CLIR · NASDAQ · Industrial - Pollution & Treatment Controls

ClearSign Technologies (CLIR)

Embeds low-emissions combustion and sensing technology in OEM industrial products.

$4.27
At close+0.12 (+2.89%)
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ClearSign Technologies CorporationCLIRIndustrials

Sells patented combustion and sensing technology that OEMs and partners embed in industrial products. Its asset-light model serves energy, refining, boiler, chemical, petrochemical, transport, and power applications.

Patented ClearSign Core combustion technology and ClearSign Eye sensing configurations are designed to be embedded in established OEM products. The company targets energy, refining, commercial and industrial boiler, chemical, petrochemical, transport, and power applications.

Its model is asset-light: it commercializes technology through established OEM and partner offerings in end-market equipment rather than a broad standalone manufacturing footprint. A co-branded process-burner line with Zeeco is marketed by both companies’ sales teams.

Commercialization, IP protection, and working capital depend on adequate funding from co-development arrangements, strategic partnerships, or equity and debt financing.

Company facts

CEODr. Jim (Colin James) Deller
ListedApr 25, 2012
ExchangeNASDAQ
HeadquartersTulsa, OK
CountryUnited States
Employees15
CIK0001434524
ISINUS1850642018

Market cap$26.8M
EPS (ttm)−$0.9190
P/E (ttm)−4.62
ROE-58.1%
P/B2.56
P/S4.92
Dividend yieldDiv yield
Beta1.40vs XLI −0.43

No analyst consensus on record.

Next report
Nov 13, 2026
in 71 days
EPS estimate
−$0.20
Revenue estimate
$875.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Aug '25Nov '25Apr '26May '26May '26Aug '26Aug '26Nov '26
Reported−$0.03−$0.03$0.01−$0.39−$0.39−$0.22−$0.22Pending
Estimate−$0.04−$0.04−$0.30−$0.29−$0.29−$0.25−$0.25−$0.20
Surprise+25.0%+25.0%+103.3%−34.5%−34.5%+12.0%+12.0%

RevenueReportedEstimate

Aug '25Nov '25Apr '26May '26May '26Aug '26Aug '26Nov '26
Reported$133.0K$1.0M$3.7M$191.0K$191.0K$560.0K$560.0KPending
Estimate$644.0K$2.4M$2.4M$1.3M$1.3M$612.5K$612.5K$875.0K
Surprise−79.3%−57.6%+52.6%−85.0%−85.0%−8.6%−8.6%
Estimate−$0.20
ReportedDue Nov 13, 2026
Estimate$875.0K
ReportedDue Nov 13, 2026
View details

Debt to equity1.20%
Current ratio478.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.9M$590.0K$401.0K$133.0K$1.0M$3.7M$191.0K$560.0K
Net income−$1.2M−$1.2M−$2.1M−$1.7M−$1.4M−$311.0K−$2.2M−$1.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.4M−$1.7M−$2.3M−$1.8M−$1.8M−$397.0K−$2.3M−$1.5M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $9.9M · Total debt $117.0K · Total assets $12.2M · Shareholders' equity $9.8M

Revenue
$560.0K
Operating income
−$1.5M
Net income
−$1.3M
View details

No dividends on record.

Institutions21 holders · as of Mar 31, 20265.85%398.5K shares
Insiders6 holders · as of Jul 24, 202621.37%1.45M shares
Otherremainder72.78%4.95M shares

6.81M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
John M. PasquesiInsider10 percent owner
19.74%1.34MForm 4filed Jul 24, 2026
Vanguard Capital Management LLCInstitution
1.55%105,42913Fas of Mar 31, 2026
Simon Quick Advisors, LLCInstitution
0.89%60,31413Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
0.85%57,68313Fas of Mar 31, 2026
Anthony DigiandomenicoInsiderdirector
0.80%54,448Form 4filed May 27, 2025
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 22, 2026John M. Pasquesi10 percent owner+500,000$3.54
Apr 23, 2026Gil Todd Silvadirector+2,000$5.28
Mar 16, 2026Gil Todd Silvadirector+2,000$4.36
Mar 17, 2026Gil Todd Silvadirector+2,000$4.20
View details

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