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ClearSign Combustion Corporation

Company price
2.36 USD 0.05 ( 2.16%)
Last update at 2026-11-06T21:00:00Z
VOLUME
11551
Market Cap
29.21M

Momentum Score

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ClearSign Technologies Corporation designs and develops products and technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong. The company's technologies include ClearSign core burner technology consists of an industrial burner body and a downstream porous ceramic or metal flame stabilizing structure; ClearSign core process burner technology that provides a direct burner replacement for traditional refinery process heaters; ClearSign core boiler burner technology; ClearSign core flaring burners that can be used individually, or in combination, to provide a flare product with extremely low nitrogen oxide emissions; and ClearSign eye flame sensor, an electrical flame sensor for industrial applications. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. ClearSign Technologies Corporation was formerly known as ClearSign Combustion Corporation and changed its name to ClearSign Technologies Corporation in November 2019. The company was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.

Source: TradingView
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Day Price Range
2.31
Low
2.43
High
52 Week Price Range
3.24
Low
11.20
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

ClearSign Combustion Corporation develops combustion-control and retrofit technologies intended to reduce pollutants and improve efficiency in industrial boilers and gas turbines. Long-term growth may be supported by tightening emissions regulations, demand for decarbonization and retrofits, and potential OEM or licensing relationships. Investors may find the company attractive for exposure to technology-based industrial emissions and efficiency solutions.
Principal risks include limited commercial traction and adoption, execution and financing risk, competition from incumbent OEMs and alternative emissions technologies, and sensitivity to regulatory and industrial-cycle variability; investors should monitor these factors.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2.31
Dividend Yield
-
Revenue TTM
5.23M
Revenue Per Share
0.94
Gross Profit TTM
1.42M
Debt / Equity
0.02
ROE
-47.19%
Net Debt
-9.02M
ROCE
-61.84%
Diluted EPS TTM
-0.10

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -5.50M -5.30M -5.19M -5.76M -7.89M
Minority interest - - - 0.00M 0.00M
Net income -5.50M -5.30M -5.19M -5.40M -7.89M
Selling general administrative 6.67M 6.13M 6.06M 5.73M 5.01M
Selling and marketing expenses - - 0.08M - -
Gross profit 1.42M 1.12M 0.82M 0.12M -0.45M
Reconciled depreciation 0.28M 0.27M 0.40M 0.29M 0.26M
Ebit -5.93M -5.82M -5.98M -5.88M -8.14M
Ebitda -5.66M -5.55M -5.68M -5.63M -7.88M
Depreciation and amortization 0.28M 0.27M 0.30M 0.25M 0.26M
Operating income -5.93M -6.49M -5.98M -5.88M -8.14M
Other operating expenses 11.17M 10.08M 8.38M 6.26M 8.75M
Interest expense - - - 0.19M 0.00M
Interest income 0.44M 0.52M 0.32M - 0.00M
Net interest income 0.44M 0.52M 0.28M 0.08M 0.00M
Income tax expense - - - -0.36M -0.00M
Total revenue 5.23M 3.60M 2.40M 0.37M 0.61M
Total operating expenses 7.36M 7.61M 6.80M 6.00M 7.69M
Cost of revenue 3.81M 2.48M 1.59M 0.26M 1.06M
Total other income expense net 0.44M 1.19M 0.79M 0.13M 0.25M
Net income from continuing ops -5.50M -5.30M -5.56M -5.76M -7.89M
Net income applicable to common shares - - - - -7.89M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 12.18M 15.92M 7.62M 10.93M 9.36M
Intangible assets 0.76M 0.83M 0.84M 0.80M 0.80M
Other current assets 0.69M 0.45M 0.35M 0.58M 0.34M
Total liab 2.65M 2.15M 2.43M 1.37M 1.08M
Total stockholder equity 9.53M 13.76M 5.19M 9.55M 8.28M
Other current liab 0.84M 1.14M 0.81M 0.77M 0.44M
Common stock 0.00M 0.01M 0.00M 0.00M 0.00M
Capital stock 0.00M 0.01M - 0.00M 0.00M
Retained earnings -104.51M -99.02M -93.72M -88.52M -82.77M
Other assets - - 0.00M - 0.01M
Cash 9.18M 14.04M 5.68M 6.45M 7.61M
Total current liabilities 2.58M 2.04M 2.26M 1.15M 0.73M
Current deferred revenue - 0.07M 1.12M 0.25M 0.08M
Net debt -9.02M -13.85M -5.44M -6.09M -7.05M
Short term debt 0.10M 0.07M 0.07M 0.13M 0.20M
Short long term debt total 0.16M 0.19M 0.24M 0.36M 0.56M
Other stockholder equity 114.06M 112.80M 98.92M 98.08M 91.03M
Property plant equipment - - - - 0.53M
Total current assets 11.23M 14.85M 6.51M 9.73M 8.02M
Net tangible assets - - - - 7.48M
Short term investments - - - 2.61M -
Net receivables 1.36M 0.36M 0.47M 0.10M 0.07M
Inventory - - - - -0.04M
Accounts payable 1.64M 0.08M 0.26M - 0.22M
Accumulated other comprehensive income -0.02M -0.02M -0.02M -0.01M 0.01M
Non currrent assets other - - -0.00M 0.01M 0.01M
Non current assets total 0.95M 1.07M 1.11M 1.19M 1.34M
Capital lease obligations 0.16M 0.19M - 0.36M 0.56M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -0.22M 3.89M -2.69M -0.21M
Change to liabilities - - - - -0.21M
Total cashflows from investing activities -0.10M -0.22M - - -0.21M
Total cash from financing activities -0.02M 12.95M -0.01M 6.54M 5.69M
Change to operating activities - - - - 0.17M
Net income -5.50M -5.30M -5.19M -5.76M -7.89M
Change in cash -4.86M 8.35M -0.77M -1.16M -1.22M
Begin period cash flow 14.04M 5.68M 6.45M 7.61M 8.82M
End period cash flow 9.18M 14.04M 5.68M 6.45M 7.61M
Total cash from operating activities -4.74M -4.37M -3.23M -4.99M -6.71M
Issuance of capital stock 0.00M 12.97M 0.00M 6.54M 5.31M
Depreciation 0.28M 0.27M 0.42M 0.29M 0.26M
Other cashflows from investing activities -0.10M -0.18M - - -
Change to inventory - - - - 0.20M
Change to account receivables -1.20M 0.12M -0.38M -0.05M -0.03M
Sale purchase of stock - -0.01M -0.01M -5.90M -
Other cashflows from financing activities -0.04M -0.02M -0.01M 5.90M 0.39M
Change to netincome - - - - 0.94M
Capital expenditures 0.10M 0.22M 0.20M 0.16M 0.21M
Change in working capital -0.48M 0.08M 0.10M 0.14M -0.02M
Stock based compensation 0.89M 0.53M 0.62M 0.37M 0.68M
Other non cash items 0.07M 0.05M 0.81M -0.04M -0.22M
Free cash flow -4.84M -4.59M -3.43M -5.16M -6.92M

