Key Highlights

  • 0.20 is the consensus loss per share for ClearSign Technologies Corporation (NASDAQ:CLIR) ahead of its third quarter 2026 report, scheduled for November 19, 2026, with the conference call at 5:00 p.m. ET.
  • 560,000 USD is the approximate second quarter 2026 revenue, up from about USD 133,000 a year earlier, with gross Margin of roughly 41% and general and administrative expense lower by USD 368,000.
  • 11.6 million USD is the pro forma cash at June 30, 2026, which combines USD 9.9 million of cash with about USD 1.7 million of net proceeds from a July 2026 sale of 500,000 shares at USD 3.54.
  • 6 million USD to USD 7 million is the annual run rate management called feasible for Midstream and flare sales, a comment from the CEO rather than formal guidance for ClearSign Technologies Corporation (NASDAQ:CLIR).

What Investors Expect From ClearSign Technologies Corporation (NASDAQ:CLIR) on November 19, 2026

ClearSign Technologies Corporation is scheduled to release third quarter 2026 results on Thursday, November 19, 2026, after the market close, with a conference call at 5:00 p.m. ET. The consensus estimate is a loss of USD 0.20 per share. Published market data puts the share price at USD 2.26, which on about 6.8 million shares outstanding implies a market Capitalization of roughly USD 15.4 million, calculated. The comparison base is second quarter Revenue of about USD 560,000, driven by partial delivery of a flare system order, computational fluid dynamics studies and spare parts.

The Rationale: Last Reported Quarter and Management Outlook for ClearSign Technologies Corporation (NASDAQ:CLIR)

In the quarter ended June 30, 2026, revenue was about USD 560,000 against about USD 133,000, and the net loss decreased by USD 373,000 as general and administrative expense fell USD 368,000 on lower legal fees. Net cash used in operations was about USD 1.2 million versus about USD 511,000, which management attributed to collection timing. Six M Series burner orders were received, including five large M1 burners for a Permian Basin user, and the next phase of a 32-burner California refinery project is under way. A 36-burner Texas project is on hold, and a 26-burner Gulf Coast project is on track.

Valuation, Liquidity and Risks for ClearSign Technologies Corporation (NASDAQ:CLIR)

Cash was about USD 9.9 million at June 30, 2026, or about USD 11.6 million pro forma, with about 6.8 million shares outstanding as of August 8, 2026. With a market capitalization of roughly USD 15.4 million, calculated, the stock is a small-cap and can be volatile and thinly traded. Large M1 burners sell for just under USD 200,000 each, small M25 burners for roughly USD 40,000, and full-system flares typically for USD 750,000 to USD 1 million. Risks include customer financing, project timing, lumpy orders, and the lack of formal guidance or a quantified backlog.

Where Things Stand

Where things stand: ClearSign Technologies Corporation (NASDAQ:CLIR) reports on November 19, 2026 with a consensus loss of USD 0.20 per share, pro forma cash of about USD 11.6 million and about 50 M Series proposals outstanding at the prior call. Management said a double-digit-million revenue opportunity exists but declined to give a timeline, and has estimated about USD 2 million of revenue per heater for process burner projects, with over 20 heaters across three customers in the pipeline and no orders yet. California burner witnessing was expected in early October and Gulf Coast startup results in October. This article is informational and is not Investment advice.