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ClearSign (CLIR) investor relations material
ClearSign Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue rose to $133,000 from $45,000 year-over-year, mainly from spare parts and a boiler burner sale, but six-month revenue fell to $534,000 from $1.15 million due to lower process burner sales.
Net loss for Q2 2025 was $1.68 million, improved from $1.87 million in Q2 2024, with a $200,000 year-over-year reduction; six-month net loss widened to $3.76 million from $2.98 million.
Cash and equivalents stood at $12.3 million as of June 30, 2025, down from $14.0 million at year-end 2024, with working capital of $9.5 million.
Board reconstitution reduced the board size to five, with new members and one open position; special committee formed to address director nominations and stockholder activism.
Advanced combustion and sensing technologies drove operational progress, with new product launches and expanded collaboration with Zeeco.
Financial highlights
Q2 2025 gross profit was $55,000, up from $42,000 in Q2 2024; six-month gross profit fell 48% to $251,000 year-over-year.
R&D expenses in Q2 2025 decreased 39% to $247,000; G&A expenses fell 7% to $1.65 million, but six-month G&A rose due to higher legal fees.
Cash used in operations for Q2 was $511,000, a significant improvement from $1.5 million in Q2 2024.
No debt obligations; operations funded through equity offerings and warrant exercises.
Weighted average shares outstanding increased to 55.2 million in Q2 2025 from 47.3 million in Q2 2024.
Outlook and guidance
Major project installations, including a 20-burner order in California and a 26-burner Gulf Coast order, are expected to drive revenue in 2025 and early 2026.
Management anticipates continued operating losses and negative cash flow for the foreseeable future, with sufficient cash to fund operations for over twelve months.
Anticipated market catalysts include regulatory changes in Texas and new product launches, such as the M25 burner for the midstream market.
Multiple product demonstrations, including the ClearSign Eye sensor, are scheduled for the remainder of 2025.
Company is focused on gaining market recognition and acceptance for its technologies to drive recurring sales.
Next ClearSign earnings date

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