ClearSign Technologies Corporation CLIR posted a first-quarter 2026 loss of 39 cents per share compared with the prior year’s loss of 38 cents. The Zacks Consensus Estimate was pegged at a loss of 29 cents.
Revenues were $0.19 million, down 52.4% from $0.40 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate by 85.31%. The results reflected pressure from elevated product-related costs, even as the company continued advancing burner and flare opportunities.
ClearSign Technologies Corporation Price, Consensus and EPS Surprise
ClearSign Technologies Corporation price-consensus-eps-surprise-chart | ClearSign Technologies Corporation Quote
CLIR Q1 Operational Update
The quarter’s operating picture was heavily shaped by the cost of goods sold of $0.58 million compared with $0.21 million a year ago. The surge in cost of goods sold was largely due to a warranty accrual estimate adjustment tied to process burners installed in the third quarter of 2025.
That swing pushed results to a gross loss of $0.39 million against the gross profit of $0.20 million in the prior-year quarter. The downside was also due to lower revenues.
Below gross profit, CLIR reduced operating expenses to $1.89 million from $2.45 million in the year-ago quarter. Research and development expenses declined year over year to $0.25 million from $0.45 million, led by $0.12 million received for cost-sharing under a collaborative R&D project.
General and administrative expenses were $1.64 million in the quarter, down 18.4% year over year.
ClearSign Technologies’ Q1 Financial Condition
CLIR ended the quarter with cash and cash equivalents of $7.74 million, down from $9.18 million as of Dec. 31, 2025. Working capital was $6.61 million compared with $8.64 million at the year-end, reflecting the quarter’s cash usage and balance sheet movement.
Operating activities used $1.35 million in cash in the quarter, primarily tied to the net loss, with a large reduction in accounts receivable helping offset the impacts. Investing cash outflow was $0.06 million, largely related to patents and other intangible assets, while the financing cash outflow was $0.03 million, reflecting taxes paid related to employee equity awards.
CLIR Order Updates
On Wednesday, the company announced that it secured a purchase order for a ClearSign M1 burner from heater manufacturer Tulsa Heaters Midstream. CLIR will sell its ClearSign Core M1 burner through Tulsa Heaters Midstream and install it in a new heater at a gas processing facility of a multi-national energy company in West Texas.
The company expects to complete this delivery in the third quarter of 2026.
ClearSign Technologies’ Stock Price Performance
The company’s shares have lost 31% in the past year compared with the industry’s decline of 2.2%.
CLIR’s Zacks Rank
The company currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CLIR’s Peer Performances
MSC Industrial Direct Company, Inc. MSM reported second-quarter fiscal 2026 (ended on Feb. 28, 2026) adjusted earnings per share of 82 cents, missing the Zacks Consensus Estimate of 84 cents. The bottom line increased 13.9% year over year.
MSC Industrial generated sales of around $918 million in the quarter under review, up 2.9% from $935 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $934 million.
SiteOne Landscape Supply, Inc. SITE posted first-quarter 2026 adjusted loss per share of 60 cents. The Zacks Consensus Estimate was pegged at a loss of 45 cents. The company posted a loss of 61 cents in the year-ago quarter.
SiteOne Landscape Supply generated sales of around $940 million in the quarter under review, up 0.1% from $939 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $985 million.
Hudson Technologies, Inc. HDSN registered first-quarter 2026 adjusted earnings per share of 1 cent, missing the Zacks Consensus Estimate of 5 cents. The company posted earnings of 6 cents in the year-ago quarter.
Hudson Technologies generated sales of around $60 million in the quarter under review, up 9.1% from $55 million in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $57 million.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MSC Industrial Direct Company, Inc. (MSM): Free Stock Analysis Report
Hudson Technologies, Inc. (HDSN): Free Stock Analysis Report
SiteOne Landscape Supply, Inc. (SITE): Free Stock Analysis Report
ClearSign Technologies Corporation (CLIR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).