ClearSign Technologies Corporation

NasdaqCM:CLIR Stock Report

Market Cap: US$25.5m

ClearSign Technologies Future Growth

Future criteria checks 2/6

ClearSign Technologies is forecast to grow revenue at 44.8% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Machinery earnings growth16.3%
Revenue growth rate44.8%
Future return on equityn/a
Analyst coverage

Low

Last updated14 Apr 2026

Recent future growth updates

Recent updates

Analysis Article • Nov 18

Companies Like ClearSign Technologies (NASDAQ:CLIR) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jul 18

ClearSign Technologies Corporation's (NASDAQ:CLIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Key Insights ClearSign Technologies will host its Annual General Meeting on 25th of July Total pay for CEO Jim Deller...
Analysis Article • Nov 23

Here's Why We're Not Too Worried About ClearSign Technologies' (NASDAQ:CLIR) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Mar 01

ClearSign Technologies (NASDAQ:CLIR) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Sep 20

ClearSign Technologies (NASDAQ:CLIR) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Apr 08

We Think ClearSign Technologies (NASDAQ:CLIR) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Seeking Alpha • Aug 31

Clearsign Technologies Q2 2022 Earnings Preview

Clearsign Technologies (NASDAQ:CLIR) is scheduled to announce Q2 earnings results on Thursday, September 1st, after market close. The consensus EPS Estimate is -$0.04 and the consensus Revenue Estimate is $0.71M. Over the last 3 months, EPS estimates have seen 1 upward revision and 0 downward.
Seeking Alpha • Aug 23

ClearSign Technologies sells enclosed oxidizer to Canadian hydrogen technology production company

ClearSign Technologies (NASDAQ:CLIR) announces the sale of a ClearSign Core enclosed oxidizer for installation in a pilot scale hydrogen production plant.  The Canadian customer is developing a breakthrough technology for the production of clean hydrogen.  "The inclusion of our ultra low emissions enclosed oxidizer into new hydrogen energy technology demonstrates a commitment to both low carbon and low pollution initiatives on the part of our client. We are grateful for this installation, and the exposure we anticipate it will provide for ClearSign and our products, and look forward to the wider deployment of this new hydrogen producing technology." said Jim Deller, Ph.D., CEO.
Seeking Alpha • Jul 27

Watch ClearSign After Stock Bounces From $1.10 Multiple Times

ClearSign is down sharply since December 2020. The company still earns no revenue: watch cash burn rates and cash on hand for now. Stock bottomed multiple times at around $1.10. Since initiating bullish coverage on ClearSign (CLIR) almost two years ago with a strong buy rating, CLIR stock could not break out of a perpetual downtrend. Shares traded at $4.00 in July 2021 and kept falling. Other than the occasional "rip," rallies faded. Speculators bet that Chief Executive Officer Jim Deller would finally announce Exxon (XOM) validating its clean energy projects. Instead, the firm needed to recognize $712,000 in expenses for the Exxon project. It announced a common stock offering on May 26, 2022, further pressuring the stock to a low of $1.05 on June 16, 2022. As its market capitalization shrinks to $42 million at the time of writing, what are ClearSign's prospects from here? Highlights from the First Quarter of 2022 Investors need to watch a company's cash burn, cash balance, and negative earnings when they are in a pre-revenue phase. In the last quarter, ClearSign posted a 5-cent loss per share on a GAAP basis. It ended the quarter with $6,667,000 in cash and cash equivalents. The firm burned through approximately $1.5 million in the quarter. This is consistent with last year's cash burn rate. The company improved its net loss to $1.5 million, $500,000 better than last year. It cut staff costs and restructured its compensation plan for its Board of Directors. It also raised around $614,000 in the quarter by selling ~ 496,000 shares at an average price of $1.24 a share. In its June 1 underwriting, ClearSign raised around $4.2 million by issuing 4.186 million shares. Importantly, the firm should have enough cash to operate until 2024. Key Developments In May 2022, the Department of Energy awarded ClearSign with a grant to develop a hydrogen-fueled ultra-low NOx process burner. The initial funding is worth $250,000. The project will last six months. It started at the end of June 2022. The project would enable the adoption of hydrogen fuel for industrial heating. Although carbon dioxide and nitrogen oxide decarbonization reduction is critical for clean energy solutions, the industry has other priorities. The lack of investments in U.S. energy market infrastructure weakens the country. It increases its reliance on energy imports. Potential clients are deprioritizing clean energy initiatives. Fortunately, the Department of Energy's involvement enables ClearSign to continue finding solutions to reduce CO2 and NOx emissions. ClearSign is hopeful that its Core Process Burner technology will allow burners to burn fuels having up to 100% hydrogen while cutting NOx emissions. If successful, the Department of Energy will grant the company up to $1.6 million in the Phase 2 work. This phase of the project is for two years. In January 2022, ClearSign launched and successfully demonstrated its California Boiler. A third-party source confirmed the burner's performance that month. CLIR stock bottomed at the time and staged a rally to $1.80 in April. Weak stock market conditions, led by the S&P 500, ended ClearSign's rally. Small capitalization companies fared worse. Exxon Updates Absent On Sept. 3, 2021, ClearSign said it received a verbal notification from ExxonMobil which put on hold the testing of its ClearSign Core process burners. ExxonMobil reasoned that it did not have enough time to include the installation at its Baytown, Texas refinery in 2022. Worryingly, the company did not post any discussion updates since last year's announcement. After nearly a year, investors may speculate that ClearSign is due to issue a news release on any developments by September. Delays in China China locked down Shanghai for nearly two months. During the downtime, ClearSign continued project work activity. For example, it plans to certify the watertube boiler for the Beijing Heating Group. Although it re-opened in June by loosening its Covid restrictions, the country is increasing lockdown efforts countrywide. Still, once Chinese government officials return to work, they will process visas for ClearSign's personnel. As a result, the company will continue certification efforts for its 500-horsepower midrange fire tube boiler burner. Other Risks Markets are losing interest in ClearSign's project results. Speculators may blame weak stock market conditions for the stock's decline. However, the company had almost two years to obtain certification for its boiler burner. This would result in its first major supply deal. Without any revenue, shareholders are justifiably concerned that the company will run out of money. ClearSign has enough cash until 2024. It may need to raise more cash to cover operations should it win a supply deal. Stock Scores Seeking Alpha has limited data to formulate a stock score. Based on its EV/sales data, the stock's valuation grade is a C- as shown below.
Analysis Article • Jun 15

