ClearSign Technologies Q2 revenue rises on burner sales growth - CLIR News | RalliesClearSign Technologies Q2 revenue rises on burner sales growth
C
CLIR• Outlook
- Company did not provide specific financial guidance for the current or future periods
Overview
- US combustion tech firm's Q2 revenue rose yr/yr but missed analyst expectations
- Company posted Q2 net loss, narrowing from prior year
- Company appointed former ExxonMobil executive Larry Saddler to board
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | | $560,000 | $612,500 (2 Analysts) |
| Q2 Loss Per Share | | $0.22 | |
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
- Wall Street's median 12-month price target for ClearSign Technologies Corp is $20.00, about 328.3% above its August 18 closing price of $4.67
Result Drivers
- BURNER SALES - Co said M Series midstream burners are gaining market traction, with six sold to two major operators in West Texas
OSRH
•
