Clearsign Technologies Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Clearsign Technologies Corp has an operating margin of -180.4%, meaning the company retains $-180 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -248.9% the prior year.
Clearsign Technologies Corp's revenue surged 49.6% year-over-year to $3.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Clearsign Technologies Corp carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.28, Clearsign Technologies Corp holds $7.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Clearsign Technologies Corp generated -$4.4M in operating cash flow, capex of $39K consumed most of it, leaving -$4.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Clearsign Technologies Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Clearsign Technologies Corp generates $0.83 in operating cash flow (-$4.4M OCF vs -$5.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Clearsign Technologies Corp (CLIR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Clearsign Technologies Corp generated $3.6M in revenue in fiscal year 2024. This represents an increase of 49.6% from the prior year.
Clearsign Technologies Corp's EBITDA was -$6.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.9% from the prior year.
Clearsign Technologies Corp generated -$4.4M in free cash flow in fiscal year 2024, representing cash available after capex.
Clearsign Technologies Corp reported -$5.3M in net income in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Clearsign Technologies Corp earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents an increase of 15.4% from the prior year.
Clearsign Technologies Corp held $14.0M in cash against $0 in long-term debt as of fiscal year 2024.
Clearsign Technologies Corp had 50M shares outstanding in fiscal year 2024. This represents an increase of 30.0% from the prior year.
Clearsign Technologies Corp's gross margin was 31.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the prior year.
Clearsign Technologies Corp's operating margin was -180.4% in fiscal year 2024, reflecting core business profitability. This is up 68.5 percentage points from the prior year.
Clearsign Technologies Corp's net profit margin was -147.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 68.8 percentage points from the prior year.
Clearsign Technologies Corp invested $1.5M in research and development in fiscal year 2024. This represents an increase of 99.1% from the prior year.
Clearsign Technologies Corp invested $39K in capex in fiscal year 2024, funding long-term assets and infrastructure.
CLIR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M+673.7% | $133K-66.8% | $401K-32.0% | $590K-68.3% | $1.9M+4031.1% | $45K-95.9% | $1.1M-13.5% | $1.3M |
| Cost of Revenue | $661K+747.4% | $78K-62.0% | $205K-59.2% | $502K-61.6% | $1.3M+43500.0% | $3K-99.5% | $665K-7.1% | $716K |
| Gross Profit | $368K+569.1% | $55K-71.9% | $196K+122.7% | $88K-84.0% | $551K+1211.9% | $42K-90.4% | $437K-21.7% | $558K |
| R&D Expenses | $310K+25.5% | $247K-44.7% | $447K-2.6% | $459K+39.5% | $329K-18.2% | $402K+43.1% | $281K-6.0% | $299K |
| SG&A Expenses | $1.8M+9.8% | $1.6M-17.9% | $2.0M+54.9% | $1.3M-21.8% | $1.7M-6.9% | $1.8M+26.2% | $1.4M-0.1% | $1.4M |
| Operating Income | -$1.8M+4.8% | -$1.8M+18.6% | -$2.3M-35.5% | -$1.7M-16.3% | -$1.4M+32.9% | -$2.1M-70.7% | -$1.3M-8.8% | -$1.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $77K+26.2% | $61K-29.9% | $87K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.4M+14.9% | -$1.7M+19.1% | -$2.1M-78.4% | -$1.2M-0.8% | -$1.2M+38.3% | -$1.9M-69.0% | -$1.1M-16.0% | -$955K |
| EPS (Diluted) | N/A | $-0.03+25.0% | $-0.04-100.0% | $-0.020.0% | $-0.02+50.0% | $-0.04-33.3% | $-0.03-50.0% | $-0.02 |
CLIR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.7M-10.4% | $14.2M-2.1% | $14.5M-8.7% | $15.9M-6.9% | $17.1M-4.1% | $17.8M+169.3% | $6.6M-13.1% | $7.6M |
| Current Assets | $11.7M-10.9% | $13.2M-2.3% | $13.5M-9.1% | $14.8M-7.2% | $16.0M-4.2% | $16.7M+201.4% | $5.5M-14.9% | $6.5M |
| Cash & Equivalents | $10.5M-15.0% | $12.3M-4.1% | $12.9M-8.3% | $14.0M-3.1% | $14.5M-9.3% | $16.0M+245.5% | $4.6M-18.6% | $5.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $324K+1196.0% | $25K-81.5% | $135K-18.2% | $165K-78.0% | $749K+454.8% | $135K-76.3% | $569K+98.3% | $287K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.7M-3.9% | $3.8M+53.0% | $2.5M+15.9% | $2.2M-5.2% | $2.3M+17.1% | $1.9M-10.2% | $2.2M-11.1% | $2.4M |
| Current Liabilities | $3.6M-3.3% | $3.7M+54.5% | $2.4M+17.5% | $2.0M-4.9% | $2.1M+19.3% | $1.8M-10.3% | $2.0M-11.3% | $2.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.1M-12.8% | $10.4M-13.5% | $12.0M-12.5% | $13.8M-7.1% | $14.8M-6.7% | $15.9M+256.2% | $4.5M-14.1% | $5.2M |
| Retained Earnings | -$104.2M-1.4% | -$102.8M-1.7% | -$101.1M-2.1% | -$99.0M-1.2% | -$97.9M-1.2% | -$96.7M-2.0% | -$94.8M-1.2% | -$93.7M |
CLIR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-258.3% | -$511K+54.0% | -$1.1M-167.7% | -$415K+71.0% | -$1.4M+6.0% | -$1.5M-52.2% | -$1.0M+31.0% | -$1.4M |
