ClearSign Technologies Corporation (CLIR) 10-Year Financial Performance & Capital Metrics

CLIR • • Industrial / General

IndustrialsEnvironmental ServicesAir Pollution ControlIndustrial Burner Technologies

AboutClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications. The company also provides ClearSign Core Boiler Burner; and ClearSign Core Flaring Burners technologies. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. The company was formerly known as ClearSign Combustion Corporation and changed its name ClearSign Technologies Corporation in November 2019. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.Show more

Revenue $4M +49.6%
EBITDA -$6M -11.9%
Net Income -$5M -2.0%
EPS (Diluted) -0.11 +15.4%
Gross Margin 31.09% -8.6%
EBITDA Margin -172.86% +25.3%
Operating Margin -180.42% +27.5%
Net Margin -147.36% +31.8%
ROE -55.91% +20.6%
ROIC -
Debt/Equity 0.01 -70.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 27.1% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y80.94%

TTM-49.7%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-24.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-7.2%

ROCE

10Y Avg-118.26%

5Y Avg-74.11%

3Y Avg-70.96%

Latest-67.44%

Peer Comparison

Industrial Burner Technologies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLIRClearSign Technologies Corporation	42.09M	0.79	-7.18	49.65%	-294.89%	-69.94%		0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	61K	621K	540K	530K	0	0	607K	374K	2.4M	3.6M
Revenue Growth %	-	9.18%	-0.13%	-0.02%	-1%	-	-	-0.38%	5.43%	0.5%
Cost of Goods Sold+	50K	485K	380K	427K	1K	279K	1.06M	404K	1.59M	2.48M
COGS % of Revenue	0.82%	0.78%	0.7%	0.81%	-	-	1.74%	1.08%	0.66%	0.69%
Gross Profit+	11K	136K	160K	103K	-1K	-279K	-452K	-30K	817K	1.12M
Gross Margin %	0.18%	0.22%	0.3%	0.19%	-	-	-0.74%	-0.08%	0.34%	0.31%
Gross Profit Growth %	-	11.36%	0.18%	-0.36%	-1.01%	-278%	-0.62%	0.93%	28.23%	0.37%
Operating Expenses+	7.95M	11.34M	9.87M	9.67M	8.58M	6.65M	7.69M	6.09M	6.8M	7.61M
OpEx % of Revenue	130.38%	18.26%	18.28%	18.25%	-	-	12.67%	16.28%	2.83%	2.12%
Selling, General & Admin	5.02M	6.51M	5.16M	5.62M	5.53M	4.62M	5.01M	5.58M	6.06M	6.13M
SG&A % of Revenue	82.31%	10.48%	9.56%	10.61%	-	-	8.26%	14.93%	2.52%	1.71%
Research & Development	2.93M	4.83M	4.71M	4.05M	3.06M	2.03M	2.68M	505K	739K	1.47M
R&D % of Revenue	48.07%	7.78%	8.73%	7.65%	-	-	4.42%	1.35%	0.31%	0.41%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-7.94M	-11.21M	-9.71M	-9.57M	-8.58M	-6.93M	-8.14M	-6.12M	-5.98M	-6.49M
Operating Margin %	-130.2%	-18.04%	-17.99%	-18.06%	-	-	-13.42%	-16.36%	-2.49%	-1.8%
Operating Income Growth %	-0.09%	-0.41%	0.13%	0.01%	0.1%	0.19%	-0.17%	0.25%	0.02%	-0.08%
EBITDA+	-7.74M	-11M	-9.41M	-9.3M	-8.34M	-6.72M	-7.88M	-5.83M	-5.56M	-6.22M
EBITDA Margin %	-126.92%	-17.71%	-17.44%	-17.55%	-	-	-12.99%	-15.57%	-2.31%	-1.73%
EBITDA Growth %	-0.1%	-0.42%	0.14%	0.01%	0.1%	0.19%	-0.17%	0.26%	0.05%	-0.12%
D&A (Non-Cash Add-back)	200K	208K	297K	271K	240K	210K	260K	292K	424K	272K
EBIT	-7.94M	-11.21M	-9.71M	-9.57M	-8.48M	-6.89M	-7.89M	-5.76M	-5.73M	-5.82M
Net Interest Income+	44K	32K	32K	71K	101K	2K	1K	83K	0	516K
Interest Income	44K	32K	32K	71K	101K	2K	1K	83K	0	516K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	44K	32K	32K	71K	101K	46K	253K	359K	787K	1.19M
