Quarterly ResultMay 15, 2026, 09:27 AM
ClearSign Q1 Revenue $191K, Net Loss $(2.19)M; Implements 1-for-10 Reverse Split
AI Summary
ClearSign Technologies reported a significant decline in Q1 2026 revenue to $191K, down from $401K in the prior year, resulting in a gross loss of $(393)K. The net loss for the quarter increased to $(2.19)M. The company also implemented a 1-for-10 reverse stock split on March 16, 2026, and saw its cash and cash equivalents decrease to $7.74M. Additionally, ClearSign has an ATM program for up to $10.4M and filed for dormancy of its China operations in March 2025.
Key Highlights
- Q1 2026 revenue was $191K, a decrease from $401K in Q1 2025.
- Q1 2026 gross loss was $(393)K, compared to a gross profit of $196K in Q1 2025.
- Net loss for Q1 2026 increased to $(2.19)M from $(2.08)M in Q1 2025.
- Net loss per share for Q1 2026 was $(0.39), compared to $(0.38) in Q1 2025.
- Cash and cash equivalents were $7.74M as of March 31, 2026, down from $9.18M at December 31, 2025.
- Total current assets decreased to $8.78M from $11.23M at year-end 2025.
- A 1-for-10 reverse stock split became effective on March 16, 2026.
- The company has an At-The-Market (ATM) program for up to $10.4M in common stock.
Price Impact
More from CLIR