ClearSign Combustion (CLIR)
NASDAQ:CLIR
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Earnings Data
Report Date
Aug 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.27Last Year’s EPS
-0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mixed but constructive picture: near-term financials were weak (revenues down ~50%, lower gross profit, increased net loss and higher operating cash usage), but there are meaningful operational positives — multiple large burner orders (32- and 36-burner), successful full-scale demonstration with strong industry attendance, a substantial project pipeline, self-funding project terms with stage payments, repeat customers, and a healthy cash balance of $7.7M. Management emphasized execution milestones (upcoming installations and source testing) that could meaningfully de-risk and accelerate revenue recognition later in the year. Given the size and quality of recent orders and demonstration traction balanced against current quarter financial softness and timing risks, the overall tone is cautiously optimistic but not yet clearly positive.Company Guidance
New Process Burner Orders (32 and 36 burners)
Received a next-phase order for a 32-burner California project (next phase engineering/fabrication and first-article testing; engineering/testing portion ~ $0.5M) and a separate 36-burner Texas order focused on increased heater performance. These larger orders expand addressable market vs prior smaller orders (e.g., 5–8 burners).
Demonstration at Zeeco Successful
Full-scale demonstration of Gen 2 process burner was successful: burner ran through full operating range (100% natural gas to 100% hydrogen), NOx performance was strong. About 23 attendees from ~8 large refiners, consultants and OEMs attended, signaling industry interest and engagement.
Backlog and Pipeline Momentum
Company reports a substantial backlog/active pipeline: process-burner orders in progress (including 26-burner order shipped and due for installation), multiple M-Series quotes, repeat customers and growing engagement from major refiners and heater manufacturers.
Project Economics and Self-Funding Model
ClearSign provided a financing/contracting model where typical process-burner equipment price averages ~$100,000 per burner (example: 30-burner ≈ $3M equipment) and projects commonly collect stage payments (approx. 50% upfront), allowing many projects to be essentially self-funding without drawing on corporate cash.
M-Series Product Traction and Pricing
M-Series demand continuing with repeat customers. Company guidance: average burner ~$100,000. Price ranges cited: M1 typically ~$80k–>$200k (premium, higher-tech); M25 typically ~$50k–$150–200k (lower-priced variants). Standardization on common sizes improves manufacturing efficiency and profitability potential.
Flare System Progress
Flare projects progressing: first source testing of new-generation flare product scheduled soon (a key formal performance milestone). Full-system orders in the $0.75M–$1M range are in fabrication and scheduled to ship later in the year; repeat flare installations reported.
Improved Operating Expenses (G&A)
General & administrative expenses decreased by $369,000 year-over-year, primarily due to lower legal fees following the decommissioning of a special board committee after the 2025 stockholder meeting.
Solid Cash Position
Cash and cash equivalents of approximately $7.7M as of March 31, 2026, with ~5.4M shares outstanding—provides runway while larger project revenues ramp.
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 |
|---|---|---|---|
May 20, 2026 | $4.90 | $5.01 | +2.24% |
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% |
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 Aug 27, 2026, After Close (Confirmed).
What is ClearSign Combustion (CLIR) earnings time?
ClearSign Combustion (CLIR) earnings time is at Aug 27, 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?
CLIR EPS forecast for the fiscal quarter 2026 (Q2) is -0.27.