ClearSign Q1 revenue $900k vs zero YoY; secures multiple burner orders in California and Texas

ClearSign Technologies Corp

2023-Q1 EPS reported -$0.04 revenue$894,000

Q1 2023 revenue ~$900k, compared to zero in Q1 2022; cash $8.5M as of March 31, 2023.
Received engineering order and follow-on order for 13 burners for two heaters from a California refinery.
Completed Phase 1 testing of ultra-low NOx hydrogen burner; submitted Phase 2 grant proposal for up to $1.6M.
Entered Texas Gulf Coast market with burner sale to global chemical company; installation scheduled Q3 2023.
Announced first two boiler burner sales into California market in medical waste and recycling services verticals.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ClearSign Technologies Corp reported the first quarter ended March 31, 2023 results: revenue $900 thousand.

Period: the first quarter ended March 31, 2023
Revenue: $900 thousand
Result: reported results

Exact text from the filing

The Company recognized approximately $900 thousand in revenue during the three months ended March 31, 2023, as compared to zero revenue for the same period of 2022.

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Source: SEC EDGAR

accession 0001104659-23-063815

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