NASDAQ$CLIR

ClearSign Technologies Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

ClearSign Technologies Corporation provided an update on operations.

ClearSign Technologies reported on its Q1 2022 activities, including closing an underwritten public offering of common stock for gross proceeds of approximately $4,646,460, receiving a grant from the Department of Energy, an initial order for a multi-heater project from a California refinery, successful installation of a process burner order for a Super Major's European Refinery and relocating company headquarters to Tulsa, OK. Cash and cash equivalents were approximately $6,667,000 on March 31, 2022.

  • Closed an underwritten public offering of Common Stock with gross proceeds of approximately $4,646,460.
  • Awarded a grant from the Department of Energy to develop a hydrogen fueled ultra-low NOx process burner.
  • Received an initial engineering order from a large independent national refiner for a multi-heater project in California.
  • Successfully installed a process burner order for a Super Major's European Refinery.

Headline financials

Total Revenue

$0.00

Previous: $363K-100.0%
EPS (adj)

-$0.05

Previous: -$0.07+28.6%
Capital Expenditures

-$5K

Previous: -$54K+90.7%
Free Cash Flow

-$1.5M

Previous: -$2.08M+28.0%
Net Income

-$1.49M

Previous: -$2.02M+26.3%
Operating Income

-$1.52M

Previous: -$2.02M+24.9%
Gross Profit

$138K

Previous: $138K+0.0%
Cash & Equivalents

$6.67M

Previous: $10.7M-37.8%
Total Assets

$8.64M

Previous: $13.5M-35.9%
Stock-Based Comp

$80K

Previous: $620K-87.1%

Revenue & EPS history

ClearSign · Revenue · Quarterly

$0

Q1 2022-100%vs Q1 2021
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

The company intends to use the net proceeds from the offering for working capital, research and development, marketing and sales, and general corporate purposes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-3.2%

Avg return

30 days after

42%

15 / 36 earnings

Positive

+29.3%

Q4 2022

Best reaction

-16.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.6%
Q4 2025+0.0%+0.8%-17.6%
Q3 2025+0.0%-6.8%-34.1%
Q2 2025-8.2%-11.5%-11.5%
Q1 2025-12.7%-19.7%-12.7%
Q4 2024-16.3%-31.5%-19.2%
Q3 2024+26.3%+15.6%+25.6%
Q2 2024-1.9%+6.9%+22.2%
Q1 2024+19.2%+9.2%-13.2%
Q4 2023+2.8%+0.0%+13.9%
Q3 2023-3.1%-3.5%+52.3%
Q2 2023-8.1%-11.7%-1.8%
Q1 2023+7.4%+6.7%+7.4%
Q4 2022+29.3%+12.2%+20.7%
Q3 2022+1.4%-14.5%-21.7%
Q2 2022+4.0%+7.1%-7.1%
Q1 2022+9.8%+2.4%+2.4%
Q4 2021-9.1%-19.4%-15.2%
Q3 2021+7.2%-9.0%-13.3%
Q2 2021-5.0%-6.2%-25.5%
Q1 2021+1.7%+12.0%-88.2%
Q3 2020-0.4%+15.0%+22.3%
Q2 2020-4.5%-5.7%-7.7%
Q1 2020+5.3%-14.0%+49.1%
Q3 2019-10.5%-6.7%-25.7%
Q2 2019-2.6%-7.7%+4.3%
Q1 2019+0.0%-2.8%-14.0%
Q3 2018+7.4%+17.0%+3.7%
Q2 2018-1.6%+11.4%-2.6%
Q1 2018+2.9%+13.1%+18.9%
Q3 2017+0.0%-17.4%+1.4%
Q2 2017+0.0%-8.8%-5.9%
Q1 2017-1.4%+8.3%+0.0%
Q3 2016+4.8%+6.0%-11.9%
Q3 2012-3.6%
Q1 2012+3.1%
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro