Quarterly ResultMay 21, 2026, 04:38 PM
ClearSign Q1 Revenue $200K, Net Loss Up; Secures New Burner Orders
AI Summary
ClearSign Technologies reported Q1 2026 revenues of $200,000, down from $400,000 in Q1 2025, and an increased net loss due to lower revenues and a $410,000 warranty accrual. Despite this, the company highlighted significant operational progress, including securing a "next phase" order for a 32-burner California refinery project valued at nearly $500,000, a new "M1" Series burner order for West Texas, and a fifth low-emission flare order for California. ClearSign also successfully demonstrated its ClearSign Core Gen 2 flexible fuel burner technology and ended the quarter with $7.7 million in cash.
Key Highlights
- Q1 2026 revenue was $200,000, down from $400,000 in Q1 2025.
- Net loss increased by $114,000 year-over-year in Q1 2026.
- Gross profit decreased due to lower revenues and a $410,000 warranty accrual.
- Secured "next phase" order for 32-burner California refinery project, valued at nearly $500,000.
- Received new "M1" Series burner order for a midstream heater in West Texas.
- Secured fifth low-emission flare order for a California production facility.
- Successfully demonstrated ClearSign Core Gen 2 flexible fuel burner technology.
- Cash and cash equivalents totaled $7.7 million as of March 31, 2026.
Price Impact
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