Clearsign Combustion Up 7.26% To $1.33 After Earnings Beat

2022-06-18 23:39:28 By : Ms. Carol Lee

Clearsign Combustion (CLIR) said after close Thursday that it lost $0.05 per share in quarter one 2022. The company reported $0.00 in revenue In the same quarter a year ago, the company lost $0.07 per share on revenue of $0.00. The stock is up 7.26% to $1.33 after the report. The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease. Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report. InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading. Prior to the report, InvestorsObserver gave the stock an overall score of 51. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy. ClearSign Technologies Corp is engaged in the designing and developing of combustion solutions. Its patented ClearSign Core technology enhances the performance of combustion systems in a broad range of markets, including the energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. It offers ClearSign Core Burner Technology; ClearSign Core Plug & Play; ClearSign Core Boiler Burner Technology; ClearSign Core Flaring Burners; and ClearSign Eye Flame Sensor.

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