ClearSign Technologies Corporation Provides First Quarter 2025 Update

Core Viewpoint - ClearSign Technologies Corporation reported a productive first quarter of 2025, highlighting the expansion of sales channels and product offerings, including the launch of new burner lines and the installation of sensors at a major refinery [2][3]. Strategic and Operational Highlights - The company received an engineering order for a low emissions flare burner from an energy company in California, marking the second burner sold to this customer within the year [3]. - ClearSign launched the new ClearSign Core™ M Series process burner technology, with installations in Texas and sales in Colorado, demonstrating improved heat transfer efficiency and reduced nitrogen oxide emissions [4][5]. - A co-branded product line, Zeeco CS5 and Zeeco Hydrogen CS5 Burners, was launched in collaboration with Zeeco, capable of firing 100% natural gas and hydrogen while maintaining low emissions [6]. - The installation of ClearSign Eye sensors at a supermajor refinery in the U.S. Gulf Coast is expected to enhance operational safety and efficiency [7]. Financial Information - As of March 31, 2025, the company reported cash and cash equivalents of approximately $12.8 million [8]. - The total assets were $14.5 million, with total liabilities amounting to $2.5 million, resulting in stockholders' equity of $12 million [14]. - For the three months ended March 31, 2025, revenues were $401,000, a decrease from $1.1 million in the same period of 2024, with a net loss of $2.1 million compared to a loss of $1.1 million in the prior year [15][16].