Pretax Income+	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Pretax Margin %	-129.48%	-17.99%	-17.93%	-17.92%	-	-	-13%	-15.4%	-2.16%	-1.47%
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	0.99%	0.99%	1%	1%	1%	1%
Net Income+	-7.9M	-11.17M	-9.68M	-9.5M	-8.38M	-6.84M	-7.89M	-5.76M	-5.19M	-5.3M
Net Margin %	-129.48%	-17.99%	-17.93%	-17.92%	-	-	-13%	-15.4%	-2.16%	-1.47%
Net Income Growth %	-0.08%	-0.41%	0.13%	0.02%	0.12%	0.18%	-0.15%	0.27%	0.1%	-0.02%
Net Income (Continuing)	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	3K	1K	0	0	0	0
EPS (Diluted)+	-0.63	-0.86	-0.63	-0.42	-0.31	-0.25	-0.25	-0.15	-0.13	-0.11
EPS Growth %	0.18%	-0.37%	0.27%	0.33%	0.26%	0.19%	0%	0.4%	0.13%	0.15%
EPS (Basic)	-0.63	-0.86	-0.63	-0.42	-0.31	-0.25	-0.25	-0.15	-0.13	-0.11
Diluted Shares Outstanding	12.46M	12.93M	15.37M	22.78M	26.7M	27.84M	31.23M	35.34M	38.5M	48.94M
Basic Shares Outstanding	12.46M	12.93M	15.37M	22.78M	26.7M	27.84M	31.23M	35.34M	38.5M	48.94M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	11.19M	1.9M	1.8M	16.41M	8.98M	9.38M	8.02M	9.73M	6.51M	14.85M
Cash & Short-Term Investments	10.98M	1.26M	1.25M	15.87M	8.55M	8.82M	7.61M	9.06M	5.68M	14.04M
Cash Only	10.98M	1.26M	1.25M	8.95M	8.55M	8.82M	7.61M	6.45M	5.68M	14.04M
Short-Term Investments	0	0	0	6.92M	0	0	0	2.61M	0	0
Accounts Receivable	0	103K	184K	39K	39K	92K	72K	99K	475K	359K
Days Sales Outstanding	-	60.54	124.37	26.86	-	-	43.29	96.62	72.15	36.44
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	577K	0	454K
Total Non-Current Assets+	3.01M	1.89M	2.36M	2.16M	1.96M	1.74M	1.34M	1.19M	1.11M	1.07M
Property, Plant & Equipment	123K	144K	508K	467K	665K	427K	530K	384K	275K	238K
Fixed Asset Turnover	0.50x	4.31x	1.06x	1.13x	-	-	1.15x	0.97x	8.74x	15.11x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.88M	1.74M	1.86M	1.69M	1.28M	1.3M	799K	798K	836K	830K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	10K	10K	0	0	10K	10K	10K	10K	0	0
Total Assets+	14.2M	3.79M	4.16M	18.57M	10.94M	11.12M	9.36M	10.93M	7.62M	15.92M
Asset Turnover	0.00x	0.16x	0.13x	0.03x	-	-	0.06x	0.03x	0.32x	0.23x
Asset Growth %	2.09%	-0.73%	0.1%	3.46%	-0.41%	0.02%	-0.16%	0.17%	-0.3%	1.09%
Total Current Liabilities+	1.62M	1.54M	1.53M	1.64M	1.3M	1.08M	731K	1.15M	2.26M	2.04M
Accounts Payable	495K	542K	587K	823K	845K	435K	224K	296K	256K	78K
Days Payables Outstanding	3.61K	407.9	563.83	703.5	308.43K	569.09	77.2	267.43	58.92	11.49
Short-Term Debt	0	0	159K	216K	177K	169K	0	0	0	0
Deferred Revenue (Current)	0	115K	-587K	-823K	50K	94K	0	247K	1000K	73K
Other Current Liabilities	20K	882K	629K	382K	0	0	84K	0	181K	471K
Current Ratio	6.89x	1.23x	1.17x	10.03x	6.92x	8.69x	10.98x	8.49x	2.89x	7.28x
Quick Ratio	6.89x	1.23x	1.17x	10.03x	6.92x	8.69x	10.98x	8.49x	2.89x	7.28x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	353K	195K	91K	418K	500K	350K	226K	172K	113K
Long-Term Debt	0	0	0	0	0	251K	0	0	0	0
Capital Lease Obligations	0	353K	195K	91K	418K	249K	350K	226K	172K	113K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.62M	1.54M	1.73M	1.73M	1.72M	1.58M	1.08M	1.37M	2.43M	2.15M
Total Debt+	0	503K	354K	307K	595K	669K	555K	359K	243K	188K
