earnings
confidence medium
sentiment positive
materiality 0.75
ClearSign Q3 revenue record $1.85M, up from $85K YoY
ClearSign Technologies Corp
2024-FY EPS reported
-$0.02
revenue$3,006,000
- Record quarterly revenue of $1.85M in Q3 2024 vs $85K in Q3 2023, driven by 20 process burner shipment to California refinery.
- Cash and equivalents ~$14.5M as of Sept 30, 2024; 50.2M shares outstanding.
- Received initial engineering order for flare retrofit at California production facility; fabrication expected Q2 2025.
- Received burner orders from Exotherm for power generation customers in Oklahoma and Missouri.
- Received initial engineering order from Birwelco for 26 ClearSign Core burners in multi-heater project at Texas petrochemical plant.