Peer Comparison*

Sector: Industrials Industry: Pollution & Treatment Controls

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CLIR
ClearSign Combustion Corporation
0.05
2.16%
2.36 - 72.99 5.58 3.04 3.82 -3.71
VLTO
Veralto Corporation
0.54
0.46%
117.09 29.06 27.70 4.78 10.95 5.04 20.26
FSS
Federal Signal Corporation
1.36
1.21%
113.44 28.73 24.21 3.17 5.00 3.41 17.76
ZWS
Zurn Elkay Water Solutions Corporation
-0.38
0.87%
43.47 53.45 25.32 3.38 3.18 3.67 20.69
KTWIY
Kurita Water Industries Ltd
-0.77
1.17%
65.28 19.66 - 0.01 2.29 2.09 8.87

Profile*

ClearSign Combustion 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 in the United States, the People's Republic of China, and Hong Kong. The company's technologies include ClearSign core burner technology consists of an industrial burner body and a downstream porous ceramic or metal flame stabilizing structure; ClearSign core process burner technology that provides a direct burner replacement for traditional refinery process heaters; ClearSign core boiler burner technology; ClearSign core flaring burners that can be used individually, or in combination, to provide a flare product with extremely low nitrogen oxide emissions; and ClearSign eye flame sensor, an electrical flame sensor for industrial applications. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. ClearSign Technologies Corporation was formerly known as ClearSign Combustion Corporation and changed its name to ClearSign Technologies Corporation in November 2019. The company was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.

8023 East 63 Place, Tulsa, OK, United States, 74133

918 236 6461

15

Name Title Year Born
Dr. Colin James Deller Ph.D. CEO, Pres, Corp. Sec. & Director 1968
Mr. Brent Hinds VP of Fin., Controller, Treasurer and Principal Financial & Accounting Officer 1979
Louis Basenese VP of Corp. Communications NA
Mr. Stephen Michael Sock Sr. VP of Bus. Devel. NA
Mr. Manuel C. Menendez III Pres of ClearSign Asia Limited NA
Dr. Colin James Deller Ph.D. CEO, President, Corporate Secretary & Director 1968
Mr. Brent Hinds CFO & Treasurer 1979
Mr. Matthew Martin Chief Technology Officer NA
Louis Basenese Vice President of Corporate Communications NA
Mr. Stephen Michael Sock Senior Vice President of Business Development NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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