Clearsign Combustion (CLIR) Misses Q3 EPS by 1c

Clearsign Combustion (NASDAQ: CLIR) reported Q3 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05).

"We had a very successful quarter in terms of setting up ClearSign for future growth," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We entered the quarter by announcing our collaborative partnership with Zeeco for process burners. As I've said before, we couldn't have asked for a better partner. On the heels of that, we bolstered our balance sheet to give us ongoing flexibility. Most recently, we have been able to get boots on the ground in China to restart our boiler burner demonstrations. Our first sensor product, the ClearSign Eye™ is commercially ready and our sales team is seeking our first installations," continued Dr. Deller. "Our initial process burner project is progressing well in testing, and we just announced another multi-burner order to execute for a major infrastructure company. We have a busy schedule for the coming weeks and months but we are very confident in our ability to deliver."

For earnings history and earnings-related data on Clearsign Combustion (CLIR) click here.

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