Financial Data and Key Metrics Changes - For Q3 2024, the company reported approximately $1.9 million in revenues, a significant increase from $85,000 in the same period in 2023, marking the largest quarterly revenue in the company's history [8][9] - Year-to-date revenues for the nine months ended September 30, 2024, reached approximately $3 million, an increase of $1.9 million compared to the prior year, also the largest year-to-date revenue since inception [9] - Year-to-date gross profit margin improved by 11% from 22% in 2023 to 33% in 2024, contributing approximately $340,000 in profit [10] - The year-to-date net loss decreased by $104,000, reflecting a 2.5% improvement over the same period in 2023 [11] - The ending cash balance as of September 30, 2024, was approximately $14.5 million, with net cash used in operations for the quarter at approximately $1.4 million [12] Business Line Data and Key Metrics Changes - The revenue increase was primarily driven by the shipment of multiple process burners to a California refinery customer [8] - A significant order of 20 burners shipped to a Los Angeles refinery is expected to serve as a major reference for future sales [19][20] - The company received a large order for 26 burners from a Fortune 500 global petrochemical company, indicating strong demand for their technology [21][22] - The introduction of a new 100% hydrogen flexible fuel burner has been a key driver in securing new orders [22] Market Data and Key Metrics Changes - The company is experiencing increased interest in its process burner product line, particularly following the BACT designation by the South Coast Air Quality Management District [24][25] - The California GET program's third-party testing validated the performance of ClearSign's burner technology, showing significant energy savings and lower emissions compared to industry standards [43][44] Company Strategy and Development Direction - The company aims to expand its sales force through partnerships, leveraging the capabilities of established companies like Zeeco and California Boiler to enhance market reach [36][41] - ClearSign is transitioning towards becoming a solutions provider, moving beyond just burner sales to offering comprehensive systems [66] - The strategic plan laid out in 2019 continues to guide the company's growth and development, focusing on technology and partnerships [70][71] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future revenue growth, citing a substantial increase in the project pipeline and mature orders compared to the previous year [97] - The company anticipates further improvements in margins due to efficiency gains and increased volume [85][86] - Management noted that while political changes may influence the industry, the focus on NOx emissions and operational efficiency remains a priority for their customers [101][102] Other Important Information - The company has suspended its operations in China, placing its registered business there into dormancy due to delayed progress in gaining commercial traction [59][60] - Recent developments in the flare product line indicate potential for future orders as new emissions regulations are rolled out [62][66] Q&A Session Summary Question: Directionally, where do you see margins heading? - Management expects margins to improve further due to efficiency gains and increased project volume [85][86] Question: Insight on the relationship with Narion and ClearSign eye sensor technology? - Narion is developing applications using ClearSign's sensing technology, with potential industrial installations expected in the near future [87][90] Question: Recent new hires and future hiring plans? - The company recently hired two engineers to support growing business needs, with expectations for future hiring as business expands [93][96] Question: Current pipeline compared to a year ago? - The pipeline has grown substantially, with larger and more mature orders being received [97] Question: Impact of the new administration on NOx emissions focus and production in the U.S.? - Management believes that changes in administration will have limited immediate impact, as NOx emissions are primarily controlled at the state level [101][102] Question: Essence of the relationship with Zeeco? - The partnership with Zeeco has advanced to joint marketing efforts, significantly enhancing ClearSign's market presence [105]

Company Achieves Record Quarterly Revenue of $1.85MM      TULSA, Okla., Nov. 20, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, today provides an update on operations for the quarter ended September 30, 2024 ...

ClearSign Technologies Corporation (CLIR) reported an adjusted loss of 2 cents per share in third-quarter 2024, narrower than the Zacks Consensus Estimate of a loss of 3 cents. CLIR had incurred a loss of 3 cents in the year-ago quarter. ClearSign Technologies registered revenues of $1.86 million in the reported quarter compared with $0.09 million in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $1 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.CLIR’ ...

ClearSign Technologies (CLIR) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this combustion systems technology company would post a loss of $0.04 per share when it actually produced a loss of $0.04, delivering no surprise.Over the last four quarte ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-35521 CLEARSIGN TECHNOLOGIES CORPORATION (Exact name of registrant as speci ...

TULSA, Okla., Nov. 12, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces that it has received a purchase order for a boiler burner for use in an asphalt company in California. "We are pleased to supply another in ...

Hosting Call at 5pm ET on Wednesday, November 20thTULSA, Okla., Nov. 6, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces on Wednesday, November 20, 2024, the Company will host a conference call at 5:00 PM ET. The C ...

Core Insights - ClearSign Technologies Corporation has received an engineering order for a flare from an energy company for use in California, indicating a growing interest in its emissions reduction technologies [1][2] - The order represents an initial engineering phase for a flare retrofit at a production facility, with the final product expected to be fabricated and shipped in the second quarter of 2025 [2] Company Overview - ClearSign Technologies Corporation specializes in designing and developing technologies aimed at decarbonization, enhancing operational performance, energy efficiency, emission reduction, and safety [3] - The company's patented technologies, including ClearSign Core™ and ClearSign Eye™, are integrated into various markets such as energy, commercial/industrial boiler, chemical, petrochemical, transport, and power industries [3]

Presentation on Tuesday, October 29th at 4PM PT/7PM ET TULSA, Okla., Oct. 15, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces today that Jim Deller, Ph.D., Chief Executive Officer of ClearSign will be presentin ...

TULSA, Okla., Oct. 9, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces that it has received another burner order from Exotherm Corporation of Houston, Texas ("Exotherm") for installation in a heater in Missouri ...