Group 1: Company Developments - ClearSign Technologies Corporation (CLIR) received a purchase order for its new ClearSign Core M1 process burner, indicating early market engagement for the M series line [1] - The purchase order was from Devco Process Heaters for use in a hot oil heater at a gas processing facility in Colorado, with expected delivery in the second quarter of 2025 [3] - The ClearSign Core M1 technology has achieved SCR-level NOx emissions and high heat transfer efficiency at a Texas facility, leading to significant interest and multiple requests for quotes [2] Group 2: Financial Performance - In Q3 2024, ClearSign Technologies reported an adjusted loss of 2 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 3 cents, and an improvement from a loss of 3 cents in the same quarter the previous year [4] - The company generated revenues of 0.09 million in the year-ago quarter, surpassing the Zacks Consensus Estimate of 302 million, down 5.6% year-over-year [6] - W.W. Grainger, Inc. (GWW) posted adjusted earnings per share of 4.23 billion but also missed expectations [7][8]
ClearSign Technologies Receives Purchase Order for New Process Burner