NASDAQ$CLIR

ClearSign Technologies Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Provided update on operations for the full year ended December 31, 2022.

ClearSign Technologies Corporation reported on its operations for the full year ended December 31, 2022, highlighting recent sales, progress with a California refinery project, and success in developing a 100% Ultra Low NOx hydrogen burner.

  • Completed final multi burner testing and demonstration phase for 20 burner California project.
  • Completed successful Phase 1 testing of Ultra-Low NOx 100% Hydrogen Burner.
  • Entered the Texas Gulf Coast Market with Burner Sale to Global Chemical Company.
  • Announced First and Second Boiler Burner Sales into the California Market.

Headline financials

Total Revenue

$50K

Previous: $54K-7.4%
EPS (adj)

-$0.03

Previous: -$0.04+25.0%
Capital Expenditures

$5K

Previous: $7K-28.6%
Free Cash Flow

-$733K

Previous: -$1.17M+37.5%
Net Income

-$1.32M

Previous: -$1.23M-7.4%
Operating Income

-$1.51M

Previous: -$1.23M-22.9%
Gross Profit

-$7K

Previous: $3K-333.3%
Cash & Equivalents

$9.1M

Previous: $7.6M+19.7%
Total Assets

$10.9M

Previous: $9.36M+16.7%
Stock-Based Comp

$66K

Previous: $74K-10.8%

Revenue & EPS history

ClearSign · Revenue · Quarterly

$50K

Q4 2022-7.4%vs Q4 2021
Beat estimate in 1 of 10 quarters(10%)
ActualEstimate

Forward guidance

The company is focused on completing manufacturing for delivery to the job site later this year, submitting a follow-up proposal for Phase 2 grant funding, and installing boiler burners in new business verticals and with partners.

Tailwinds

  • Completing manufacturing for delivery to the job site later this year.
  • Submitting a follow-up proposal for Phase 2 grant funding.
  • Installing boiler burners in a new business vertical of medical and business waste services.
  • Installing boiler burners with a national service provider of recycling services.
  • Continuing to evolve technologies for current and future commercial applications.

Headwinds

  • Ability to successfully install burners in the California and Texas market.
  • Completing the anticipated ultra-low NOx boiler burners installation within the expected time frame.
  • Ability to further expand the sale of ultra-low NOx boiler burners.
  • Performance of the Phase I work and likelihood that we submit, and are approved, for Phase II grant funding.
  • Whether our technology will be accepted and adopted.

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 Q4 2022

Historical avgQ4 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

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