Clear Secure

Clear Secure, Inc. provides a technology platform, which enables frictionless and safe journeys using biometric identity. Its identity platform connects passengers to the cards in their wallet transforming the way passengers live, work, and travel, and also focuses on providing verification in several areas, such as events, healthcare, and sporting stadiums. The firm offers secured biometric identity verification to its customers from different industries through its CLEAR brand. The company was founded by Caryn Seidman-Becker and Kenneth Cornick in 2010 and is headquartered in New York, NY.

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Clear Secure reports strong Q4 growth and eyes healthcare expansion

Clear Secure's Q4 performance reflects robust growth, exceeding revenue expectations and showcasing improved unit economics.
Strategic partnerships in healthcare and travel sectors, along with strong financials, position the company for future success.
While facing challenges in Q1 bookings and traffic trends, Clear Secure aims to capitalize on opportunities for growth and profitability.

Clear Secure (YOU) reports robust Q1 earnings, eyes growth opportunities

Clear Secure (YOU) delivered strong Q1 results with revenue and bookings growth, improved operating leverage, and increased free cash flow. Strategic partnerships and retention strategies are driving membership growth and expanding the TAM. The company faces challenges in managing new airport expansions and balancing growth with service quality, but opportunities lie in the increasing travel demand and upcoming TSA PreCheck launch.

Clear Secure reports robust Q2 earnings and unveils growth strategies

Clear Secure (YOU) demonstrated strong financial performance in Q2 2023 with revenue growth and increased margins.
The company is strategically rebranding and introducing new KPIs to drive growth and enhance shareholder value.
Despite challenges like inaccurate media reporting, Clear Secure is well-positioned for future growth and profitability.

Clear Secure reports strong Q3 growth and eyes financial services

Clear Secure's Q3 performance reflects robust growth, driven by revenue and booking increases, strong margins, and strategic acquisitions.
The company's focus on innovation, expansion, and efficiency highlights its commitment to long-term success and market leadership.
While challenges exist in integration and meeting targets, Clear Secure's strategic positioning and opportunities in digital identity and airport security bode well for future growth.

CLEAR surpasses 20M members, eyes strong growth and innovation

CLEAR's Q4 performance reflects strong growth metrics and a focus on enhancing customer experience through innovative identity verification solutions.
While facing short-term cost challenges, CLEAR's strategic initiatives and financial projections for 2024 signal a promising outlook for sustained growth and profitability.
By leveraging its loyal customer base, technological advancements, and market opportunities, CLEAR is well-positioned to capitalize on the evolving landscape and drive future success.

Clear Secure (YOU) reports robust Q1 earnings and eyes growth opportunities

Clear Secure (YOU) delivered impressive financial results in Q1 2024, with significant revenue growth and strong profitability. The company's focus on member experience, TSA PreCheck, and Clear Verified has yielded positive outcomes. Clear faces challenges in maintaining growth and member retention but has opportunities for further expansion and revenue growth.

Clear Secure reports robust Q2 earnings, eyes 50 million members

Clear Secure delivered strong financial results in Q2 2024, with notable increases in revenue, EBITDA, and free cash flow.
The company's growth in members, introduction of new technologies, and strategic initiatives position it well for future expansion.
While facing challenges in maintaining growth and navigating competition, Clear Secure has opportunities to drive innovation and revenue growth.

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Clear Secure, Inc. is an identity company, which engages in developing biometric identity verification technology platforms. Its identity platform connects passengers to the cards in their wallet transforming the way passengers live, work, and travel, and focuses on providing verification in several areas, such as events, healthcare, and sporting stadiums. It offers secured biometric identity verification to its customers from different industries through its CLEAR brand. The company was founded by Caryn Seidman-Becker and Kenneth Cornick in 2010 and is headquartered in New York, NY.

Clear Secure (YOU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Clear Secure (YOU) Could Beat Earnings Estimates Again

NEW YORK , April 24, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the first quarter ending March 31, 2024 at approximately 6:00 a.m. ET on Wednesday, Mary 8, 2024.

CLEAR To Announce First Quarter 2024 Financial Results On May 8, 2024

NEW YORK , April 8, 2024 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, is extending its partnership with American Express as the companies recommit to delivering premium value to Members and enhancing the airport experience. Amid ongoing high demand for air travel, this partnership allows eligible American Express Card Members who enroll in CLEAR and pay using their American Express credit cards to receive up to $189 in annual statement credits for their membership purchases.

