Financial Performance - ClearSign Technologies reported revenues of 1.1 million in Q1 2024, representing a year-over-year decline of 63.6% [2] - The cost of sales for the quarter was 0.19 million [2] - The company reported a loss of 4 cents per share, missing the Zacks Consensus Estimate of a loss of 3 cents, compared to a loss of 3 cents in the same quarter last year [3] Product Launches and Partnerships - In Q1 2025, ClearSign Technologies launched the ClearSign Core M Series Process burner technology, which features ultra-low nitrogen oxide emissions and improved heat transfer efficiency [4] - The company secured an order for the ClearSign Core M1 burner from Devco Process Heaters for a gas processing facility in Colorado [5] - ClearSign extended its partnership with Zeeco to launch Zeeco CS5 and Zeeco Hydrogen CS5 Burners, which can operate on 100% natural gas and hydrogen while maintaining ultra-low nitrogen oxide emissions [5] Orders and Installations - During the quarter, ClearSign secured an engineering order for a reduced emissions flare burner for an energy company in California, indicating growing interest in this product line [6] - The company announced plans to install four ClearSign Eye sensors on each burner of a multi-burner process heater at a major U.S. Gulf Coast refinery, with installation expected in Q2 2025 [6] Stock Performance - ClearSign Technologies shares have declined by 6.7% over the past year, compared to a 3.3% decline in the industry [7] Zacks Rank and Comparisons - ClearSign Technologies currently holds a Zacks Rank of 3 (Hold) [10] - Other stocks in the Industrial Products sector with better rankings include Life360, Inc. (Rank 1), IHI Corporation (Rank 1), and Federal Signal Corporation (Rank 2) [10]
ClearSign Technologies Provides Q1 Operational & Financial Updates