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 three months ended 31 March 2020, Clearsign Technologies Corp revenues was not reported. Net loss decreased 16% to $2M. Lower net loss reflects General and Administrative decrease of 22% to $1.2M (expense), Research and development decrease of 10% to $810K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.09 to -$0.07.
Employees: 15 as of Mar 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $51.42M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$7.94M as of Mar 31, 2020
Net annual income (TTM): -$8.11M as of Mar 31, 2020
Free cash flow (TTM): -$6.61M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,709,761 as of Apr 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization