Latest news with #CLIR
Yahoo
11 hours ago
- Business
- Yahoo
ClearSign Technologies Corp (CLIR) Q2 2025 Earnings Call Highlights: Revenue Growth and ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ClearSign Technologies Corp (NASDAQ:CLIR) reported a significant year-over-year increase in revenues for Q2 2025, driven by spare parts orders and a boiler burner sale. The company achieved a reduction in net loss by approximately $200,000 compared to the same period in 2024, primarily due to decreased research and development expenses. ClearSign Technologies Corp (NASDAQ:CLIR) successfully reduced its net cash used in operations by approximately $1 million year-over-year, attributed to customer cash collections. The company has a strong cash position with approximately $12.3 million in cash and cash equivalents as of June 30, 2025. ClearSign Technologies Corp (NASDAQ:CLIR) is actively working on significant projects, including two large process burner orders for major refiners and chemical companies, which are expected to drive future revenue. Negative Points Despite the progress, there is a perceived lack of news and order announcements, leading to concerns about the company's progress. The company has experienced delays in project timelines, affecting the start-up of significant installations. Board transitions and resignations have occurred, although the company states there is no cause for concern. There is uncertainty in the market due to factors like tariffs and environmental regulations, which may delay orders. The company is still in the process of expanding its market presence and product offerings, which may take time to materialize into significant revenue. Q & A Highlights Warning! GuruFocus has detected 3 Warning Signs with CLIR. Q: There have been recent announcements about board transitions. Is this a cause for concern? A: Jim Deller, CEO: No, it's not a concern. The board has been reconstituted with new members who are energized to help ClearSign grow. The changes have been significant, but I am pleased with the current board situation and looking forward to the future. Q: The company has been quiet in terms of news. Can you explain what's been happening behind the scenes? A: Jim Deller, CEO: Despite the lack of order announcements, significant work has been ongoing. We have two large process burner orders for major refiners and chemical companies. One project in California is about to start up, and another for a Gulf Coast Chemical Company is moving into the manufacturing phase. We expect these to drive revenue this year. Q: Can you provide more details about the recent advanced engineering order announcement? A: Jim Deller, CEO: The announcement on August 7th was for engineering work to enhance our burner technology. This order allows us to develop new technology and solve a customer's problem, which also helps us bring new technology to market. Q: What is the status of the Department of Energy hydrogen burner development project? A: Jim Deller, CEO: The project is in its final stages, with new burners designed and in manufacture. These burners will be demonstrated in the coming months, and we've received significant industry interest, with discussions for witness testing underway. Q: How is the relationship with Zeco progressing, and what are their motivations for working with ClearSign? A: Jim Deller, CEO: Zeco is a global combustion equipment company, and our partnership extends their product line into low NOx levels. This collaboration is financially beneficial for both parties and helps put ClearSign on the map for a larger audience. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
14 hours ago
- Business
- Yahoo
ClearSign Technologies (CLIR) Reports Q2 Loss, Lags Revenue Estimates
ClearSign Technologies (CLIR) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +25.00%. A quarter ago, it was expected that this combustion systems technology company would post a loss of $0.03 per share when it actually produced a loss of $0.04, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. ClearSign, which belongs to the Zacks Industrial Services industry, posted revenues of $0.13 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 79.22%. This compares to year-ago revenues of $0.05 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ClearSign shares have lost about 59.4% since the beginning of the year versus the S&P 500's gain of 10%. What's Next for ClearSign? While ClearSign has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ClearSign was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $1.43 million in revenues for the coming quarter and -$0.14 on $4.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Industrial Services is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, ScanSource (SCSC), has yet to report results for the quarter ended June 2025. The results are expected to be released on August 21. This technology products distributor is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +13.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. ScanSource's revenues are expected to be $772.85 million, up 3.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ClearSign Technologies Corporation (CLIR) : Free Stock Analysis Report ScanSource, Inc. (SCSC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
21 hours ago
- Business
- San Francisco Chronicle
ClearSign: Q2 Earnings Snapshot
TULSA, Okla. (AP) — TULSA, Okla. (AP) — ClearSign Technologies Corporation (CLIR) on Thursday reported a loss of $1.7 million in its second quarter. The Tulsa, Oklahoma-based company said it had a loss of 3 cents per share. The combustion systems technology company posted revenue of $133,000 in the period. _____
Yahoo
22-05-2025
- Business
- Yahoo
ClearSign Technologies Provides Q1 Operational & Financial Updates
ClearSign Technologies Corporation CLIR provides updates on first-quarter 2025 results and operations prior to hosting its investors' call. As per its latest SEC 10-Q filed on May 15, the company posted revenues of $0.4 million in the first quarter of 2025, down from $1.1 million in the first quarter of 2024. The cost of sales in the quarter was $0.21 million, down 69.2% year-over-year. The gross profit in the quarter fell 55.1% year-over-year to $0.19 million. In the first quarter, the company reported a loss of 4 cents missing the Zacks Consensus Estimate of loss of 3 cents. CLIR posted a loss of 3 cents in the year ago quarter. At the end of March 31, 2025, the company had cash and cash equivalents of $12.8 million. In the first quarter of 2025, ClearSign Technologies introduced its new ClearSign Core M Series Process burner technology that achieved ultra-low nitrogen oxide emissions and improved heat transfer efficiency. CLIR installed the burner into a U.S. Gulf Coast facility of a global chemical company in partnership with its channel partner, Tulsa Midstream was