ClearSign sees Q4 revenue $1.2M vs. $50,000 last year

Sees FY23 revenue $2.3M vs. $374,000 last year. Additionally, the Company reported a net loss of approximately $5.8M for the year ended 2022, and estimates that the preliminary net loss for the FY23 will range between $5.4M-$5.1M.ClearSign Technologies provides preliminary unaudited financial results for the three months and year ended December 31, 2023. “During the Q4, we successfully completed our largest refinery heater installation and start up to date and received third party validation confirming our emissions guarantees were achieved for this California multi-burner project. With our contractual obligations met, the total revenue recognized in connection with the California project for the fourth quarter of 2023 is approximately $1.2M. Achieving revenue of this level is a significant milestone for ClearSign,” said Jim Deller CEO of ClearSign.