Net Debt	-10.98M	-756K	-893K	-8.64M	-7.96M	-8.15M	-7.05M	-6.09M	-5.44M	-13.85M
Debt / Equity	-	0.22x	0.15x	0.02x	0.06x	0.07x	0.07x	0.04x	0.05x	0.01x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	12.58M	2.24M	2.43M	16.84M	9.23M	9.54M	8.28M	9.55M	5.19M	13.76M
Equity Growth %	3.25%	-0.82%	0.08%	5.93%	-0.45%	0.03%	-0.13%	0.15%	-0.46%	1.65%
Book Value per Share	1.01	0.17	0.16	0.74	0.35	0.34	0.27	0.27	0.13	0.28
Total Shareholders' Equity	12.58M	2.24M	2.43M	16.84M	9.22M	9.54M	8.28M	9.55M	5.19M	13.76M
Common Stock	1K	1K	2K	3K	3K	3K	3K	4K	4K	5K
Retained Earnings	-29.16M	-40.33M	-50.01M	-59.58M	-67.99M	-74.87M	-82.77M	-88.52M	-93.72M	-99.02M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-761K	-876K	-1.14M	-1.37M	0	0	9K	-8K	-17K	-21K
Minority Interest	0	0	0	0	3K	1K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.26M	-8.67M	-8.26M	-8.38M	-6.9M	-5.96M	-6.71M	-4.99M	-3.23M	-4.37M
Operating CF Margin %	-102.64%	-13.96%	-15.29%	-15.82%	-	-	-11.05%	-13.35%	-1.35%	-1.22%
Operating CF Growth %	-0.14%	-0.39%	0.05%	-0.02%	0.18%	0.14%	-0.12%	0.26%	0.35%	-0.35%
Net Income	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Depreciation & Amortization	200K	208K	297K	271K	240K	210K	448K	292K	424K	272K
Stock-Based Compensation	797K	645K	369K	224K	685K	800K	680K	373K	614K	528K
Deferred Taxes	0	1.97M	0	322K	0	0	0	0	0	0
Other Non-Cash Items	737K	177K	342K	242K	747K	17K	266K	-38K	7K	46K
Working Capital Changes	-97K	-500K	414K	57K	-92K	-105K	-209K	139K	916K	80K
Change in Receivables	0	-103K	103K	145K	0	-53K	20K	-27K	-376K	117K
Change in Inventory	0	-1.01M	-15K	0	0	0	0	0	0	0
Change in Payables	242K	260K	13K	312K	0	0	-393K	-125K	-57K	816K
Cash from Investing+	-1.16M	-1.05M	-421K	-7.42M	6.5M	-194K	-213K	-2.69M	2.49M	-218K
Capital Expenditures	-1.16M	-1.05M	-421K	-502K	-20K	-17K	-73K	-10K	-200K	-39K
CapEx % of Revenue	19.05%	1.7%	0.78%	0.95%	-	-	0.12%	0.03%	0.08%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.11M	-917K	-327K	-7.33M	-398K	-177K	-140K	-115K	5K	-179K
Cash from Financing+	16.56M	194K	8.67M	23.51M	0	6.43M	5.69M	6.54M	-15K	12.95M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	284K	-194K	0	0	0	126K	385K	0	-15K	-21K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.42M	-9.73M	-8.68M	-8.89M	-7.32M	-6.16M	-6.92M	-5.16M	-3.43M	-4.59M
FCF Margin %	-121.69%	-15.66%	-16.07%	-16.77%	-	-	-11.4%	-13.79%	-1.43%	-1.28%
FCF Growth %	-0.1%	-0.31%	0.11%	-0.02%	0.18%	0.16%	-0.12%	0.25%	0.33%	-0.34%
FCF per Share	-0.60	-0.75	-0.56	-0.39	-0.27	-0.22	-0.22	-0.15	-0.09	-0.09
FCF Conversion (FCF/Net Income)	0.79x	0.78x	0.85x	0.88x	0.82x	0.87x	0.85x	0.87x	0.62x	0.83x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-101.67%	-150.76%	-414.03%	-98.58%	-64.28%	-72.87%	-88.54%	-64.57%	-70.46%	-55.91%
Return on Invested Capital (ROIC)	-440.08%	-545.52%	-481.27%	-147.41%	-135.96%	-391.64%	-467.03%	-195.64%	-279.4%	-
Gross Margin	18.03%	21.9%	29.63%	19.43%	-	-	-74.46%	-8.02%	34%	31.09%
Net Margin	-12947.54%	-1799.19%	-1792.59%	-1792.45%	-	-	-1299.84%	-1539.57%	-216.15%	-147.36%
Debt / Equity	-	0.22x	0.15x	0.02x	0.06x	0.07x	0.07x	0.04x	0.05x	0.01x
FCF Conversion	0.79x	0.78x	0.85x	0.88x	0.82x	0.87x	0.85x	0.87x	0.62x	0.83x
Revenue Growth	-	918.03%	-13.04%	-1.85%	-100%	-	-	-38.39%	542.51%	49.65%

