ClearSign Q1 revenue up 22% YoY to $1.1M; closes $8.7M equity offering

ClearSign Technologies Corp

2024-Q1 EPS reported -$0.03 revenue$1,102,000

Revenue $1.1M vs $900k in Q1 2023, up 22% YoY.
Cash and short-term investments $4.6M as of March 31, 2024.
Closed equity offering post-quarter with net proceeds ~$8.7M; overallotment exercised May 10.
Successful start-up of second multi-burner heater at Kern Energy; two additional engineering orders received.
Received first multi-boiler burner purchase order via partner California Boiler.

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