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Side-by-side financial comparison of ClearSign Technologies Corp (CLIR) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $3.7M, roughly 1.1× ClearSign Technologies Corp). On growth, ClearSign Technologies Corp posted the faster year-over-year revenue change (522.2% vs -10.2%). Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs 50.3%).

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

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

CLIR vs IRD — Head-to-Head

Bigger by revenue
IRD
IRD
1.1× larger
IRD
$3.9M
$3.7M
CLIR
Growing faster (revenue YoY)
CLIR
CLIR
+532.4% gap
CLIR
522.2%
-10.2%
IRD
Faster 2-yr revenue CAGR
CLIR
CLIR
Annualised
CLIR
82.5%
50.3%
IRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLIR
CLIR
IRD
IRD
Revenue
$3.7M
$3.9M
Net Profit
$-311.0K
Gross Margin
21.9%
Operating Margin
-22.5%
Net Margin
-8.5%
Revenue YoY
522.2%
-10.2%
Net Profit YoY
73.3%
53.0%
EPS (diluted)
$-0.06

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
IRD
IRD
Q4 25
$3.7M
$3.9M
Q3 25
$1.0M
$3.1M
Q2 25
$133.0K
$2.9M
Q1 25
$401.0K
$4.4M
Q4 24
$590.0K
$4.3M
Q3 24
$1.9M
$3.9M
Q2 24
$45.0K
$1.1M
Q1 24
$1.1M
$1.7M
Net Profit
CLIR
CLIR
IRD
IRD
Q4 25
$-311.0K
Q3 25
$-1.4M
$-17.5M
Q2 25
$-1.7M
$-7.4M
Q1 25
$-2.1M
$-8.2M
Q4 24
$-1.2M
Q3 24
$-1.2M
$-7.5M
Q2 24
$-1.9M
$-7.8M
Q1 24
$-1.1M
$-7.1M
Gross Margin
CLIR
CLIR
IRD
IRD
Q4 25
21.9%
Q3 25
35.8%
Q2 25
41.4%
Q1 25
48.9%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
CLIR
CLIR
IRD
IRD
Q4 25
-22.5%
Q3 25
-170.1%
-269.9%
Q2 25
-1382.0%
-309.0%
Q1 25
-562.8%
-227.2%
Q4 24
-282.4%
Q3 24
-77.1%
-207.1%
Q2 24
-4748.9%
-748.9%
Q1 24
-113.6%
-450.5%
Net Margin
CLIR
CLIR
IRD
IRD
Q4 25
-8.5%
Q3 25
-138.9%
-566.9%
Q2 25
-1263.2%
-257.5%
Q1 25
-517.7%
-187.5%
Q4 24
-197.3%
Q3 24
-62.1%
-194.6%
Q2 24
-4160.0%
-698.3%
Q1 24
-100.5%
-415.3%
EPS (diluted)
CLIR
CLIR
IRD
IRD
Q4 25
$-0.06
Q3 25
$-0.26
$-0.25
Q2 25
$-0.30
$-0.12
Q1 25
$-0.37
$-0.24
Q4 24
$-0.18
Q3 24
$-0.20
$-0.29
Q2 24
$-0.40
$-0.30
Q1 24
$-0.30
$-0.29

Balance Sheet & Financial Strength

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

Metric
CLIR
CLIR
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$9.2M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.5M
$15.3M
Total Assets
$12.2M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLIR
CLIR
IRD
IRD
Q4 25
$9.2M
$45.1M
Q3 25
$10.5M
$30.8M
Q2 25
$12.3M
$32.4M
Q1 25
$12.9M
$41.8M
Q4 24
$14.0M
$30.3M
Q3 24
$14.5M
$36.6M
Q2 24
$16.0M
$41.4M
Q1 24
$4.6M
$47.2M
Stockholders' Equity
CLIR
CLIR
IRD
IRD
Q4 25
$9.5M
$15.3M
Q3 25
$9.1M
$6.0M
Q2 25
$10.4M
$17.5M
Q1 25
$12.0M
$5.1M
Q4 24
$13.8M
$6.7M
Q3 24
$14.8M
$34.3M
Q2 24
$15.9M
$40.6M
Q1 24
$4.5M
$46.1M
Total Assets
CLIR
CLIR
IRD
IRD
Q4 25
$12.2M
$50.2M
Q3 25
$12.7M
$36.1M
Q2 25
$14.2M
$38.7M
Q1 25
$14.5M
$48.2M
Q4 24
$16.3M
$36.9M
Q3 24
$17.1M
$40.4M
Q2 24
$17.8M
$44.8M
Q1 24
$6.6M
$51.8M

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
IRD
IRD
Operating Cash FlowLast quarter
$-1.3M
$-35.3M
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
IRD
IRD
Q4 25
$-1.3M
$-35.3M
Q3 25
$-1.8M
$-6.2M
Q2 25
$-511.0K
$-10.3M
Q1 25
$-1.1M
$-9.0M
Q4 24
$-415.0K
$-25.6M
Q3 24
$-1.4M
$-5.1M
Q2 24
$-1.5M
$-7.3M
Q1 24
$-1.0M
$-5.7M
Free Cash Flow
CLIR
CLIR
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CLIR
CLIR
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CLIR
CLIR
IRD
IRD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24

Financial Flow Comparison

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

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