Revenue by Segment

	2018
Once Through Steam Generator	128K
Once Through Steam Generator Growth	-
Small Project	42K
Small Project Growth	-

Frequently Asked Questions

Growth & Financials

ClearSign Technologies Corporation (CLIR) reported $2.2M in revenue for fiscal year 2024.

ClearSign Technologies Corporation (CLIR) grew revenue by 49.6% over the past year. This is strong growth.

ClearSign Technologies Corporation (CLIR) reported a net loss of $6.3M for fiscal year 2024.

Dividend & Returns

ClearSign Technologies Corporation (CLIR) has a return on equity (ROE) of -55.9%. Negative ROE indicates the company is unprofitable.

ClearSign Technologies Corporation (CLIR) had negative free cash flow of $3.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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ClearSign Technologies Corporation (CLIR) 10-Year Financial Performance & Capital Metrics

CLIR • • Industrial / General

IndustrialsEnvironmental ServicesAir Pollution ControlIndustrial Burner Technologies

Revenue $4M +49.6%
EBITDA -$6M -11.9%
Net Income -$5M -2.0%
EPS (Diluted) -0.11 +15.4%
Gross Margin 31.09% -8.6%
EBITDA Margin -172.86% +25.3%
Operating Margin -180.42% +27.5%
Net Margin -147.36% +31.8%
ROE -55.91% +20.6%
ROIC -
Debt/Equity 0.01 -70.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 27.1% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y80.94%

TTM-49.7%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-24.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-7.2%

