We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ClearSign Technologies Q1 Earnings Miss Estimates, Revenues Fall Y/Y
Read MoreHide Full Article
Key Takeaways
ClearSign Technologies posted a wider Q1 loss as revenues dropped 52% and missed estimates.
CLIR's gross loss reflected higher burner warranty accruals and lower quarterly revenues.
ClearSign Technologies secured an M1 burner order for a West Texas gas processing facility installation.
ClearSign Technologies Corporation (CLIR - Free Report) posted a first-quarter 2026 loss of 39 cents per share compared with the prior year’s loss of 38 cents. The Zacks Consensus Estimate was pegged at a loss of 29 cents.
Revenues were $0.19 million, down 52.4% from $0.40 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate by 85.31%. The results reflected pressure from elevated product-related costs, even as the company continued advancing burner and flare opportunities.
ClearSign Technologies Corporation Price, Consensus and EPS Surprise
The quarter’s operating picture was heavily shaped by the cost of goods sold of $0.58 million compared with $0.21 million a year ago. The surge in cost of goods sold was largely due to a warranty accrual estimate adjustment tied to process burners installed in the third quarter of 2025.
That swing pushed results to a gross loss of $0.39 million against the gross profit of $0.20 million in the prior-year quarter. The downside was also due to lower revenues.
Below gross profit, CLIR reduced operating expenses to $1.89 million from $2.45 million in the year-ago quarter. Research and development expenses declined year over year to $0.25 million from $0.45 million, led by $0.12 million received for cost-sharing under a collaborative R&D project.
General and administrative expenses were $1.64 million in the quarter, down 18.4% year over year.
ClearSign Technologies’ Q1 Financial Condition
CLIR ended the quarter with cash and cash equivalents of $7.74 million, down from $9.18 million as of Dec. 31, 2025. Working capital was $6.61 million compared with $8.64 million at the year-end, reflecting the quarter’s cash usage and balance sheet movement.
Operating activities used $1.35 million in cash in the quarter, primarily tied to the net loss, with a large reduction in accounts receivable helping offset the impacts. Investing cash outflow was $0.06 million, largely related to patents and other intangible assets, while the financing cash outflow was $0.03 million, reflecting taxes paid related to employee equity awards.
CLIR Order Updates
On Wednesday, the company announced that it secured a purchase order for a ClearSign M1 burner from heater manufacturer Tulsa Heaters Midstream. CLIR will sell its ClearSign Core M1 burner through Tulsa Heaters Midstream and install it in a new heater at a gas processing facility of a multi-national energy company in West Texas.
The company expects to complete this delivery in the third quarter of 2026.
ClearSign Technologies’ Stock Price Performance
The company’s shares have lost 31% in the past year compared with the industry’s decline of 2.2%.
Image Source: Zacks Investment Research
CLIR’s Zacks Rank
The company currently carries a Zacks Rank #5 (Strong Sell).
MSC Industrial Direct Company, Inc. (MSM - Free Report) reported second-quarter fiscal 2026 (ended on Feb. 28, 2026) adjusted earnings per share of 82 cents, missing the Zacks Consensus Estimate of 84 cents. The bottom line increased 13.9% year over year.
MSC Industrial generated sales of around $918 million in the quarter under review, up 2.9% from $935 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $934 million.
SiteOne Landscape Supply, Inc. (SITE - Free Report) posted first-quarter 2026 adjusted loss per share of 60 cents. The Zacks Consensus Estimate was pegged at a loss of 45 cents. The company posted a loss of 61 cents in the year-ago quarter.
SiteOne Landscape Supply generated sales of around $940 million in the quarter under review, up 0.1% from $939 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $985 million.
Hudson Technologies, Inc. (HDSN - Free Report) registered first-quarter 2026 adjusted earnings per share of 1 cent, missing the Zacks Consensus Estimate of 5 cents. The company posted earnings of 6 cents in the year-ago quarter.
