Clearsign Technologies Corp (OQ:CLIR)

Business Focus: Industrial Machinery & Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 12870 Interurban Ave S
TUKWILA WA 98168-3318
Tel: 1-817-3108776
IR: See website
Key People
Robert Thurston Hoffman
Chairman of the Board
Colin James Deller
Chief Executive Officer, Director
Roberto Ruiz
Chief Operating Officer
Stephen Michael Sock
Senior Vice President - Business Development
Donald W Kendrick
Chief Technology Officer
Business Overview
ClearSign Technologies Corp., formerly ClearSign Combustion Corporation, is engaged in designing and developing technologies for the purpose of managing performance characteristics of combustion systems, including emission and operational performance, and energy efficiency. The Company's Duplex and Electrodynamic Combustion Control (ECC) platform technologies manage the performance of combustion systems in a range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, and power industries. The Company's Duplex technology uses a porous ceramic tile above a standard burner to reduce flame length and achieve low emissions without the need for external flue gas recirculation, catalytic reduction, or air systems. The Company's ECC technology offers a computer-controlled voltage electric field into a combustion volume in order to control gas-phase chemical reactions and manage system performance.
Financial Overview
For the fiscal year ended 31 December 2019, Clearsign Technologies Corp revenues decreased from $530K to $0K. Net loss decreased 11% to $8.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Research and Development decrease of 25% to $3.1M (expense), General and Administrative decrease of 2% to $5.5M (expense).
Employees: 15 as of Mar 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $6.95M as of Dec 31, 2019
Annual revenue (TTM): $0.00M as of Dec 31, 2019
EBITDA (TTM): -$8.34M as of Dec 31, 2019
Net annual income (TTM): -$8.48M as of Dec 31, 2019
Free cash flow (TTM): -$7.32M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,707,261 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization