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ClearSign Combustion (CLIR)
NASDAQ:CLIR
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Earnings Data
Report Date
Apr 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.03Last Year’s EPS
-$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: 16.26%
|Next Earnings Date:Apr 03, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, with record-breaking revenue figures and significant strategic partnerships being highlighted. However, there were challenges noted, such as the suspension of China operations and delays in California projects. On balance, the positive aspects outweighed the negative.Company Guidance
During the ClearSign Technologies Q3 2024 earnings call, the executives provided several key metrics and guidance. The company reported a record quarterly revenue of approximately $1.9 million, a significant increase from $85,000 in the same period in 2023, driven mainly by a large order of process burners for a California refinery. Year-to-date revenues by the end of September 2024 reached $3 million, marking a $1.9 million increase over the previous year, also setting a company record. The gross profit margin improved by 11% year-over-year, rising to 33%. Despite a one-time $394,000 accrual estimate due to the suspension of China operations, the net loss decreased by 2.5%, amounting to a $104,000 improvement compared to the previous year. The company ended the quarter with a cash balance of approximately $14.5 million, with net cash used in operations amounting to $1.4 million. Looking forward, the company emphasized its growing order pipeline, including a notable 26-burner order for a Fortune 500 petrochemical company on the U.S. Gulf Coast, and the potential impact of new partnerships, particularly with Zeeco, on future revenue growth.Record Quarterly Revenue
The company recognized approximately $1.9 million in revenues for Q3 2024, compared to $85,000 for the same period in 2023, driven by the shipment of multiple process burners to a California refinery.
Largest Year-to-Date Revenue
Year-to-date revenues for the 9 months ended September 30, 2024, reached approximately $3 million, marking a $1.9 million increase over the prior comparable period in 2023.
Improvement in Gross Profit Margin
Year-to-date gross profit margin increased by 11%, from 22% in 2023 to 33% in 2024.
Significant Order from Fortune 500 Company
A major order was received for 26 burners from a Fortune 500 petrochemical company on the U.S. Gulf Coast.
Strategic Partnership with Zeeco
ClearSign and Zeeco are working on a joint branding initiative to promote ClearSign's process burner technology, expanding marketing and sales reach.
Successful Third-Party Testing of Boiler Burners
Third-party study found that a boiler fitted with ClearSign burner consumed 4% less energy than industry-standard burners, providing significant cost savings and CO2 reductions.
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CLIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $0.97 | $1.13 | +16.49% |
| Aug 21, 2024 | $0.74 | $0.71 | -4.05% |
| May 23, 2024 | $0.76 | $0.90 | +18.42% |
| Apr 23, 2024 | $0.87 | $0.79 | -9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ClearSign Combustion (CLIR) report earnings?
ClearSign Combustion (CLIR) is schdueled to report earning on Apr 03, 2025, TBA Not Confirmed.
What is ClearSign Combustion (CLIR) earnings time?
ClearSign Combustion (CLIR) earnings time is at Apr 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLIR EPS forecast?
CLIR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.03.
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