Hudson Technologies generated sales of around $60 million in the quarter under review, up 9.1% from $55 million in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $57 million.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Zacks
ClearSign Technologies Q1 Earnings Miss Estimates, Revenues Fall Y/Y
Key Takeaways
ClearSign Technologies Corporation (CLIR - Free Report) posted a first-quarter 2026 loss of 39 cents per share compared with the prior year’s loss of 38 cents. The Zacks Consensus Estimate was pegged at a loss of 29 cents.
Revenues were $0.19 million, down 52.4% from $0.40 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate by 85.31%. The results reflected pressure from elevated product-related costs, even as the company continued advancing burner and flare opportunities.
ClearSign Technologies Corporation Price, Consensus and EPS Surprise
ClearSign Technologies Corporation price-consensus-eps-surprise-chart | ClearSign Technologies Corporation Quote
CLIR Q1 Operational Update
The quarter’s operating picture was heavily shaped by the cost of goods sold of $0.58 million compared with $0.21 million a year ago. The surge in cost of goods sold was largely due to a warranty accrual estimate adjustment tied to process burners installed in the third quarter of 2025.
That swing pushed results to a gross loss of $0.39 million against the gross profit of $0.20 million in the prior-year quarter. The downside was also due to lower revenues.
Below gross profit, CLIR reduced operating expenses to $1.89 million from $2.45 million in the year-ago quarter. Research and development expenses declined year over year to $0.25 million from $0.45 million, led by $0.12 million received for cost-sharing under a collaborative R&D project.
General and administrative expenses were $1.64 million in the quarter, down 18.4% year over year.
ClearSign Technologies’ Q1 Financial Condition
CLIR ended the quarter with cash and cash equivalents of $7.74 million, down from $9.18 million as of Dec. 31, 2025. Working capital was $6.61 million compared with $8.64 million at the year-end, reflecting the quarter’s cash usage and balance sheet movement.
Operating activities used $1.35 million in cash in the quarter, primarily tied to the net loss, with a large reduction in accounts receivable helping offset the impacts. Investing cash outflow was $0.06 million, largely related to patents and other intangible assets, while the financing cash outflow was $0.03 million, reflecting taxes paid related to employee equity awards.
CLIR Order Updates
On Wednesday, the company announced that it secured a purchase order for a ClearSign M1 burner from heater manufacturer Tulsa Heaters Midstream. CLIR will sell its ClearSign Core M1 burner through Tulsa Heaters Midstream and install it in a new heater at a gas processing facility of a multi-national energy company in West Texas.
The company expects to complete this delivery in the third quarter of 2026.
ClearSign Technologies’ Stock Price Performance
The company’s shares have lost 31% in the past year compared with the industry’s decline of 2.2%.
CLIR’s Zacks Rank
The company currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CLIR’s Peer Performances
MSC Industrial Direct Company, Inc. (MSM - Free Report) reported second-quarter fiscal 2026 (ended on Feb. 28, 2026) adjusted earnings per share of 82 cents, missing the Zacks Consensus Estimate of 84 cents. The bottom line increased 13.9% year over year.
MSC Industrial generated sales of around $918 million in the quarter under review, up 2.9% from $935 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $934 million.
SiteOne Landscape Supply, Inc. (SITE - Free Report) posted first-quarter 2026 adjusted loss per share of 60 cents. The Zacks Consensus Estimate was pegged at a loss of 45 cents. The company posted a loss of 61 cents in the year-ago quarter.
SiteOne Landscape Supply generated sales of around $940 million in the quarter under review, up 0.1% from $939 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $985 million.
Hudson Technologies, Inc. (HDSN - Free Report) registered first-quarter 2026 adjusted earnings per share of 1 cent, missing the Zacks Consensus Estimate of 5 cents. The company posted earnings of 6 cents in the year-ago quarter.
Hudson Technologies generated sales of around $60 million in the quarter under review, up 9.1% from $55 million in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $57 million.