NASDAQ$CLIR

ClearSign Technologies Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

ClearSign reported revenue growth driven by initial commercial orders and strategic branding initiatives in Q3 2023.

ClearSign Technologies Corporation reported revenue of $85 thousand for the third quarter ended September 30, 2023, compared to zero revenue for the same period in 2022. The company is focused on expanding its operational reference list and has seen promise in its new boiler burner line branding. They also completed successful phase 1 testing of Ultra-Low NOx 100% Hydrogen Burner and were awarded Phase 2 SBIR Grant for $1.65M.

  • Started up first commercial boiler burner installation.
  • Texas chemicals burner is installed and awaiting start up.
  • Burners for two fast track refinery heaters are scheduled to start up next month and early in the new year.
  • Launched new branding of boiler burner line with Rogue.

Headline financials

Total Revenue

$85K

Previous: $324K-73.8%
EPS (adj)

-$0.03

Previous: -$0.03+0.0%
Common shares outstanding

38.6M

No prior period
Capital Expenditures

-$5K

Previous: -$5K+0.0%
Free Cash Flow

-$1.34M

Previous: -$1.32M-1.5%
Net Income

-$1.33M

Previous: -$1.31M-1.5%
Operating Income

-$1.5M

Previous: -$1.44M-4.3%
Gross Profit

$24K

Previous: $123K-80.5%
Cash & Equivalents

$7.2M

Previous: $5.88M+22.4%
Total Assets

$9M

Previous: $11.9M-24.2%
R&D Expense

$93K

No prior period
Stock-Based Comp

$119K

Previous: $177K-32.8%

Revenue & EPS history

ClearSign · Revenue · Quarterly

$85K

Q3 2023-73.8%vs Q3 2022
Beat estimate in 2 of 10 quarters(20%)
ActualEstimate

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 Q3 2023

Historical avgQ3 2023

+0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+0.0%

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%+17.8%
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

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