followed by another order for the ClearSign Core M1 burner from Devco Process Heaters for a gas processing facility in Technologies extended its partnership with Zeeco, a combustion solutions leader, to launch Zeeco CS5 and Zeeco Hydrogen CS5 Burners. These burners, featuring ClearSign Core technology, can run on 100% natural gas and 100% hydrogen. They maintain ultra-low nitrogen oxide emissions and will be jointly marketed and sold globally. During the quarter, the company secured an engineering order for a reduced emissions flare burner for an energy company in California. This marks the second order from the company this year, reflecting a growing interest in this product company announced that it would install four ClearSign Eye sensors on each burner of a multi-burner process heater at a major U.S. Gulf Coast refinery. The installation is expected in the second quarter of 2025. ClearSign Technologies shares have lost 6.7% in the past year compared with the industry's decline of 3.3%. Image Source: Zacks Investment Research ClearSign Technologies currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Life360, Inc. LIF, IHI Corporation IHICY and Federal Signal Corporation FSS. LIF and IHICY sport a Zacks Rank #1 (Strong Buy), and FSS has a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks delivered an average trailing four-quarter earnings surprise of 415%. The Zacks Consensus Estimate for LIF's 2025 earnings is pinned at 24 cents per share, which indicates a year-over-year upsurge of 500%. Life360's shares have soared 125% in a Zacks Consensus Estimate for IHI Corp's 2025 earnings is pegged at $1.26 per share, implying a year-over-year increase of 3.8%. IHI Corp's shares have skyrocketed 272% in a Signal delivered an average trailing four-quarter earnings surprise of 6.4%. The Zacks Consensus Estimate for FSS's 2025 earnings is pinned at $3.83 per share, which indicates year-over-year growth of 14.6%. The company's shares have gained 10% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Federal Signal Corporation (FSS) : Free Stock Analysis Report IHI CORP (IHICY) : Free Stock Analysis Report ClearSign Technologies Corporation (CLIR) : Free Stock Analysis Report Life360, Inc. (LIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
ClearSign Technologies Corp (CLIR) Q1 2025 Earnings Call Highlights: Navigating Challenges and ...
Revenue: $400,000 for Q1 2025, down from $1.1 million in Q1 2024. Net Loss: Increased by approximately $1 million compared to Q1 2024. Legal Fees: $581,000 incurred for two separate activities. Cash Used in Operations: Approximately $1.1 million for Q1 2025, compared to $1 million in Q1 2024. Cash and Cash Equivalents: Approximately $12.8 million as of the end of Q1 2025. Outstanding Shares: Approximately 52.4 million as of March 31, 2025. Warning! GuruFocus has detected 3 Warning Signs with CLIR. Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ClearSign Technologies Corp (NASDAQ:CLIR) has seen a significant increase in the number of quotations provided, with the total value of proposals nearly five times higher than the same period last year. The company is making progress with large process burner orders, including a 26-burner order for a Gulf Coast chemicals company and a 20-burner installation for a Los Angeles refinery. ClearSign Technologies Corp (NASDAQ:CLIR) is experiencing a resurgence in its flare product line, driven by new regulatory needs, and has received repeat orders from existing customers. The collaboration with Zeeco is progressing well, with marketing teams working together to engage Zeeco's sales force, which could significantly expand ClearSign's market reach. The ClearSign Eye sensor product line is gaining traction, with upcoming installations in prominent refineries, indicating potential for future growth in this market segment. ClearSign Technologies Corp (NASDAQ:CLIR) reported a decrease in revenues for the first quarter of 2025, down from $1.1 million in the same period in 2024 to approximately $400,000. The company experienced an increase in net loss by approximately $1 million compared to the same quarter in 2024, partly due to decreased sales volume and significant legal fees. There is a perception among some investors that the company has been relatively quiet in terms of public announcements, which may affect investor confidence. The company is still in the early stages of its engagement with Zeeco, and no inquiries have yet come in from Zeeco's sales team, indicating that the partnership's impact is not yet realized. The market for boiler burners has been generally quiet, with only a recent increase in inquiries, suggesting potential challenges in this product line. Q: Can you provide an update on the recent press release about a flare order and its significance for ClearSign? A: Colin Deller, CEO, explained that the recent flare order is a repeat order from an existing customer, indicating growing traction in this product line. The order involves engineering and building a flare burner designed for low NOx emissions. This development highlights ClearSign's ability to retrofit existing products and meet new regulatory needs. Q: What progress has been made with the large process burner orders for major refineries? A: Colin Deller, CEO, stated that ClearSign has two significant process burner orders in progress. The first involves 20 burners for a Los Angeles refinery, scheduled for installation in Q3 2025. The second is a 26-burner order for a Gulf Coast chemicals company, currently in final engineering and testing phases. These installations are crucial for establishing ClearSign's reputation in the industry. Q: How is the partnership with Zeeco progressing, and what impact is it expected to have on sales? A: Colin Deller, CEO, mentioned that the partnership with Zeeco is progressing well, with marketing teams collaborating effectively. The first inquiries from Zeeco's sales leads are anticipated soon, which could significantly expand ClearSign's market reach and sales opportunities. Q: Can you provide insights into the sales pipeline and market interest in ClearSign's products? A: Colin Deller, CEO, reported that the number of quotations provided this year has doubled compared to last year, with the total value of proposals nearly five times higher. This indicates strong market interest and potential growth, although these are not yet confirmed orders. Q: What is the status of the ClearSign Eye sensor product line, and what are the expectations for its commercialization? A: Colin Deller, CEO, shared that the ClearSign Eye sensors are in production for a Gulf Coast refinery, with installation expected in the coming months. The sensors address industry needs for reliable flame detection, and commercial orders are anticipated to increase as the product proves its value in the field. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
