ClearSign Technologies (CLIR) Q2 2026 earnings summary

Executive summary

• Revenues for Q2 2026 increased 321% year-over-year to $560K, driven by flare system deliveries, spare parts, and CFD studies.

• Net loss for Q2 2026 was $1.3M, an improvement from $1.7M in Q2 2025, with a narrowed loss per share of $0.22.

• Operating expenses decreased 8.8% year-over-year, mainly due to lower legal fees.

• Cash and cash equivalents rose to $9.9M at June 30, 2026, up from $9.2M at year-end 2025, bolstered by a $3.4M public offering.

Financial highlights

• Q2 2026 revenues: $560K (Q2 2025: $133K); six-month revenues: $751K (2025: $534K).

• Gross profit for Q2 2026: $228K (Q2 2025: $55K); six-month gross loss: $165K (2025: profit $251K), impacted by a $410K warranty accrual.

• Net loss for six months ended June 30, 2026: $3.5M (2025: $3.8M).

• No debt obligations; working capital of $8.8M at June 30, 2026.

Outlook and guidance

• Management expects continued operating losses and negative cash flow until recurring sales increase.

• Sufficient cash to fund operations for over twelve months; additional capital may be needed beyond that period.

• Focus remains on commercialization, strategic partnerships, and expanding market acceptance.