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Side-by-side financial comparison of ClearSign Technologies Corp (CLIR) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $3.7M, roughly 1.7× ClearSign Technologies Corp). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 522.2%). Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs 54.7%).

ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

CLIR vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.7× larger
IPM
$6.1M
$3.7M
CLIR
Growing faster (revenue YoY)
IPM
IPM
+1569.4% gap
IPM
2091.6%
522.2%
CLIR
Faster 2-yr revenue CAGR
CLIR
CLIR
Annualised
CLIR
82.5%
54.7%
IPM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLIR
CLIR
IPM
IPM
Revenue
$3.7M
$6.1M
Net Profit
$-311.0K
Gross Margin
21.9%
53.1%
Operating Margin
-22.5%
-13.4%
Net Margin
-8.5%
Revenue YoY
522.2%
2091.6%
Net Profit YoY
73.3%
EPS (diluted)
$-0.06
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLIR
CLIR
IPM
IPM
Q4 25
$3.7M
$6.1M
Q3 25
$1.0M
$6.2M
Q2 25
$133.0K
$5.7M
Q1 25
$401.0K
$5.5M
Q4 24
$590.0K
Q3 24
$1.9M
Q2 24
$45.0K
Q1 24
$1.1M
Net Profit
CLIR
CLIR
IPM
IPM
Q4 25
$-311.0K
Q3 25
$-1.4M
$-1.1M
Q2 25
$-1.7M
$-1.1M
Q1 25
$-2.1M
$808.5K
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$-1.9M
Q1 24
$-1.1M
Gross Margin
CLIR
CLIR
IPM
IPM
Q4 25
21.9%
53.1%
Q3 25
35.8%
50.7%
Q2 25
41.4%
50.1%
Q1 25
48.9%
55.3%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
CLIR
CLIR
IPM
IPM
Q4 25
-22.5%
-13.4%
Q3 25
-170.1%
-23.0%
Q2 25
-1382.0%
-19.7%
Q1 25
-562.8%
-24.2%
Q4 24
-282.4%
Q3 24
-77.1%
Q2 24
-4748.9%
Q1 24
-113.6%
Net Margin
CLIR
CLIR
IPM
IPM
Q4 25
-8.5%
Q3 25
-138.9%
-17.4%
Q2 25
-1263.2%
-18.3%
Q1 25
-517.7%
14.7%
Q4 24
-197.3%
Q3 24
-62.1%
Q2 24
-4160.0%
Q1 24
-100.5%
EPS (diluted)
CLIR
CLIR
IPM
IPM
Q4 25
$-0.06
$-0.05
Q3 25
$-0.26
$-0.08
Q2 25
$-0.30
$-0.08
Q1 25
$-0.37
$0.06
Q4 24
$-0.18
Q3 24
$-0.20
Q2 24
$-0.40
Q1 24
$-0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLIR
CLIR
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$9.2M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.5M
$18.2M
Total Assets
$12.2M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLIR
CLIR
IPM
IPM
Q4 25
$9.2M
$5.6M
Q3 25
$10.5M
$7.3M
Q2 25
$12.3M
$7.3M
Q1 25
$12.9M
$9.7M
Q4 24
$14.0M
Q3 24
$14.5M
Q2 24
$16.0M
Q1 24
$4.6M
Stockholders' Equity
CLIR
CLIR
IPM
IPM
Q4 25
$9.5M
$18.2M
Q3 25
$9.1M
$18.8M
Q2 25
$10.4M
$19.9M
Q1 25
$12.0M
$21.1M
Q4 24
$13.8M
Q3 24
$14.8M
Q2 24
$15.9M
Q1 24
$4.5M
Total Assets
CLIR
CLIR
IPM
IPM
Q4 25
$12.2M
$26.0M
Q3 25
$12.7M
$27.2M
Q2 25
$14.2M
$29.8M
Q1 25
$14.5M
$31.1M
Q4 24
$16.3M
Q3 24
$17.1M
Q2 24
$17.8M
Q1 24
$6.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLIR
CLIR
IPM
IPM
Operating Cash FlowLast quarter
$-1.3M
$87.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLIR
CLIR
IPM
IPM
Q4 25
$-1.3M
$87.6K
Q3 25
$-1.8M
$133.0K
Q2 25
$-511.0K
$-888.7K
Q1 25
$-1.1M
$1.7M
Q4 24
$-415.0K
Q3 24
$-1.4M
Q2 24
$-1.5M
Q1 24
$-1.0M
Free Cash Flow
CLIR
CLIR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CLIR
CLIR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CLIR
CLIR
IPM
IPM
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CLIR
CLIR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLIR
CLIR

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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