ClearSign Technologies Corporation (NASDAQ:CLIR) Q1 2022 Earnings Conference Call June 2, 2022 5:00 PM ET
Company Participants
Matthew Selinger - Firm IR Group
Jim Deller - President and CEO
Brent Hinds - VP of Finance and Controller
Conference Call Participants
Robert Kecseg - Las Colinas Capital Management
Operator
Good day, and welcome to the ClearSign Technologies First Quarter 2022 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Matthew Selinger of Firm IR Group. Please go ahead sir.
Matthew Selinger
Good afternoon, and thank you, operator. Welcome, everyone, to the ClearSign Technologies Corporation first quarter 2022 results conference call. During this conference call, the company will make forward-looking statements. Any statement that is not a statement of historical fact is a forward-looking statement. This includes remarks about the company's projections, expectations, plans, beliefs and prospects. These statements are based on judgments and analysis as of the date of this conference call and are subject to numerous important risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties associated with the forward-looking statements made in this conference call include, but are not limited to, whether field testing and sales of ClearSign's products will be successfully completed, whether ClearSign will be successful in expanding the market for its products and other risks that are described in ClearSign's public periodic filings with the SEC, including the discussion in the Risk Factors section of the 2020 annual report on Form 10-K. Except as required by law, ClearSign assumes no responsibility to update these forward-looking statements to reflect future events or actual outcomes and is not intended to do so.
On the call with me today are Jim Deller, ClearSign's President and Chief Executive Officer; and Brent Hinds, ClearSign's Vice President of Finance and Controller.
So at this point, I would like to turn the call over to VP of Finance, Brent Hinds. Please go ahead, Brent.
Brent Hinds
Thank you, Matthew. And thank you for everyone joining us here today. Before I begin, I'd like to note that our financial results, our quarterly form and 10-Q were filed with the SEC on May 16. With that, I'd like to give an overview of the financials for the first quarter of 2022.
The company recognized no revenues during the three months ended March 31, 2022 compared to revenues of $363,000 for the three months ended March 31, 2021. Our net cash used in operations for the quarter ended March 31, 2021 was approximately $1.5 million, which is essentially the same for the prior period March 31, 2021.