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ClearSign Combustion Q1 loss widens 59.4% YOY

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ClearSign Combustion Q1 loss widens 59.4% YOY

ClearSign Combustion Corp. said its normalized net income for the first quarter was a loss of 12 cents per share, compared with a loss of 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.6 million, compared with a loss of $989,380 in the prior-year period.

Reported net income came to a loss of $2.6 million, or a loss of 20 cents per share, compared to a loss of $1.6 million, or a loss of 14 cents per share, in the prior-year period.