ClearSign Technologies Corporation Provides First Quarter 2026 Update
Rhea-AI Summary
ClearSign Technologies (Nasdaq: CLIR) reported multiple operational milestones for the quarter ended March 31, 2026. The company highlighted new burner and flare orders in California and West Texas, successful DOE SBIR testing of its 100% hydrogen-capable ClearSign Core 2 burner, cash of approximately $7.7 million, a completed 1-for-10 reverse stock split, and details of a May 20, 2026 investor conference call.
AI-generated analysis. Not financial advice.
Positive
- Multiple new burner and flare orders in California and West Texas during early 2026
- Successful DOE SBIR testing of 100% hydrogen-capable ClearSign Core 2 process burner
- Cash and cash equivalents of approximately $7.7 million as of March 31, 2026
- Order for next phase of 32-burner retrofit project at a California refinery
- Fifth low-emission flare order covering a full retrofit enclosed flare system in California
Negative
- None.
News Market Reaction – CLIR
On the day this news was published, CLIR gained 2.24%, reflecting a moderate positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $596K to the company's valuation, bringing the market cap to $27.21M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CLIR was up 1.09% pre-release while scanner peers were mixed: CLWT up modestly and ZONE down, with no same-day peer news, indicating a stock-specific move rather than a sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 20 | Burner order win | Positive | +1.1% | M1 burner order for a new midstream heater in West Texas. |
| May 14 | Project phase order | Positive | +17.0% | Next-phase order for 32-burner retrofit and testing at California refinery. |
| May 06 | Earnings call notice | Neutral | +0.0% | Announcement of timing and access details for Q1 2026 conference call. |
| Apr 09 | Q4/FY 2025 update | Positive | -14.4% | Record Q4 and full-year 2025 revenue with expanding pipeline and new burners. |
| Apr 07 | Conference participation | Neutral | -11.4% | CEO presentation at Water Tower Research conference on technology and pipeline. |
Recent news often triggered sizable moves in both directions, including a selloff on record 2025 results, suggesting headline sensitivity and occasional divergence between fundamentals and price reaction.
Over the last few months, ClearSign has highlighted growing burner and flare orders, including an M1 burner for West Texas and a 32‑burner retrofit project in California. A Q4/FY 2025 update showed record revenue of $3.7M for Q4 and $5.2M for 2025, yet the stock fell 14.4% afterward. Conference and conference‑call announcements around April–May 2026 saw muted to negative moves. Today’s operational and cash update fits into this ongoing commercialization and communication cycle.
Market Pulse Summary
This announcement combines an operational update—new burner and flare orders, successful demonstrations, and DOE-backed testing—with a brief financial snapshot showing cash of about $7.7M and 5,409,133 shares outstanding after a 1-for-10 reverse split. In the recent past, record 2025 results and sizable retrofit projects have not always produced lasting share gains, underscoring execution and adoption risk. Investors may watch upcoming deliveries in Q3 2026 and conference-call commentary for signs of sustained order momentum.
Key Terms
reverse stock split financial
process burner technical
enclosed flare system technical
Small Business Innovation Research regulatory
AI-generated analysis. Not financial advice.
TULSA, OK / ACCESS Newswire / May 20, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, today provides an update on operations for the quarter ended March 31, 2026.
"We made notable progress at the start of the year," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We expanded the scope of a flare order to include a full system and secured a fifth order from an energy customer in California. We also successfully completed a well-attended process burner demonstration at Zeeco Inc. that showcased the capabilities of our new ClearSign Core Gen 2 technology. Most recently, we received another "M" Series burner order destined for West Texas. We remain encouraged by the strong level of engagement and the steady flow of customer requests for proposals that we continue to receive."
Strategic and Operational Highlights
Recent strategic and operational highlights during and subsequent to the first quarter of 2026:
ClearSign Received "M1" Series Burner Order for Midstream Heater in West Texas: The ClearSign Core™ M1 burner, sold through Tulsa Heaters Midstream, will be installed in a new heater at a gas processing facility of a multinational energy company in West Texas. The Company expects to deliver the burner in the third quarter of 2026.
Received Order for Next Phase of 32 Burner Project for California Refinery: The Company received a purchase order for the physical testing and demonstration of burners as the second phase of a process heater retrofit project comprising a total of 32 ClearSign Core™ burners to be installed in the customer's California refinery.
Reported Successful Sub 5ppm Department of Energy/Small Business Innovation Research Flexible Fuel Burner Testing: In conjunction with the U.S. Department of Energy's ("DOE") National Energy Technology Laboratory, under its Small Business Innovation Research ("SBIR") program, the Company successfully completed the testing of its ClearSign Core™ Flexible Fuel,
Received Fifth Low-Emission Flare Order from an Energy Company in California: The Company received an order covering engineering and product delivery for a total retrofit enclosed flare system at a production facility in California's San Joaquin Valley, scheduled for delivery in the third quarter of 2026. The scope of the order includes upgraded flare technology, stack components, and control upgrades, further expanding ClearSign's engagement beyond burner technology and into broader emission and system integration solutions.
Financial Information
Cash and cash equivalents were approximately
There were 5,409,133 shares of the Company's common stock issued and outstanding as of March 31, 2026, which reflects the 1-for-10 reverse stock split of the Company's shares of common stock that became effective on March 16, 2026.
Conference Call
The Company will be hosting a call at 5:00 PM ET today. Investors interested in participating on the live call can dial 1-888-506-0062 within the U.S. or 1-973-528-0011 from abroad, both using Participant Access Code:961399 Investors can also access the call online through a listen-only webcast at https://www.webcaster5.com/Webcast/Page/3133/53993 or on the investor relations section of the Company's website at http://ir.clearsign.com/overview.
