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Companies / Healthcare / ClearSign Technologies Corp
CLIR

ClearSign Technologies Corp

HealthcareMedical Instruments
Ticker CLIRTULSA, OKFiscal year ends DecemberBook value per share $1.70Diluted shares 5.8M

ClearSign Technologies Corporation (Nasdaq: CLIR) designs and develops proprietary combustion technologies focused on decarbonization and improving performance characteristics of industrial and commercial combustion systems. The company's primary offering, ClearSign Core technology, uses porous ceramic structures or… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.23M
+45.6% year over year
Last 12 mo $5.45M
-127.46%
+53 percentage points
Last 12 mo -116.55%
$-5.50M
−3.7% year over year
Last 12 mo $-5.24M
-57.67%
−19.2 percentage points
Last 12 mo -53.25%
Cash & financing
$-4.74M
−8.3% year over year
Last 12 mo $-5.70M
$-4.74M
−7.4% year over year
Last 12 mo $-5.70M
—
5.6M
−88.7% year over year
Last 12 mo 5.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ClearSign Technologies Corp does

In the company’s own words

ClearSign Technologies Corporation (Nasdaq: CLIR) designs and develops proprietary combustion technologies focused on decarbonization and improving performance characteristics of industrial and commercial combustion systems. The company's primary offering, ClearSign Core technology, uses porous ceramic structures or metal flame holder devices to significantly reduce flame length and achieve low emissions without requiring external flue gas recirculation, selective catalytic reduction, or high excess air systems. This technology enables burners to reduce nitrogen oxide emissions to levels as low as five parts per million or below depending on application.

The company operates through several product lines targeting distinct market segments. Its process burner technology serves petroleum refining, petrochemical, and gas processing industries, with fourteen process heaters retrofitted to date at locations including sites owned by global supermajor and Fortune 500 companies. The boiler burner technology addresses institutional, commercial, and industrial boiler applications, with multiple installations meeting California's most stringent emissions regulations. ClearSign's flaring burner technology has been adapted for enclosed flares, with four units currently operating in California. The company also develops sensing products called ClearSign Eye, which detect flame capacitance without physical contact, offering potential applications in combustion equipment and transportation industries through a collaboration with Narion Corporation.

ClearSign has successfully demonstrated a hydrogen-capable process burner through Department of Energy grants totaling approximately 1.9 million dollars, enabling pure hydrogen fuel combustion while maintaining ultra-low nitrogen oxide emissions. The company pursues an asset-light business model, collaborating with strategic partners including Zeeco, one of the world's largest burner manufacturers, and California Boiler for manufacturing and distribution. This approach allows ClearSign to leverage established industry credentials and manufacturing capabilities while minimizing capital requirements.

The company's target markets are primarily concentrated on the West and Gulf Coasts of the United States, driven by increasingly stringent air emission regulations in regions like California and Texas. ClearSign competes against established suppliers including subsidiaries of Honeywell, Koch Industries, and General Electric, differentiating itself through superior emissions control performance and potential operational efficiency gains that provide return on investment opportunities for customers.

Company details
Sector
Healthcare
Industry
Medical Instruments
Headquarters
TULSA, OK
Fiscal year end
December
CIK
1434524
SIC
3823

Financial performance, year by year

Fiscal 2013–2025 · USD
$-12.84M$-7.85M$-2.86M$2.13M$7.11M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ClearSign Technologies Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$0.60M
held by funds, at market
2.2%
of shares held by funds

Largest fund holders · ClearSign Technologies Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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