Financial Performance - ClearSign Technologies reported revenues of $0.4 million in Q1 2025, a decrease from $1.1 million in Q1 2024, representing a year-over-year decline of 63.6% [2] - The cost of sales for the quarter was $0.21 million, down 69.2% year-over-year, while gross profit fell 55.1% to $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 (CLIR) Q1 2025 Earnings Call May 21, 2025 05:00 PM ET Company Participants Matthew Selinger - Principal & FounderBrent Hinds - VP - FinanceJim Deller - President and CEOJames Kennedy - Managing Member & Chief Compliance Officer Conference Call Participants Sameer Joshi - Senior Equity Research Analyst Operator Good afternoon, and welcome to the ClearSign Technologies First Quarter twenty twenty five Conference Call. All participants will be in a listen only mode. After today's presentation, there ...

Financial Data and Key Metrics Changes - For Q1 2025, the company recognized approximately $400,000 in revenues, a decrease from $1,100,000 in the same period in 2024, primarily due to a decrease in process burner shipments [5][6] - The net loss increased by approximately $1,000,000 compared to Q1 2024, attributed to decreased sales volume and $581,000 in legal fees [6][7] - Net cash used in operations was approximately $1,100,000 for Q1 2025, compared to $1,000,000 in Q1 2024, with cash and cash equivalents at approximately $12,800,000 at the end of Q1 2025 [8][9] Business Line Data and Key Metrics Changes - The revenue decrease was largely due to a shift from process burner shipments to spare parts orders [6] - The company has received a large order for 26 process burners for a Texas Gulf Coast chemical company, which is currently in testing [11][12] - A repeat order for flare products has been received, indicating a resurgence in this product line driven by regulatory needs [13][14] Market Data and Key Metrics Changes - The number of quotations provided this year has doubled compared to the same period last year, with the total value of proposals being just under five times that of the previous year [30][31] - The company is seeing increased interest in the midstream market, with repeat inquiries from established customers [35][36] Company Strategy and Development Direction - The company is focusing on diversifying product lines and sales channels, with ongoing efforts to engage with channel partners like Zico [28][36] - There is a strong emphasis on expanding the sales pipeline and leveraging relationships with major refineries to establish ClearSign as a credible alternative for emissions control solutions [40][78] - The company is also exploring opportunities in the hydrogen technology space while maintaining its focus on low NOx requirements [68][69] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong interest in their products and the potential for increased inquiries and orders [30][31] - The company is closely monitoring the impact of tariffs and regulatory changes, noting minimal current effects on their operations [66][68] - Upcoming milestones include the startup of significant process burner projects and the engagement with Zico's sales team [55][56] Other Important Information - Legal fees incurred during the quarter were related to an SEC inquiry and stockholder director nominations, which are nearing completion [7] - The ClearSign Eye sensor product line is expected to see commercial traction in the next three to six months as installations begin [94] Q&A Session Summary Question: How are Zico salespeople incentivized to sell ClearSign products? - Management indicated that the incentive system is still being worked out, and discussions about specific incentives for ClearSign products have not yet occurred [61][62] Question: Can additional sensors be deployed at the same supermajor refinery? - Yes, the supermajor has many heaters with potential opportunities for additional sensors, and they have multiple refineries globally [64][65] Question: How does the current tariff and regulatory environment affect the business? - Management noted minimal impact from tariffs, with ongoing monitoring of regulatory changes, particularly regarding hydrogen technology [66][68] Question: What is the competitive landscape for the increased proposal volume? - The proposal growth includes competitive situations, but ClearSign is increasingly seen as a credible alternative to traditional solutions like SCR [77][78] Question: How much of the proposal volume is related to Zico? - Currently, inquiries are primarily from the ClearSign team, with no contributions from Zico yet, indicating that Zico's impact is still to come [82]

Core Insights - ClearSign Technologies Corporation has received an engineering order for an additional retrofit burner for a flare from an energy company in California, indicating a growing demand for low emissions solutions [1][2] - This order marks the second burner sold to this customer within the year and the third overall, reinforcing the company's position in advanced combustion technologies [2] - The retrofit burner is intended to be installed in an enclosed flare at a production facility in the San Joaquin Valley, with installation expected in the fourth quarter of 2025 [2] Company Overview - ClearSign Technologies Corporation specializes in designing and developing technologies aimed at decarbonization, operational performance, energy efficiency, emission reduction, and safety [3] - The company's patented technologies, such as ClearSign Core™ and ClearSign Eye™, enhance combustion systems and fuel safety across various industries, including energy, commercial/industrial boiler, chemical, and power [3]

Core Insights - ClearSign Technologies Corporation is an emerging leader in industrial combustion and sensing technologies aimed at decarbonization, operational efficiency, hydrogen fuel usage, and emission reduction [4] Group 1: Upcoming Conference Call - ClearSign will host a conference call on May 21, 2025, at 5:00 PM ET to discuss its quarterly financial and operational results for the quarter ending March 31, 2025 [1] - The company will file its quarterly report on form 10-Q with the SEC shortly before the call [1] Group 2: Participation Details - Investors can participate in the live call by dialing 1-800-836-8184 within the U.S. or 1-646-357-8785 from abroad, and can also access the call via a listen-only webcast [2] - A Q&A session will be held during the call, with investors encouraged to submit questions in advance via email [2] Group 3: Post-Call Information - The webcast will be archived on the company's investor relations website for at least 90 days, and a telephonic playback will be available for 7 days after the call [3] Group 4: Company Overview - ClearSign develops technologies for decarbonization and enhancing performance in industrial and commercial systems, focusing on energy efficiency, emission reduction, and safety [4] - The company's patented technologies, such as ClearSign Core™ and ClearSign Eye™, are integrated into various markets including energy, chemical, and power industries [4]