ClearSign Technologies (CLIR, Financial) has decided to increase the number of its board members from five to seven. Effective May 22, Anthony DiGiandomenico and Lou Basenese have been appointed to fill these new positions. On a related note, board member David M. Maley has informed the company of his decision not to seek re-election when his term ends at the 2025 annual stockholders' meeting. The board is yet to decide whether it will decrease its size or appoint a replacement.
Anthony DiGiandomenico brings extensive experience in investing in emerging technologies, having worked with various sectors such as biotechnology and renewable energy. He is currently the Chief of Transactions and a director at MDB Capital Holdings, a firm based in Dallas, Texas, which he co-founded in 1997. Additionally, DiGiandomenico has served on the boards of multiple biotech companies, Provention Bio and Cue Biopharma.
Lou Basenese enters the board with over 25 years in equity research, investment banking, and market strategy. He is the Executive Vice President of Market Strategy for Prairie Operating, a company focused on oil and natural gas development. His broad expertise in strategic planning and leadership will be a valuable asset to ClearSign Technologies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for ClearSign Technologies Corp (CLIR, Financial) is $2.00 with a high estimate of $2.00 and a low estimate of $2.00. The average target implies an upside of 250.88% from the current price of $0.57. More detailed estimate data can be found on the ClearSign Technologies Corp (CLIR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, ClearSign Technologies Corp's (CLIR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ClearSign Technologies Corp (CLIR, Financial) in one year is $2.01, suggesting a upside of 252.63% from the current price of $0.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ClearSign Technologies Corp (CLIR) Summary page.
CLIR Key Business Developments
Release Date: May 21, 2025
- Revenue: $400,000 for Q1 2025, down from $1.1 million in Q1 2024.
- Net Loss: Increased by approximately $1 million compared to Q1 2024.
- Legal Fees: $581,000 incurred for two separate activities.
- Cash Used in Operations: Approximately $1.1 million for Q1 2025, compared to $1 million in Q1 2024.
- Cash and Cash Equivalents: Approximately $12.8 million as of the end of Q1 2025.
- Outstanding Shares: Approximately 52.4 million as of March 31, 2025.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- ClearSign Technologies Corp (CLIR, Financial) has seen a significant increase in the number of quotations provided, with the total value of proposals nearly five times higher than the same period last year.
- The company is making progress with large process burner orders, including a 26-burner order for a Gulf Coast chemicals company and a 20-burner installation for a Los Angeles refinery.
- ClearSign Technologies Corp (CLIR) is experiencing a resurgence in its flare product line, driven by new regulatory needs, and has received repeat orders from existing customers.
- The collaboration with Zeeco is progressing well, with marketing teams working together to engage Zeeco's sales force, which could significantly expand ClearSign's market reach.
- The ClearSign Eye sensor product line is gaining traction, with upcoming installations in prominent refineries, indicating potential for future growth in this market segment.
Negative Points
- ClearSign Technologies Corp (CLIR) reported a decrease in revenues for the first quarter of 2025, down from $1.1 million in the same period in 2024 to approximately $400,000.
- The company experienced an increase in net loss by approximately $1 million compared to the same quarter in 2024, partly due to decreased sales volume and significant legal fees.
- There is a perception among some investors that the company has been relatively quiet in terms of public announcements, which may affect investor confidence.
- The company is still in the early stages of its engagement with Zeeco, and no inquiries have yet come in from Zeeco's sales team, indicating that the partnership's impact is not yet realized.
- The market for boiler burners has been generally quiet, with only a recent increase in inquiries, suggesting potential challenges in this product line.