ROCE

10Y Avg-118.26%

5Y Avg-74.11%

3Y Avg-70.96%

Latest-67.44%

Peer Comparison

Industrial Burner Technologies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLIRClearSign Technologies Corporation	42.09M	0.79	-7.18	49.65%	-294.89%	-69.94%		0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	61K	621K	540K	530K	0	0	607K	374K	2.4M	3.6M
Revenue Growth %	-	9.18%	-0.13%	-0.02%	-1%	-	-	-0.38%	5.43%	0.5%
Cost of Goods Sold+	50K	485K	380K	427K	1K	279K	1.06M	404K	1.59M	2.48M
COGS % of Revenue	0.82%	0.78%	0.7%	0.81%	-	-	1.74%	1.08%	0.66%	0.69%
Gross Profit+	11K	136K	160K	103K	-1K	-279K	-452K	-30K	817K	1.12M
Gross Margin %	0.18%	0.22%	0.3%	0.19%	-	-	-0.74%	-0.08%	0.34%	0.31%
Gross Profit Growth %	-	11.36%	0.18%	-0.36%	-1.01%	-278%	-0.62%	0.93%	28.23%	0.37%
Operating Expenses+	7.95M	11.34M	9.87M	9.67M	8.58M	6.65M	7.69M	6.09M	6.8M	7.61M
OpEx % of Revenue	130.38%	18.26%	18.28%	18.25%	-	-	12.67%	16.28%	2.83%	2.12%
Selling, General & Admin	5.02M	6.51M	5.16M	5.62M	5.53M	4.62M	5.01M	5.58M	6.06M	6.13M
SG&A % of Revenue	82.31%	10.48%	9.56%	10.61%	-	-	8.26%	14.93%	2.52%	1.71%
Research & Development	2.93M	4.83M	4.71M	4.05M	3.06M	2.03M	2.68M	505K	739K	1.47M
R&D % of Revenue	48.07%	7.78%	8.73%	7.65%	-	-	4.42%	1.35%	0.31%	0.41%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-7.94M	-11.21M	-9.71M	-9.57M	-8.58M	-6.93M	-8.14M	-6.12M	-5.98M	-6.49M
Operating Margin %	-130.2%	-18.04%	-17.99%	-18.06%	-	-	-13.42%	-16.36%	-2.49%	-1.8%
Operating Income Growth %	-0.09%	-0.41%	0.13%	0.01%	0.1%	0.19%	-0.17%	0.25%	0.02%	-0.08%
EBITDA+	-7.74M	-11M	-9.41M	-9.3M	-8.34M	-6.72M	-7.88M	-5.83M	-5.56M	-6.22M
EBITDA Margin %	-126.92%	-17.71%	-17.44%	-17.55%	-	-	-12.99%	-15.57%	-2.31%	-1.73%
EBITDA Growth %	-0.1%	-0.42%	0.14%	0.01%	0.1%	0.19%	-0.17%	0.26%	0.05%	-0.12%
D&A (Non-Cash Add-back)	200K	208K	297K	271K	240K	210K	260K	292K	424K	272K
EBIT	-7.94M	-11.21M	-9.71M	-9.57M	-8.48M	-6.89M	-7.89M	-5.76M	-5.73M	-5.82M
Net Interest Income+	44K	32K	32K	71K	101K	2K	1K	83K	0	516K
Interest Income	44K	32K	32K	71K	101K	2K	1K	83K	0	516K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	44K	32K	32K	71K	101K	46K	253K	359K	787K	1.19M
Pretax Income+	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Pretax Margin %	-129.48%	-17.99%	-17.93%	-17.92%	-	-	-13%	-15.4%	-2.16%	-1.47%
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	0.99%	0.99%	1%	1%	1%	1%
Net Income+	-7.9M	-11.17M	-9.68M	-9.5M	-8.38M	-6.84M	-7.89M	-5.76M	-5.19M	-5.3M
Net Margin %	-129.48%	-17.99%	-17.93%	-17.92%	-	-	-13%	-15.4%	-2.16%	-1.47%
Net Income Growth %	-0.08%	-0.41%	0.13%	0.02%	0.12%	0.18%	-0.15%	0.27%	0.1%	-0.02%
Net Income (Continuing)	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	3K	1K	0	0	0	0
EPS (Diluted)+	-0.63	-0.86	-0.63	-0.42	-0.31	-0.25	-0.25	-0.15	-0.13	-0.11
EPS Growth %	0.18%	-0.37%	0.27%	0.33%	0.26%	0.19%	0%	0.4%	0.13%	0.15%
EPS (Basic)	-0.63	-0.86	-0.63	-0.42	-0.31	-0.25	-0.25	-0.15	-0.13	-0.11
Diluted Shares Outstanding	12.46M	12.93M	15.37M	22.78M	26.7M	27.84M	31.23M	35.34M	38.5M	48.94M
