CLIR Secures Major Petrochemical Customer for Burner Testing

Core Insights - ClearSign Technologies Corporation (CLIR) received an order from a major petrochemical customer for process burner testing services, which will demonstrate the burners' operating range and robustness [1][9] Group 1: New Orders and Projects - The company will conduct testing to gather operational data under various conditions and fuel blends, with results expected by the fourth quarter of 2025 [2] - An initial engineering order was received on September 17 for the installation of 36 ClearSign Core burners at a U.S. Gulf Coast refinery, indicating growing momentum in the petroleum industry [3][4] - A purchase order was secured in August for engineering and modeling services to enhance ClearSign process burner technology, potentially for use in a California refinery's process heater [5] Group 2: Financial Performance - In Q2 2025, the company reported an adjusted loss of 3 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 4 cents, and an improvement from a loss of 4 cents in the same quarter last year [6] - Revenues for Q2 2025 were $0.13 million, up from $0.04 million in the year-ago quarter, but missed the Zacks Consensus Estimate of $1 million [6]