The Company will host a Q&A session during the call and investors wishing to submit a question ahead of time can do so by emailing questions to mselinger@firmirgroup.com.
The webcast will be archived on the Company's investor relations website for at least 90 days and a telephonic playback of the conference call will be available by calling 877-481-4010 within the U.S. or 919-882-2331 from abroad using Replay Passcode #53993. The telephonic playback will be available for 7 days after the conference call.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products and technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial systems, including operational performance, energy efficiency, emission reduction, safety, the use of hydrogen as a fuel and overall cost-effectiveness. The Company's patented technologies, embedded in established OEM products as ClearSign Core™ and ClearSign Eye™ and other sensing configurations, enhance the performance of combustion systems and fuel safety systems in a broad range of markets, including the energy (upstream oil production and downstream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit www.clearsign.com.
Cautionary Note on Forward-Looking Statements
All statements in this press release that are not based on historical fact are "forward-looking statements." You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may," "will" or other similar expressions. While management has based any forward-looking statements included in this press release on its current expectations regarding the Company's strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, that could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, the Company's ability to successfully deliver, install, and meet the performance obligations of the Company's burners, sensors, flares and any other products it may offer from time to time in the markets it operates in, and any other markets the Company may sell products in; the performance of the Company's products, including its ultra-low NOx burner and the related fuel and electricity savings; the Company's ability to timely fabricate and ship its burners, sensors, flares and any other products or technologies it may offer from time to time; the Company's ability to further expand the sale of ultra-low NOx process and boiler burners, as well as its "M" Series process burner; the Company's ability to expand its sales of flaring solutions; the Company's ability to expand the scope of its engagements beyond burner technologies and into broader emission solutions; the risk that results achieved under the DOE'S SBIR program may not be replicated in commercial applications; the risk that future government grants, contracts or research funding may not be available to the Company on favorable terms or at all; the Company's ability to successfully market its co-branded process burner line with Zeeco Inc.; the Company's ability to diversify its product offerings through different applications of its technologies and core competencies; the Company's ability to generate sales and purchase orders from its engineering and computer modeling orders; the Company's ability to generate orders from proposals and quotes sent to potential customers and other participants in the industry or through demonstrations of its products; the Company's ability to market and gain market acceptance of its fuel flexible
For further information:
Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.com
ClearSign Technologies Corporation and Subsidiary
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands, except share and per share data) | March 31, | December 31, | ||||||
2026 | 2025 | |||||||
ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 7,736 | $ | 9,178 | ||||
Accounts receivable | 171 | 1,360 | ||||||
Deferred costs | 433 | 329 | ||||||
Contract assets | 8 | - | ||||||
Prepaid expenses and other assets | 431 | 359 | ||||||
Total current assets | 8,779 | 11,226 | ||||||
Fixed assets, net | 166 | 195 | ||||||
Contract assets | 127 | - | ||||||
Patents and other intangible assets, net | 764 | 760 | ||||||
Total Assets | $ | 9,836 | $ | 12,181 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current Liabilities: | ||||||||
Accounts payable and accrued liabilities | $ | 1,752 | $ | 1,644 | ||||
Current portion of lease liabilities | 98 | 96 | ||||||
Accrued compensation and related taxes | 257 | 564 | ||||||
Contract liabilities | 63 | 100 | ||||||
Other current liabilities | - | 180 | ||||||
Total current liabilities | 2,170 | 2,584 | ||||||
Long Term Liabilities: | ||||||||
Long term lease liabilities | 42 | 67 | ||||||
Total liabilities | 2,212 | 2,651 | ||||||
Commitments and contingencies (Note 10) | ||||||||
Stockholders' Equity: | ||||||||
Preferred stock, | - | - | ||||||
Common stock, | 1 | 1 | ||||||
Additional paid-in capital | 114,343 | 114,061 | ||||||
Accumulated other comprehensive loss | (18 | ) | (20 | ) | ||||
Accumulated deficit | (106,702 | ) | (104,512 | ) | ||||
Total stockholders' equity | 7,624 | 9,530 | ||||||
Total Liabilities and Stockholders' Equity | $ | 9,836 | $ | 12,181 | ||||
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
ClearSign Technologies Corporation and Subsidiary
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)
(in thousands, except share and per share data) | For the Three Months Ended | |||||||
March 31, | ||||||||
2026 | 2025 | |||||||
Revenues | $ | 191 | $ | 401 | ||||
Cost of goods sold | 584 | 205 | ||||||
Gross profit (loss) | (393 | ) | 196 | |||||
Operating expenses: | ||||||||
Research and development | 249 | 447 | ||||||
General and administrative | 1,637 | 2,006 | ||||||
Total operating expenses | 1,886 | 2,453 | ||||||
Loss from operations | (2,279 | ) | (2,257 | ) | ||||
Other income, net: | ||||||||
Interest income | 62 | 133 | ||||||
Government assistance | 28 | 48 | ||||||
Other income, net | (1 | ) | - | |||||
Total other income, net | 89 | 181 | ||||||
Net loss | $ | (2,190 | ) | $ | (2,076 | ) | ||
Net loss per share - basic and fully diluted | $ | (0.39 | ) | $ | (0.38 | ) | ||
Weighted average number of shares outstanding - basic and fully diluted | 5,627,127 | 5,499,598 | ||||||
Comprehensive loss: | ||||||||
Net loss | $ | (2,190 | ) | $ | (2,076 | ) | ||
Foreign-exchange translation adjustments | 2 | - | ||||||
Comprehensive loss | $ | (2,188 | ) | $ | (2,076 | ) | ||
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
SOURCE: ClearSign Technologies
View the original press release on ACCESS Newswire