ClearSign Technologies (CLIR) investor relations material

Executive summary

• Q2 2026 revenue rose to $560,000 from $133,000 year-over-year, a 321% increase, driven by Flare system deliveries, CFD studies, and spare parts.

• Net loss for Q2 2026 was $1.3 million, improved from $1.7 million in Q2 2025, with loss per share narrowing to $0.22.

• Gross profit margin held steady at 41% year-over-year, with Q2 2026 gross profit at $228,000.

• Cash and cash equivalents were $9.9 million as of June 30, 2026, rising to $11.6 million after a $1.7 million private equity raise in July.

• Operating expenses decreased 8.8% year-over-year, mainly due to lower legal fees.

Financial highlights

• Six-month revenues were $751,000, up from $534,000 year-over-year.

• Net loss for the six months ended June 30, 2026, was $3.5 million, improved from $3.8 million in 2025.

• No debt obligations; working capital of $8.8 million at June 30, 2026.

• Gross profit for Q2 2026 was $228,000, up from $55,000 in Q2 2025.

• Total stockholders' equity was $9.83 million as of June 30, 2026.

Outlook and guidance

• Management is optimistic about future growth, citing a robust proposal pipeline, increasing customer familiarity, and strong order momentum for M Series burners.

• Double-digit million revenue run rate is considered feasible as process burner and flare installations ramp up.

• Management expects continued operating losses and negative cash flow until recurring sales increase, but sufficient cash is available for over twelve months.

• Focus remains on commercialization, strategic partnerships, and expanding market acceptance.

• Key milestones for the remainder of 2026 include a major Texas startup in October and additional flare system installations.