ClearSign Combustion (CLIR) AI Stock Analysis

• Market Cap: $28.11M
• Dividend Yield: N/A
• Average Volume (3M): 49.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.00
• Revenue Growth: 10.88%
• EPS Growth: 3.57%
• Country: US
• Employees: 18
• Sector: Industrials
• Sector Strength: 89
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.04
• Shares Outstanding: 52,422,530
• 10 Day Avg. Volume: 48,090
• 30 Day Avg. Volume: 49,120
• PEG Ratio: 0.09
• Price to Book (P/B): 2.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.70
• Enterprise Value/Market Cap: 0.46
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 14.81
• Enterprise Value/Ebitda: -0.59
• 1Y Price Target: $1.25
• Price Target Upside: 127.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 47 Neutral
• Price Target: $0.50 ▼(-9.09%Downside)

ClearSign Combustion's overall stock score is driven by significant challenges in financial performance, particularly in profitability and cash flow. Technical analysis indicates bearish momentum, while valuation metrics reflect ongoing losses. Despite these challenges, strategic partnerships and a strong cash position provide some potential for future growth.

ClearSign Combustion Business Overview & Revenue Model

Company Description

ClearSign Combustion Corporation (CLIR) is a technology company focused on developing and marketing combustion and emissions control systems designed to enhance performance and reduce pollutants in industrial combustion processes. The company operates primarily within the energy and industrial sectors, providing innovative solutions that integrate with existing systems to improve efficiency and environmental compliance. ClearSign's core offerings include technologies for burners, flares, and other combustion equipment, aiming to deliver cleaner and more efficient operations for industrial clients.

How the Company Makes Money

ClearSign Combustion makes money by selling its proprietary combustion and emissions control technologies to industrial clients who require enhanced performance and regulatory compliance in their combustion processes. The company generates revenue through direct sales of its systems, as well as through licensing agreements and partnerships with manufacturers and service providers. ClearSign may also engage in joint ventures or collaborative projects that leverage its technology in new markets or applications. Revenue is influenced by factors such as regulatory changes, demand for cleaner industrial processes, and the adoption of its technology across various industries.

ClearSign Combustion Financial Statement Overview

Summary

ClearSign Combustion has shown revenue growth from $2.4 million to $3.6 million; however, ongoing issues with negative EBIT, net income, and cash flow generation pose significant challenges. The balance sheet is stable with low leverage, but profitability concerns remain.

Income Statement

ClearSign Combustion has shown some improvement in revenue growth over the past year, increasing from $2.4 million to $3.6 million. However, the company continues to face significant challenges with negative EBIT and net income, reflecting ongoing profitability issues. The gross profit margin is positive, but the net profit margin remains negative, indicating that the company is struggling to turn revenue growth into profit.

Balance Sheet

The company maintains a relatively strong equity position with an equity ratio of roughly 86.5%. The debt-to-equity ratio is low, suggesting conservative leverage. However, the negative net income impacts return on equity negatively, which remains a concern for profitability. Overall, the balance sheet shows stability with manageable debt levels.

Cash Flow

Operating cash flow remains negative, raising concerns about the company's ability to generate sufficient cash from operations. Free cash flow is also negative, despite positive financing cash flow. The free cash flow to net income ratio is unfavorable, indicating ongoing cash flow challenges despite revenue growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.90M	3.60M	2.40M	374.00K	607.00K	0.00
Gross Profit	877.00K	1.12M	817.00K	116.00K	-452.00K	-279.00K
EBITDA	-6.69M	-5.55M	-4.77M	-5.47M	-7.63M	-6.72M
Net Income	-6.27M	-5.30M	-5.19M	-5.40M	-7.89M	-6.84M
Balance Sheet
Total Assets	14.53M	15.92M	7.62M	10.93M	9.36M	11.12M
Cash, Cash Equivalents and Short-Term Investments	12.87M	14.04M	5.68M	9.06M	7.61M	8.82M
Total Debt	166.00K	188.00K	243.00K	359.00K	555.00K	669.00K
Total Liabilities	2.49M	2.15M	2.43M	1.37M	1.08M	1.58M
Stockholders Equity	12.04M	13.76M	5.19M	9.55M	8.28M	9.54M
Cash Flow
Free Cash Flow	-4.67M	-4.59M	-3.43M	-5.16M	-6.92M	-6.16M
Operating Cash Flow	-4.48M	-4.37M	-3.23M	-4.99M	-6.71M	-5.96M
Investing Cash Flow	-225.00K	-218.00K	2.49M	-2.69M	-213.00K	-194.00K
Financing Cash Flow	12.95M	12.95M	-15.00K	6.54M	5.69M	6.43M

ClearSign Combustion Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.58, below the 50-day MA of 0.60, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.09 is Neutral, neither overbought nor oversold. The STOCH value of 41.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CLIR.

ClearSign Combustion Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLWT	68 Neutral	$8.68M	12.15	4.68%	―	-14.25%	-59.84%
FTEK	59 Neutral	$89.25M	―	-6.95%	―	7.30%	-247.48%
Sector *	55 Neutral	HK$3.99B	-0.35	10.69%	5.38%	-6.34%	-55.88%
LIQT	52 Neutral	$15.57M	―	-69.66%	―	-17.77%	0.86%
TOMZ	51 Neutral	$21.02M	―	-62.68%	―	19.09%	3.50%
CLIR	47 Neutral	$28.11M	―	-75.96%	―	10.88%	3.57%
SCWO	39 Underperform	$28.91M	―	-110.71%	―	―	―

ClearSign Combustion Corporate Events

ClearSign Combustion Expands Board with New Appointments

On May 22, 2025, ClearSign Technologies Corporation entered into cooperation agreements with Richard D. Clarkson and Anthony DiGiandomenico, leading to the withdrawal of previous director nomination notices and the expansion of the company’s board from five to seven members. This strategic move, announced on May 27, 2025, aims to strengthen ClearSign’s board with the appointment of Anthony DiGiandomenico and Lou Basenese, who bring extensive experience in capital markets and industry connections, enhancing the company’s governance and strategic direction. Additionally, board member David M. Maley announced he will not seek re-election, leaving the board to decide on a potential replacement.

The most recent analyst rating on (CLIR) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on ClearSign Combustion stock, see the CLIR Stock Forecast page.

ClearSign Combustion Reports Q1 2025 Results and Innovations

On May 21, 2025, ClearSign Technologies Corporation announced its first-quarter 2025 operational results, highlighting significant developments such as the launch of co-branded process burner lines with Zeeco and the introduction of the M Series burners for the midstream market. The company also secured commitments for the first commercial installation of its ‘ClearSign Eye’ Sensor at a major refinery and received an engineering order for a low emissions flare burner in California. These advancements indicate ClearSign’s strategic expansion in product offerings and market presence, potentially strengthening its industry positioning and stakeholder interest.

The most recent analyst rating on (CLIR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on ClearSign Combustion stock, see the CLIR Stock Forecast page.