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ClearSign Combustion (CLIR)
NASDAQ:CLIR
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ClearSign Combustion
(NASDAQ:CLIR)
45Neutral
ClearSign Combustion (CLIR) vs. S&P 500 (SPY)
Market Cap
$30.94M
Dividend YieldN/A
Average Volume (3M)81.57K
Price to Earnings (P/E)―
Beta (1Y)1.89
Revenue Growth49.65%
EPS Growth16.68%
CountryUS
Employees18
SectorIndustrials
Sector Strength78
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.02
Shares Outstanding52,418,780
10 Day Avg. Volume55,348
30 Day Avg. Volume81,569
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.89
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit71.68
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.00Price Target Upside238.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
ClearSign Combustion Business Overview & Revenue Model
Company DescriptionClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications. The company also provides ClearSign Core Boiler Burner; and ClearSign Core Flaring Burners technologies. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. The company was formerly known as ClearSign Combustion Corporation and changed its name ClearSign Technologies Corporation in November 2019. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.
How the Company Makes MoneyClearSign makes money by selling its proprietary combustion technology solutions and related services to industrial clients across multiple sectors. The company's revenue model primarily relies on the sale and licensing of its technology, which includes the ClearSign Core™ and ClearSign Eye™ systems, designed to enhance the combustion process and reduce harmful emissions. Additionally, ClearSign may generate revenue through partnerships and collaborations with industry leaders, leveraging its technology to create integrated solutions for its clients. The company also benefits from regulatory trends and mandates aimed at reducing industrial emissions, which can drive demand for its products and services.
ClearSign Combustion Financial Statement Overview
Summary
ClearSign Combustion shows revenue growth but faces profitability and cash flow challenges. Despite a strong equity position and low leverage, negative net income and cash flows pose risks to sustainability. The company needs to improve operational efficiency to leverage growth potential.Income Statement
ClearSign Combustion has shown some improvement in revenue growth over the past year, increasing from $2.4 million to $3.6 million. However, the company continues to face significant challenges with negative EBIT and net income, reflecting ongoing profitability issues. The gross profit margin is positive, but the net profit margin remains negative, indicating that the company is struggling to turn revenue growth into profit.―
Balance Sheet
The company maintains a relatively strong equity position with an equity ratio of roughly 86.5%. The debt-to-equity ratio is low, suggesting conservative leverage. However, the negative net income impacts return on equity negatively, which remains a concern for profitability. Overall, the balance sheet shows stability with manageable debt levels.60
Cash Flow
Operating cash flow remains negative, raising concerns about the company's ability to generate sufficient cash from operations. Free cash flow is also negative, despite positive financing cash flow. The free cash flow to net income ratio is unfavorable, indicating ongoing cash flow challenges despite revenue growth.―
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.40M | 374.00K | 607.00K | 0.00 | 0.00 | Gross Profit |
| 817.00K | 116.00K | -452.00K | -279.00K | -1.00K | EBIT |
| -5.98M | -5.88M | -8.14M | -6.93M | -8.58M | EBITDA |
| -5.68M | -5.47M | -7.63M | -6.72M | -8.58M | Net Income Common Stockholders |
| -5.19M | -5.40M | -7.89M | -6.84M | -8.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.68M | 9.06M | 7.61M | 8.82M | 8.55M | Total Assets |
| 7.62M | 10.93M | 9.36M | 11.12M | 10.94M | Total Debt |
| 243.00K | 359.00K | 555.00K | 669.00K | 595.00K | Net Debt |
| -5.44M | -6.09M | -7.05M | -8.15M | -7.96M | Total Liabilities |
| 2.43M | 1.37M | 1.08M | 1.58M | 1.72M | Stockholders Equity |
| 5.19M | 9.55M | 8.28M | 9.54M | 9.22M |
| Cash Flow | Free Cash Flow | |||
| -3.43M | -5.16M | -6.92M | -6.16M | -7.32M | Operating Cash Flow |
| -3.23M | -4.99M | -6.71M | -5.96M | -6.90M | Investing Cash Flow |
| 2.49M | -2.69M | -213.00K | -194.00K | 6.50M | Financing Cash Flow |
| -15.00K | 6.54M | 5.69M | 6.43M | 14.00K |
ClearSign Combustion Technical Analysis
Neutral
0.59
Price Trends
0.69
Negative
0.93
Negative
0.89
Negative
Market Momentum
-0.04
Negative
45.53
Neutral
76.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLIR, the sentiment is Neutral. The current price of 0.59 is above the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.69, and below the 200-day MA of 0.89, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 76.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CLIR.
