We're Not Very Worried About ClearSign Technologies' (NASDAQ:CLIR) Cash Burn Rate [Yahoo! Finance]
ClearSign Technologies Corporation (CLIR)
US:NASDAQ Investor Relations:
clearsign.com/investors
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Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. So should ClearSign Technologies NASDAQ:CLIR ) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. View our latest analysis for ClearSign Technologies How Long Is ClearSign Technologies' Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In September 2023, ClearSign Technologies had US$7.2m in cash, and was debt-free. Importantly, its cash burn was US$2.7m
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CLIR
News
- ClearSign Technologies Co. (NASDAQ: CLIR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ClearSign Technologies Corporation Receives Orders for the Engineering of Burners for Two Additional Heaters from a California RefineryPR Newswire
- ClearSign Technologies Corporation Appoints David Maley to Board of Directors [Yahoo! Finance]Yahoo! Finance
- ClearSign Technologies Corporation Appoints David Maley to Board of DirectorsPR Newswire
- ClearSign Technologies Co. (NASDAQ: CLIR) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.MarketBeat
CLIR
Earnings
- 4/1/24 - Beat
CLIR
Analyst Actions
- 4/24/24 - HC Wainwright
CLIR
Sec Filings
- 5/3/24 - Form 8-K
- 4/30/24 - Form PRE
- 4/26/24 - Form 10-K/A
- CLIR's page on the SEC website