ClearSign Combustion (CLIR)
NASDAQ:CLIR
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple positive operational and commercial developments: strong year-over-year revenue growth (44%), completion and delivery of a large 26-burner order, expanding quoted backlog (~225 burners), increasing demo attendance and industry interest, early commercial wins across process burners, midstream burners (M25 start-up), and larger flare/system orders (~$500k–$1M). Offsetting these positives are margin pressure (gross margin down ~4 ppt due to warranty accrual), a modest increase in net loss driven by a $746k nonrecurring legal expense, continued cash burn (~$4.7M used in operations), and timing/execution risks from lumpy, phased, large projects. Management stresses adequate cash, self-funding project structures, and partnership capacity (Zeeco) to execute. On balance, the call reflects accelerating commercial traction and an improving pipeline with some near-term financial and timing headwinds.Company Guidance
Record Quarterly and Annual Revenue Growth
Q4 2025 revenue of approximately $3.7M versus ~$0.59M in Q4 2024; full-year 2025 revenue approximately $5.2M versus ~$3.6M in 2024, representing a 44% year-over-year increase driven predominantly by process burner sales (notably a 26-burner order).
Significant Process Burner Orders and Expanding Backlog
Completed and recognized revenue on a 26-burner order (Gulf Coast petrochemical plant); additional announced orders include a 32-burner and a 36-burner project moving into testing and early manufacturing phases. Company-reported quoted pipeline of roughly 225 process burners (up from ~200), including four recent inquiries representing ~73 burners.
Stronger Industry Interest and Demo Attendance
April 23 demonstration at Zeeco test facility expected to host 30+ industry decision-makers and subject-matter experts (vs ~16-18 at prior demo), indicating increased visibility and interest from major refiners and engineering houses.
Product Platform Expansion Increasing Addressable Market
Gen2 burner adaptations (horizontal and flat configurations) are opening new heater types and markets; management estimates the two new configurations could add ~20–25% to refining coverage and may enable entry into ethylene furnaces (petrochemical/ethylene market comparable in size to refining).
Growing Flare/System Business with Larger Order Sizes
Shift from spare-burner upgrades (~$200–$250k) to full-system flare/thermal-oxidizer projects, with recent system orders in the ~$500k–$1M range (latest around $1M), indicating an upsell trajectory and larger-ticket opportunities.
Midstream Product Traction and Manufacturing Synergies
M-series midstream burners advancing: M1 proven ultra-low NOx performance (~2 ppm) and the lower-cost M25 successfully started up recently. Zeeco's acquisition of Devco (a channel/manufacturer) strengthens manufacturing and go-to-market capabilities.
Solid Cash Position and Self-Funding Project Structure
Cash and cash equivalents of approximately $9.2M as of Dec 31, 2025; net cash used in operations ~$4.7M for 2025. Management indicates projects are typically self-funding with upfront payments and states confidence in current cash to support execution and growth.
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
CLIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 09, 2026 | $6.18 | $5.29 | -14.40% |
Nov 19, 2025 | $8.59 | $8.21 | -4.46% |
Aug 14, 2025 | $6.13 | $5.62 | -8.32% |
May 21, 2025 | $7.10 | $6.25 | -12.00% |
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.
FAQ
When does ClearSign Combustion (CLIR) report earnings?
ClearSign Combustion (CLIR) is schdueled to report earning on May 21, 2026, After Close (Confirmed).
What is ClearSign Combustion (CLIR) earnings time?
ClearSign Combustion (CLIR) earnings time is at May 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CLIR EPS forecast?
Currently, no data Available