| Capital Expenditures | $0 | $0-100.0% | $4K-81.0% | $21K | $0 | N/A | N/A | N/A |
| Free Cash Flow | -$1.8M-258.3% | -$511K+54.2% | -$1.1M-155.7% | -$436K+69.6% | -$1.4M | N/A | N/A | N/A |
| Investing Cash Flow | -$21K-31.3% | -$16K+61.0% | -$41K0.0% | -$41K+31.7% | -$60K+27.7% | -$83K-144.1% | -$34K+67.6% | -$105K |
| Financing Cash Flow | $0 | $0+100.0% | -$17K-270.0% | $10K | $0-100.0% | $13.0M+59000.0% | -$22K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CLIR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.8%-5.6pp | 41.3%-7.5pp | 48.9%+34.0pp | 14.9%-14.7pp | 29.6%-63.7pp | 93.3%+53.7pp | 39.7%-4.1pp | 43.8% |
| Operating Margin | -170.1%+1211.9pp | -1382.0%-819.1pp | -562.8%-280.5pp | -282.4%-205.3pp | -77.1%+4671.8pp | -4748.9%-4635.3pp | -113.6%-23.3pp | -90.3% |
| Net Margin | -138.9%+1124.3pp | -1263.2%-745.5pp | -517.7%-320.4pp | -197.3%-135.2pp | -62.1%+4097.9pp | -4160.0%-4059.5pp | -100.5%-25.6pp | -75.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -11.2%+0.6pp | -11.8%+2.5pp | -14.3%-7.0pp | -7.3%-0.6pp | -6.8%+3.7pp | -10.5%+6.2pp | -16.7%-4.2pp | -12.5% |
| Current Ratio | 3.28-0.3 | 3.56-2.1 | 5.63-1.6 | 7.28-0.2 | 7.46-1.8 | 9.30+6.5 | 2.77-0.1 | 2.89 |
| Debt-to-Equity | 0.40+0.0 | 0.37+0.2 | 0.21+0.1 | 0.160.0 | 0.15+0.0 | 0.12-0.4 | 0.48+0.0 | 0.47 |
| FCF Margin | -177.9%+206.3pp | -384.2%-106.2pp | -278.1%-204.2pp | -73.9%+3.2pp | -77.1% | N/A | N/A | N/A |
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Frequently Asked Questions
What is Clearsign Technologies Corp's annual revenue?
Clearsign Technologies Corp (CLIR) reported $3.6M in total revenue for fiscal year 2024. This represents a 49.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Clearsign Technologies Corp's revenue growing?
Clearsign Technologies Corp (CLIR) revenue grew by 49.6% year-over-year, from $2.4M to $3.6M in fiscal year 2024.
Is Clearsign Technologies Corp profitable?
No, Clearsign Technologies Corp (CLIR) reported a net income of -$5.3M in fiscal year 2024, with a net profit margin of -147.4%.
What is Clearsign Technologies Corp's earnings per share (EPS)?
Clearsign Technologies Corp (CLIR) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a 15.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Clearsign Technologies Corp's EBITDA?
Clearsign Technologies Corp (CLIR) had EBITDA of -$6.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Clearsign Technologies Corp's gross margin?
Clearsign Technologies Corp (CLIR) had a gross margin of 31.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Clearsign Technologies Corp's operating margin?
Clearsign Technologies Corp (CLIR) had an operating margin of -180.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Clearsign Technologies Corp's net profit margin?
Clearsign Technologies Corp (CLIR) had a net profit margin of -147.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Clearsign Technologies Corp's free cash flow?
Clearsign Technologies Corp (CLIR) generated -$4.4M in free cash flow during fiscal year 2024. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Clearsign Technologies Corp's operating cash flow?
Clearsign Technologies Corp (CLIR) generated -$4.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Clearsign Technologies Corp's total assets?
Clearsign Technologies Corp (CLIR) had $15.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Clearsign Technologies Corp's capital expenditures?
Clearsign Technologies Corp (CLIR) invested $39K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Clearsign Technologies Corp spend on research and development?
Clearsign Technologies Corp (CLIR) invested $1.5M in research and development during fiscal year 2024.
How many shares does Clearsign Technologies Corp have outstanding?
Clearsign Technologies Corp (CLIR) had 50M shares outstanding as of fiscal year 2024.
What is Clearsign Technologies Corp's current ratio?
Clearsign Technologies Corp (CLIR) had a current ratio of 7.28 as of fiscal year 2024, which is generally considered healthy.
What is Clearsign Technologies Corp's debt-to-equity ratio?
Clearsign Technologies Corp (CLIR) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Clearsign Technologies Corp's return on assets (ROA)?
Clearsign Technologies Corp (CLIR) had a return on assets of -33.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Clearsign Technologies Corp's cash runway?
Based on fiscal year 2024 data, Clearsign Technologies Corp (CLIR) had $14.0M in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 39 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Clearsign Technologies Corp's Piotroski F-Score?
Clearsign Technologies Corp (CLIR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Clearsign Technologies Corp's earnings high quality?
Clearsign Technologies Corp (CLIR) has an earnings quality ratio of 0.83x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Clearsign Technologies Corp?
Clearsign Technologies Corp (CLIR) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.