ClearSign Combustion (CLIR) AI Stock Analysis

• Market Cap: $31.46M
• Dividend Yield: N/A
• Average Volume (3M): 57.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.18
• Revenue Growth: 10.88%
• EPS Growth: 3.57%
• Country: US
• Employees: 18
• Sector: Industrials
• Sector Strength: 87
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.04
• Shares Outstanding: 52,422,530
• 10 Day Avg. Volume: 47,159
• 30 Day Avg. Volume: 57,673
• 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: 0.41
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 14.81
• Enterprise Value/Ebitda: -0.59
• 1Y Price Target: $2.00
• Price Target Upside: 233.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: $0.50 ▼(-16.67%Downside)

ClearSign's stock score is primarily impacted by financial performance challenges, particularly in profitability and cash flow, despite revenue growth. Technical indicators are neutral, and valuation is low due to negative earnings. Positive strategic initiatives and a strong cash position offer potential for recovery.

ClearSign Combustion Business Overview & Revenue Model

Company Description

ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications. The company also provides ClearSign Core Boiler Burner; and ClearSign Core Flaring Burners technologies. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. The company was formerly known as ClearSign Combustion Corporation and changed its name ClearSign Technologies Corporation in November 2019. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.

How the Company Makes Money

ClearSign 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 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
	EBIT
-7.49M	-6.49M	-5.98M	-5.88M	-8.14M	-6.93M
	EBITDA
-6.69M	-5.55M	-4.77M	-5.47M	-7.63M	-6.72M
	Net Income Common Stockholders
-6.27M	-5.30M	-5.19M	-5.40M	-7.89M	-6.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.87M	14.04M	5.68M	9.06M	7.61M	8.82M
	Total Assets
14.53M	15.92M	7.62M	10.93M	9.36M	11.12M
	Total Debt
166.00K	188.00K	243.00K	359.00K	555.00K	669.00K
	Net Debt
-12.70M	-13.85M	-5.44M	-6.09M	-7.05M	-8.15M
	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: 0.60
• 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 0.6 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.60, and below the 200-day MA of 0.86, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.66 is Neutral, neither overbought nor oversold. The STOCH value of 33.48 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	$9.29M	12.30	4.68%	―	-14.25%	-59.84%
Sector *	66 Neutral	$4.47B	12.22	5.40%	3.65%	4.14%	-12.00%
CLIR	55 Neutral	$31.46M	―	-75.96%	―	10.88%	3.57%
FTEK	54 Neutral	$58.17M	―	-6.95%	―	7.30%	-247.48%
LIQT	54 Neutral	$14.42M	―	-69.66%	―	-17.77%	0.86%
TOMZ	51 Neutral	$22.22M	―	-62.68%	―	19.09%	3.50%
SCWO	39 Underperform	$58.99M	―	-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.

ClearSign Combustion Reports Record Annual Revenue Growth

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.