CLEAR AND AMERICAN EXPRESS RENEW PARTNERSHIP TO PROVIDE PREMIUM TRAVEL EXPERIENCES AT AIRPORTS TO CARD MEMBERS

Clear Secure has reached an inflection point in their business as they are now profitable on a GAAP basis, yet still growing quickly. The company benefits from prudent management who have demonstrated a commitment to return capital to shareholders. YOU is trading at a modest valuation and appears undervalued - even when compared to software companies in the travel industry.

Clear Secure: Strong Growth And Prudent Financial Management

This expansion is expected to create 15 additional jobs for a total of 87 jobs at the airport, increasing CLEAR's annual economic impact in the Boston area to approximately $5.3 million BOSTON , April 3, 2024 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced that its secure identity technology is now available in Terminal E at Boston Logan International Airport's (BOS). With this expansion, CLEAR's expedited security lanes are now available at Terminals A, B and E.

CLEAR Expands Impact at Boston Logan Airport Bringing Expedited Identity Verification Lanes to Terminal E

Clear Secure's identity verification platform simplifies members' experiences at airports and other places. The company's 33% free-cash-flow margin seemingly lets investors have their cake and eat it, too.

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NEW YORK , March 21, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") authorized a $100 million increase to its existing Class A Common Stock share repurchase program. During the first quarter of 2024, the Company used $84.9 million to repurchase and retire 4.4 million shares of Class A Common Stock at an average price of $19.22.

CLEAR Announces an Increase to its Share Repurchase Authorization

NEW YORK , March 21, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced the declaration of a special cash dividend in the amount of $0.32 per share payable on April 8, 2024 to holders of record of the Class A Common Stock and Class B Common Stock as of the close of business on April 1, 2024. The Company is funding the payment of the special cash dividend with cash received from pro rata cash distributions made by Alclear Holdings, LLC to all of its members, including the Company.

CLEAR Announces $0.32 Special Cash Dividend

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Clear Secure, Inc. (YOU) Q4 2023 Earnings Call Transcript

Clear Secure (YOU) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.14 per share a year ago.

Clear Secure (YOU) Surpasses Q4 Earnings and Revenue Estimates

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has posted a shareholder letter containing its 2023 fourth quarter and full-year financial results on its Investor Relations website at https://ir.clearme.com . CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today.

CLEAR Announces Fourth Quarter and Full Year 2023 Earnings

NEW YORK , Feb. 15, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.09 per share, payable on March 5, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on February 26, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary.

CLEAR Announces $0.09 Regular Quarterly Cash Dividend

NEW YORK , Feb. 14, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the fourth quarter and full year ending December 31, 2023 at approximately 6:00 a.m. ET on Wednesday, February 28, 2024.

CLEAR to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

Clear Secure: Stronger Travel Demand And Softer Dilution To Provide Momentum

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How Clear Secure Is Building Its Business

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PITTSBURGH , Dec. 18, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced it is launching its identity verification technology at Pittsburgh International Airport (PIT), bringing frictionless and predictable travel experiences to Pennsylvania. CLEAR's launch at PIT is expected to create 28 jobs and generate approximately $1.8 million annually in local economic impact.

CLEAR Launches New Lanes at Pittsburgh International Airport

Partnership puts consumers in control of their health information by aggregating and making health records available from across the New York health care community at www.MyHealthRecordNY.com NEW YORK , Dec. 13, 2023 /PRNewswire/ -- Healthix , one of the largest public Health Information Exchanges (HIE) in the nation which serves the greater southern New York region, and CLEAR (NYSE: YOU), the secure identity company, today announced they have launched Individual Access Services to empower consumers with free, easy and secure access to their healthcare data from more than 8,000 health facilities across New York State in a single portal. Healthix has also engaged its New York State HIE colleague, Hixny, to provide the patient portal technology which embeds CLEAR's identity verification technology to seamlessly verify a consumer's identity and provide them with secure and easy access to their health information.

Healthix and CLEAR Announce Partnership to Empower New Yorkers with Free, Easy and Secure Access to their Healthcare Data

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WARWICK, R.I. , Nov. 14, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced it is launching its identity verification technology at Rhode Island T.F.

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