ClearSign reports record 2023 revenue of $2.4M, up 542% YoY; raises $9.3M

ClearSign Technologies Corp

Full year 2023 revenue $2.4M vs $374K in 2022; Q4 2023 revenue $1.2M vs $50K in Q4 2022.
Raised ~$9.3M gross from underwritten public offering and private placement, closed April 23, 2024.
Received California SCAQMD BACT emissions limits based on its process burner performance.
First multi-boiler burner purchase order from California Boiler for four boilers with ClearSign Core burners.
Cash and equivalents $5.6M as of Dec 31, 2023; 38.7M shares outstanding.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ClearSign Technologies Corp reported year ended December 31, 2023 results: revenue $2.4 million.

Period: year ended December 31, 2023
Revenue: $2.4 million
Result: reported results

Exact text from the filing

The Company reported $2.4 million revenue for the full year 2023 compared to $374 thousand for the comparable period in 2022.

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ClearSign Technologies Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-052066

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