Basic Shares Outstanding	12.46M	12.93M	15.37M	22.78M	26.7M	27.84M	31.23M	35.34M	38.5M	48.94M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	11.19M	1.9M	1.8M	16.41M	8.98M	9.38M	8.02M	9.73M	6.51M	14.85M
Cash & Short-Term Investments	10.98M	1.26M	1.25M	15.87M	8.55M	8.82M	7.61M	9.06M	5.68M	14.04M
Cash Only	10.98M	1.26M	1.25M	8.95M	8.55M	8.82M	7.61M	6.45M	5.68M	14.04M
Short-Term Investments	0	0	0	6.92M	0	0	0	2.61M	0	0
Accounts Receivable	0	103K	184K	39K	39K	92K	72K	99K	475K	359K
Days Sales Outstanding	-	60.54	124.37	26.86	-	-	43.29	96.62	72.15	36.44
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	577K	0	454K
Total Non-Current Assets+	3.01M	1.89M	2.36M	2.16M	1.96M	1.74M	1.34M	1.19M	1.11M	1.07M
Property, Plant & Equipment	123K	144K	508K	467K	665K	427K	530K	384K	275K	238K
Fixed Asset Turnover	0.50x	4.31x	1.06x	1.13x	-	-	1.15x	0.97x	8.74x	15.11x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.88M	1.74M	1.86M	1.69M	1.28M	1.3M	799K	798K	836K	830K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	10K	10K	0	0	10K	10K	10K	10K	0	0
Total Assets+	14.2M	3.79M	4.16M	18.57M	10.94M	11.12M	9.36M	10.93M	7.62M	15.92M
Asset Turnover	0.00x	0.16x	0.13x	0.03x	-	-	0.06x	0.03x	0.32x	0.23x
Asset Growth %	2.09%	-0.73%	0.1%	3.46%	-0.41%	0.02%	-0.16%	0.17%	-0.3%	1.09%
Total Current Liabilities+	1.62M	1.54M	1.53M	1.64M	1.3M	1.08M	731K	1.15M	2.26M	2.04M
Accounts Payable	495K	542K	587K	823K	845K	435K	224K	296K	256K	78K
Days Payables Outstanding	3.61K	407.9	563.83	703.5	308.43K	569.09	77.2	267.43	58.92	11.49
Short-Term Debt	0	0	159K	216K	177K	169K	0	0	0	0
Deferred Revenue (Current)	0	115K	-587K	-823K	50K	94K	0	247K	1000K	73K
Other Current Liabilities	20K	882K	629K	382K	0	0	84K	0	181K	471K
Current Ratio	6.89x	1.23x	1.17x	10.03x	6.92x	8.69x	10.98x	8.49x	2.89x	7.28x
Quick Ratio	6.89x	1.23x	1.17x	10.03x	6.92x	8.69x	10.98x	8.49x	2.89x	7.28x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	353K	195K	91K	418K	500K	350K	226K	172K	113K
Long-Term Debt	0	0	0	0	0	251K	0	0	0	0
Capital Lease Obligations	0	353K	195K	91K	418K	249K	350K	226K	172K	113K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.62M	1.54M	1.73M	1.73M	1.72M	1.58M	1.08M	1.37M	2.43M	2.15M
Total Debt+	0	503K	354K	307K	595K	669K	555K	359K	243K	188K
Net Debt	-10.98M	-756K	-893K	-8.64M	-7.96M	-8.15M	-7.05M	-6.09M	-5.44M	-13.85M
Debt / Equity	-	0.22x	0.15x	0.02x	0.06x	0.07x	0.07x	0.04x	0.05x	0.01x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	12.58M	2.24M	2.43M	16.84M	9.23M	9.54M	8.28M	9.55M	5.19M	13.76M
Equity Growth %	3.25%	-0.82%	0.08%	5.93%	-0.45%	0.03%	-0.13%	0.15%	-0.46%	1.65%
Book Value per Share	1.01	0.17	0.16	0.74	0.35	0.34	0.27	0.27	0.13	0.28
Total Shareholders' Equity	12.58M	2.24M	2.43M	16.84M	9.22M	9.54M	8.28M	9.55M	5.19M	13.76M
Common Stock	1K	1K	2K	3K	3K	3K	3K	4K	4K	5K
Retained Earnings	-29.16M	-40.33M	-50.01M	-59.58M	-67.99M	-74.87M	-82.77M	-88.52M	-93.72M	-99.02M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-761K	-876K	-1.14M	-1.37M	0	0	9K	-8K	-17K	-21K
Minority Interest	0	0	0	0	3K	1K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.26M	-8.67M	-8.26M	-8.38M	-6.9M	-5.96M	-6.71M	-4.99M	-3.23M	-4.37M
Operating CF Margin %	-102.64%	-13.96%	-15.29%	-15.82%	-	-	-11.05%	-13.35%	-1.35%	-1.22%
