CLIR Earnings Prediction
The chart below shows how CLIR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLIR sees a -3.41% change in stock price 10 days leading up to the earnings, and a -3.68% change 10 days following the report. On the earnings day itself, the stock moves by +1.47%. This data can give you a slight idea of what to expect for the next quarter's release.
CLIR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.86M
2087.06%
4031.11%
Gross Margin
29.64%
4.96%
-68.24%
Operating Margin
-70.04%
-95.92%
-98.39%
Net Margin
-62.13%
-96.04%
-98.51%
EPS
-0.02
-33.33%
-50.00%
No Data Available
CLIR Earnings Analysis
ClearSign Technologies Corporation Common Stock (DE) Corporation (CLIR.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: The company recognized approximately $1.9 million in revenues for the third quarter of 2024, compared to $85,000 for the same comparable period in 2023.
Record Quarterly Revenue: This quarter's revenue is the largest quarterly revenue figure ever reported by the company.
Revenue Increase Overview: Our year-to-date revenues for the nine months ended September 30, 2024, was approximately $3 million, which is a $1.9 million increase over the prior comparable period in 2023.
Gross Profit Margin Increase: Our year-to-date gross profit margin also increased year-over-year by 11% from 22% in 2023, to 33% in 2024, adding approximately $340,000 in profit, compared to the prior period.
Major Burner Order Received: We have received a significant order for 26 burners going into a Fortune 500 global petrochemical company down on the U.S. Gulf Coast.
Negative
Revenue Surge Q3 2024: For the third quarter 2024, the company recognized approximately $1.9 million in revenues, compared to $85,000 for the same comparable period in 2023.
Revenue Increase Overview: Our year-to-date revenues for the nine months ended September 30, 2024, was approximately $3 million, which is a $1.9 million increase over the prior comparable period in 2023.
Profit Offset by Accrual: This profit was offset by $394,000 as a result of a one-time accrual estimate related to the decision to suspend our China operations.
Net Loss Improvement: Our year-to-date net loss for the nine months ended September 30, 2024, decreased by $104,000, which is an improvement of 2.5% over the comparable period in 2023.
Ending Cash Balance: Our ending cash balance for September 30, 2024, was approximately $14.5 million.
CLIR FAQs
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CLIR Earning Call Sentiment
ClearSign Technologies Corporation (CLIR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CLIR.O
4.55%Positive
The earnings call reveals strong financial performance with record-high revenue and improved gross margins. The company's strategic initiatives and partnerships, such as with Zeeco, are promising. Despite risks like market expansion challenges and revenue lumps, ClearSign's solid cash position and growing project pipeline are positive indicators. The Q&A highlights further margin improvement and a growing business demand, which are favorable. The lack of a shareholder return plan is a minor negative, but overall, the sentiment is positive, suggesting a likely stock price increase of 2% to 8%.
