for process and boiler burners. The company is expanding its market presence through collaborations, such as the co-branded burner line with Zeeco, and is actively enhancing its product offerings to increase its market scope. Recent strategic developments include a multi-heater project in Texas, installation of ClearSign Eye sensors in a Gulf Coast refinery, and new burner orders for power generation customers in Oklahoma and Missouri. These achievements are expected to positively impact ClearSign’s future growth and industry positioning.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.