Operating CF Growth %	-0.14%	-0.39%	0.05%	-0.02%	0.18%	0.14%	-0.12%	0.26%	0.35%	-0.35%
Net Income	-7.9M	-11.17M	-9.68M	-9.5M	-8.48M	-6.89M	-7.89M	-5.76M	-5.19M	-5.3M
Depreciation & Amortization	200K	208K	297K	271K	240K	210K	448K	292K	424K	272K
Stock-Based Compensation	797K	645K	369K	224K	685K	800K	680K	373K	614K	528K
Deferred Taxes	0	1.97M	0	322K	0	0	0	0	0	0
Other Non-Cash Items	737K	177K	342K	242K	747K	17K	266K	-38K	7K	46K
Working Capital Changes	-97K	-500K	414K	57K	-92K	-105K	-209K	139K	916K	80K
Change in Receivables	0	-103K	103K	145K	0	-53K	20K	-27K	-376K	117K
Change in Inventory	0	-1.01M	-15K	0	0	0	0	0	0	0
Change in Payables	242K	260K	13K	312K	0	0	-393K	-125K	-57K	816K
Cash from Investing+	-1.16M	-1.05M	-421K	-7.42M	6.5M	-194K	-213K	-2.69M	2.49M	-218K
Capital Expenditures	-1.16M	-1.05M	-421K	-502K	-20K	-17K	-73K	-10K	-200K	-39K
CapEx % of Revenue	19.05%	1.7%	0.78%	0.95%	-	-	0.12%	0.03%	0.08%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.11M	-917K	-327K	-7.33M	-398K	-177K	-140K	-115K	5K	-179K
Cash from Financing+	16.56M	194K	8.67M	23.51M	0	6.43M	5.69M	6.54M	-15K	12.95M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	284K	-194K	0	0	0	126K	385K	0	-15K	-21K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.42M	-9.73M	-8.68M	-8.89M	-7.32M	-6.16M	-6.92M	-5.16M	-3.43M	-4.59M
FCF Margin %	-121.69%	-15.66%	-16.07%	-16.77%	-	-	-11.4%	-13.79%	-1.43%	-1.28%
FCF Growth %	-0.1%	-0.31%	0.11%	-0.02%	0.18%	0.16%	-0.12%	0.25%	0.33%	-0.34%
FCF per Share	-0.60	-0.75	-0.56	-0.39	-0.27	-0.22	-0.22	-0.15	-0.09	-0.09
FCF Conversion (FCF/Net Income)	0.79x	0.78x	0.85x	0.88x	0.82x	0.87x	0.85x	0.87x	0.62x	0.83x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-101.67%	-150.76%	-414.03%	-98.58%	-64.28%	-72.87%	-88.54%	-64.57%	-70.46%	-55.91%
Return on Invested Capital (ROIC)	-440.08%	-545.52%	-481.27%	-147.41%	-135.96%	-391.64%	-467.03%	-195.64%	-279.4%	-
Gross Margin	18.03%	21.9%	29.63%	19.43%	-	-	-74.46%	-8.02%	34%	31.09%
Net Margin	-12947.54%	-1799.19%	-1792.59%	-1792.45%	-	-	-1299.84%	-1539.57%	-216.15%	-147.36%
Debt / Equity	-	0.22x	0.15x	0.02x	0.06x	0.07x	0.07x	0.04x	0.05x	0.01x
FCF Conversion	0.79x	0.78x	0.85x	0.88x	0.82x	0.87x	0.85x	0.87x	0.62x	0.83x
Revenue Growth	-	918.03%	-13.04%	-1.85%	-100%	-	-	-38.39%	542.51%	49.65%

Revenue by Segment

	2018
Once Through Steam Generator	128K
Once Through Steam Generator Growth	-
Small Project	42K
Small Project Growth	-

Frequently Asked Questions

Growth & Financials

ClearSign Technologies Corporation (CLIR) reported $2.2M in revenue for fiscal year 2024.

ClearSign Technologies Corporation (CLIR) grew revenue by 49.6% over the past year. This is strong growth.

ClearSign Technologies Corporation (CLIR) reported a net loss of $6.3M for fiscal year 2024.

Dividend & Returns

ClearSign Technologies Corporation (CLIR) has a return on equity (ROE) of -55.9%. Negative ROE indicates the company is unprofitable.

ClearSign Technologies Corporation (CLIR) had negative free cash flow of $3.9M in fiscal year 2024, likely due to heavy capital investments.