We Think ClearSign Technologies (NASDAQ:CLIR) Needs To Drive Business Growth Carefully

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Mar 02

We Think ClearSign Technologies (NASDAQ:CLIR) Needs To Drive Business Growth Carefully

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Nov 16

Here's Why We're Watching ClearSign Technologies' (NASDAQ:CLIR) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Seeking Alpha • Jul 27

Buy ClearSign After The Stock Dips Again

Concerns of China crackdown in other industries hurting CLIR stock. Project progressing. Upside depends on ClearSign reporting project success with Exxon.

Earnings and Revenue Growth Forecasts

NasdaqCM:CLIR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202827N/AN/AN/A1
12/31/202712N/AN/AN/A1
12/31/20267N/AN/AN/A1
12/31/20255-5-5-5N/A
9/30/20252-6-4-4N/A
6/30/20253-6-4-3N/A
3/31/20253-6-5-4N/A
12/31/20244-5-5-4N/A
9/30/20244-5-6-5N/A
6/30/20243-5-6-5N/A
3/31/20243-5-4-4N/A
12/31/20232-5-3-3N/A
9/30/20231-6-3-3N/A
6/30/20231-6-2-2N/A
3/31/20231-6-4-4N/A
12/31/20220-6-5-5N/A
9/30/20220-6-6-5N/A
6/30/20220-7-7-6N/A
3/31/20220-7-7-7N/A
12/31/20211-8-7-7N/A
9/30/20211-9-8-7N/A
6/30/20210-8-7-7N/A
3/31/20210-7-6-6N/A
12/31/2020N/A-7-6-6N/A
9/30/2020N/A-7-6-6N/A
6/30/2020N/A-7-6-6N/A
3/31/2020N/A-8-7-6N/A
12/31/2019N/A-8-7-7N/A
9/30/2019N/A-9N/A-8N/A
6/30/2019N/A-10N/A-8N/A
3/31/2019N/A-10N/A-9N/A
12/31/20181-9N/A-8N/A
9/30/20181-10N/A-9N/A
6/30/20181-10N/A-9N/A
3/31/20181-10N/A-8N/A
12/31/20171-10N/A-8N/A
9/30/20171-9N/A-8N/A
6/30/20171-11N/A-8N/A
3/31/20171-11N/A-8N/A
12/31/20161-11N/A-9N/A
9/30/20160-11N/A-8N/A
6/30/20160-10N/A-8N/A
3/31/20160-9N/A-7N/A
12/31/20150-8N/A-6N/A
9/30/2015N/A-8N/A-6N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CLIR's forecast earnings growth is above the savings rate (3.5%).

Earnings vs Market: Insufficient data to determine if CLIR's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if CLIR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CLIR's revenue (44.8% per year) is forecast to grow faster than the US market (11.7% per year).

High Growth Revenue: CLIR's revenue (44.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CLIR's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 12:02
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ClearSign Technologies Corporation is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amit DayalH.C. Wainwright & Co.