ClearSign Technologies Q3 Earnings Beat Estimates, Revenues Dip Y/Y

Core Insights - ClearSign Technologies Corporation (CLIR) reported a narrower loss of 3 cents per share in Q3 2025, compared to a loss of 4 cents estimated by Zacks Consensus, and a loss of 2 cents in the same quarter last year [1][6] - The company's revenues for the quarter were $1.03 million, down from $1.86 million year-over-year, missing the Zacks Consensus Estimate by 28.04% [1][6] Financial Performance - The cost of sales in Q3 amounted to $661 million, a decrease of 49.5% year-over-year, while gross profit was $368 million, down from $551 million in the previous year [2] - Gross margin improved to 35.8% in the reported quarter from 29.6% in Q3 2024 [2] - General and administrative expenses rose to $1.81 million, an increase of 9.2% year-over-year, leading to an operating loss of $1.75 million compared to a loss of $1.43 million in the prior-year quarter [2] Financial Condition - As of September 30, 2025, the company had cash and cash equivalents of $10.5 million, down from $14 million as of December 31, 2024 [3] - The company utilized $3.45 million in operating activities during the first nine months of 2025, a decrease from $3.96 million in the same period of 2024 [3] Stock Performance - ClearSign Technologies' shares have increased by 1.4% over the past year, contrasting with a 12.4% decline in the industry [4] Peer Comparisons - MSC Industrial Direct Company, Inc. reported a fourth-quarter adjusted EPS of $1.09, beating estimates and showing a 6% year-over-year increase, with revenues of approximately $978 million, up 2.7% from the previous year [8] - SiteOne Landscape Supply, Inc. recorded an adjusted EPS of $1.31, surpassing estimates, with revenues of $1.26 billion, a 4% year-over-year increase [9] - W.W. Grainger, Inc. reported an EPS of $10.21, exceeding estimates, with revenues rising 6.1% year-over-year to $4.66 billion [10]