ClearSign Combustion Risk Analysis
ClearSign Combustion disclosed 37 risk factors in its most recent earnings report. ClearSign Combustion reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ClearSign Combustion Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.27B | 11.80 | 5.31% | 249.79% | 4.07% | -9.02% | |
59 Neutral | $9.02M | 12.09 | 4.68% | ― | 6.59% | 615.58% | |
50 Neutral | $29.23M | ― | -4.54% | ― | -7.19% | -24.85% | |
45 Neutral | $30.94M | ― | -55.91% | ― | 49.65% | 16.68% | |
39 Underperform | $47.12M | ― | ― | ― | ― | ||
38 Underperform | $15.83M | ― | -71.87% | ― | 5.23% | -30.55% | |
37 Underperform | $14.22M | ― | -60.98% | ― | -18.87% | -9.47% |
* Industrials Sector Average
Performance Comparison
CLIR
ClearSign Combustion
0.59
-0.23
-28.05%
CLWT
Euro Tech Holdings Company
1.15
-0.56
-32.75%
FTEK
Fuel Tech
0.97
-0.31
-24.22%
LIQT
LiqTech International
1.38
-1.33
-49.08%
SCWO
374Water
0.30
-1.16
-79.45%
TOMZ
TOMI Environmental Solutions
0.80
0.14
21.21%
ClearSign Combustion Earnings Call Summary
Earnings Call Date:Apr 02, 2025
(Q4-2024)
| % Change Since: -19.18%|
Next Earnings Date:Jun 24, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted ClearSign Technologies' record revenues for 2024 and their strategic expansion through partnerships and new product lines. However, challenges such as a decline in Q4 revenue, decreased profit margins, and a net loss tempered the positive outlook. The company also faces a NASDAQ compliance issue, adding to its challenges.Q4-2024 Updates
Positive Updates
Record Revenue for 2024
ClearSign Technologies achieved record revenues of approximately $3.6 million for the full year of 2024, marking a 50% increase compared to $2.4 million in 2023.
Significant Order for Process Burners
The company secured a follow-on purchase order for 26 burners, stemming from a successful process burner engineering study.
Expansion of Sales Channels with Zeeco
ClearSign announced a co-branded process burner product line with Zeeco, expanding their market reach through Zeeco's global sales team.
Introduction of M-Series Burners
The new M-Series burner, optimized for midstream heaters, successfully demonstrated 2 ppm NOx emissions and received positive initial feedback.
Broadened Market Opportunities
Plans to diversify product lines and expand into new markets, including potential large system projects and the midstream industry.
Negative Updates
Revenue Decline in Q4 2024
ClearSign recognized approximately $590,000 in revenues for Q4 2024, compared to $1.3 million in the same period in 2023, due to decreased business activity.
Decreased Gross Profit Margin
The gross profit margin decreased from 34% in 2023 to 31.1% in 2024, attributed to higher than expected startup costs for a large boiler burner installation.
Net Loss for 2024
The company reported a net loss of approximately $5.3 million for 2024, an increase due in part to a $400,000 non-recurring expense related to the China entity.
NASDAQ Compliance Issue
ClearSign received a notice from NASDAQ for not meeting the minimum bid price requirement of $1 per share, with a deadline to regain compliance by September 29, 2025.
Company Guidance
During the ClearSign Technologies Fourth Quarter and Full Year 2024 Conference Call, the company provided several key financial metrics and strategic insights. ClearSign reported approximately $590,000 in revenues for Q4 2024, down from $1.3 million in Q4 2023, attributed to decreased business activity. However, for the full year 2024, the company achieved record revenues of approximately $3.6 million, marking a 50% increase from $2.4 million in 2023, driven by increased shipments of process burners. The gross profit margin for 2024 was 31.1%, down from 34% in 2023, impacted by startup costs for a large boiler burner installation. The net cash used in operations was approximately $4.4 million, up from $3.2 million in 2023, due to a $1 million decrease in contract liabilities. ClearSign recorded a net loss of approximately $5.3 million for 2024, a slight increase from 2023, partly due to a $400,000 non-recurring expense related to its China entity. As of December 31, 2024, the company held approximately $14 million in cash, with 50.2 million shares of common stock outstanding. ClearSign was also notified by NASDAQ regarding non-compliance with the minimum bid price rule, with a deadline of September 29, 2025, to regain compliance. Looking ahead, ClearSign emphasized diversifying product lines, leveraging sales channels, and expanding into larger system projects to drive future growth.ClearSign Combustion Corporate Events
Business Operations and StrategyFinancial Disclosures
ClearSign Combustion Reports Record Annual Revenue Growth
Positive
Apr 4, 2025
On April 2, 2025, ClearSign Technologies Corporation announced record annual revenue of $3.6 million for the year ended December 31, 2024, driven by significant orders for process and boiler burners. The company is expanding its market presence through collaborations, such as the co-branded burner line with Zeeco, and is actively enhancing its product offerings to increase its market scope. Recent strategic developments include a multi-heater project in Texas, installation of ClearSign Eye sensors in a Gulf Coast refinery, and new burner orders for power generation customers in Oklahoma and Missouri. These achievements are expected to positively impact ClearSign’s future growth and industry positioning.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.