ClearSign Q3 revenue $85k; first commercial boiler burner startup; hydrogen grants

ClearSign Technologies Corp

Revenue approx $85k in Q3 2023 vs zero year-ago; cash & short-term investments $7.2M as of Sep 30.
First commercial boiler burner installation started up; launched Rogue NZN/S5/S9 boiler burner line.
Hired Matthew Martin as CTO; focus on expanding ClearSign Core technology into new markets.
Completed Phase 1 testing of 100% hydrogen burner; awarded Phase 2 SBIR grant of $1.65M from DOE.
SoCalGas collaboration with additional $500k funding for hydrogen burner project; advancing commercialization.

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 third quarter ended September 30, 2023 results: revenue approximately $85 thousand.

Period: the third quarter ended September 30, 2023
Revenue: approximately $85 thousand
Result: reported results

Exact text from the filing

The Company recognized approximately $85 thousand in revenue during the three months ended September 30, 2023, as compared to zero revenue for the same period of 2022.

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Source: SEC EDGAR

accession 0001104659-23-118741

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