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, Inc. (NYSE:YOU ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Caryn Seidman-Becker - Co-Founder, Chairman & Chief Executive Officer Ken Cornick - Co-Founder, President & Chief Financial Officer Conference Call Participants Sarang Vora - Telsey Joshua Reilly - Needham Ben Miller - Goldman Sachs Cory Carpenter - JPMorgan Mark Kelley - Stifel David Unger - Wells Fargo Operator Good morning and welcome to Clear's Fiscal Third Quarter 2023 Conference Call. We have with us today Caryn Seidman-Becker, Co-Founder, Chairman and Chief Executive Officer; and Ken Cornick, Co-Founder, President and Chief Financial Officer.

Clear Secure, Inc. (YOU) Q3 2023 Earnings Call Transcript

NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a quarterly dividend of $0.09 per share, up from $0.07 last quarter, and a special cash dividend of $0.55 per share, each payable on November 22, 2023 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on November 16, 2023. The Company will fund the payment of the dividends from proportionate cash distributions by its subsidiary.

CLEAR Announces Increased Quarterly Dividend, Special Dividend and an Increase to its Share Repurchase Authorization

NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has posted a shareholder letter containing its 2023 third quarter 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 Third Quarter 2023 Earnings

Clear Secure (YOU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Clear Secure (YOU) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the third quarter ending September 30, 2023 at approximately 6:30 a.m. ET on Wednesday, November 8, 2023.

CLEAR To Announce Third Quarter 2023 Financial Results On November 8, 2023

One-touch KYC solution brings together a seamless onboarding experience and CLEAR's embedded 17 million person user base CLEAR's new, reusable KYC solution will help financial services companies successfully convert prospects into customers – combatting traditional over 40 percent drop off at onboarding due to friction  NEW YORK , Oct. 4, 2023 /PRNewswire/ -- Today, CLEAR (NYSE: YOU), the secure identity company, announced its first product in financial services – continuing its push into new industries – with one of the only reusable Know Your Customer (KYC) solutions. CLEAR' s one-click KYC solution sets itself apart by delivering a frictionless consumer experience aimed at helping financial services companies combat the traditional drop off in signups when customers are required to complete cumbersome KYC checks.

CLEAR Expands Into Financial Services, Launches Its First Reusable KYC Solution with Fast, Frictionless Consumer Experience

CLEAR verification is now available to LinkedIn users across the U.S., Canada & Mexico NEW YORK , Sept. 26, 2023 /PRNewswire/ -- LinkedIn , the world's largest professional network, and CLEAR (NYSE: YOU), the secure identity company, today announced they are again expanding digital safety and trust by empowering LinkedIn members in Mexico to verify their identity with CLEAR for free.

LinkedIn and CLEAR Continue to Expand Digital Safety and Launch Free Identity Verification to Mexico's LinkedIn Users

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BUFFALO, N.Y. , Sept. 21, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced it is launching its identity verification technology at Buffalo Niagara International Airport's (BUF) Main Terminal, bringing frictionless and predictable travel experiences to Upstate New York.

CLEAR and Buffalo Niagara International Airport Announce New Lanes at Buffalo Niagara International Airport

Passengers around the globe increasingly using free tool that saves them time at airport security & provides a more predictable and seamless travel experience NEW YORK , Aug. 29, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, announced today that its free virtual queuing service, RESERVE powered by  CLEAR , has surpassed 5 million reservations, helping passengers save time at airport security across the U.S., Canada, and Europe by empowering them to schedule a dedicated time slot in the airport security line for their party. Demand for RESERVE powered by CLEAR has increased 179% among passengers over the last six months, and surveyed travelers report that using RESERVE lanes saves them up to 30 minutes per use.

RESERVE powered by CLEAR Hits Major Milestone of 5 Million Reservations

Halifax Airport is 6th location in Canada to offer travelers the ability to schedule their place in the airport security line for a better travel experience Travelers can now use the free virtual queuing program at 19 airports across North America and Europe NEW YORK , Aug. 23, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced the launch of its free virtual queuing service, RESERVE powered by  CLEAR , at Halifax Stanfield International Airport (YHZ), marking the 6th Canadian airport to offer RESERVE. The program at YHZ, called YHZ Express powered by CLEAR, will help passengers traveling from the domestic/international terminal save time at airport security by empowering them to schedule a dedicated time slot in the airport security line for their party.

CLEAR Launches Free RESERVE powered by CLEAR Lane at Halifax Stanfield International Airport

Today's expansion marks the first international launch of CLEAR Verified NEW YORK , Aug. 17, 2023 /PRNewswire/ -- LinkedIn , the world's largest professional network, and  CLEAR (NYSE: YOU), the secure identity company, announced today they are expanding digital safety and trust by empowering LinkedIn members in Canada to verify their identity with CLEAR for free. From the LinkedIn app, a member can affirm their identity with the CLEAR Verified (formerly known as Powered by CLEAR) platform, and add a visible indicator to their LinkedIn profile showing the member's identity has been verified by CLEAR.

LinkedIn and CLEAR Continue to Enhance Digital Safety, Expand Free Identity Verification to Canada's LinkedIn Users

Clear Secure, Inc. (NYSE:YOU ) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Caryn Seidman-Becker – Co-Founder, Chairman and Chief Executive Officer Ken Cornick – Co-Founder, President and Chief Financial Officer Conference Call Participants Josh Reilly – Needham Dana Telsey – Telsey Group Scott Devitt – Wedbush Mark Kelley – Stifel Ananda Baruah – Loop Capital Operator Good morning and welcome to Clear's Fiscal Second Quarter 2023 Conference Call. We have with us today, Caryn Seidman-Becker, Co-Founder, Chairman and Chief Executive Officer; and Ken Cornick, Co-Founder, President and Chief Financial Officer.

Clear Secure, Inc. (YOU) Q2 2023 Earnings Call Transcript

Clear Secure (YOU) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to break-even earnings per share a year ago.

Clear Secure (YOU) Q2 Earnings and Revenues Surpass Estimates

NEW YORK , Aug. 2, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") has approved a regular quarterly cash dividend policy. The Company intends to pay dividends quarterly to holders of Class A Common Stock and Class B Common Stock, subject to Board approval each quarter, with the first quarterly dividend of $0.07 to be paid on August 18, 2023, to holders of record on August 11, 2023.

CLEAR Announces Quarterly Dividend Policy

NEW YORK , Aug. 2, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) has posted a shareholder letter containing its 2023 second quarter 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 Second Quarter 2023 Earnings

NEW YORK , July 28, 2023 /PRNewswire/ -- Today, Bloomberg published a story that inaccurately characterizes CLEAR's robust security and our work with the TSA in keeping airports safe. Despite engaging with the reporters for nearly two weeks and providing them on-the-record responses and factual information that directly contradicts their reporting, they chose to largely ignore key facts and specific details regarding how our system works.

CLEAR Responds to Recent Press Articles

TULSA, Okla. , July 27, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced it is launching its identity verification technology at Tulsa International Airport (TUL)'s Main Terminal, bringing frictionless and predictable travel experiences to Tulsa.

CLEAR and Tulsa International Airport Announce New Lanes at Tulsa International Airport

NEW YORK , July 21, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) today announced that it will report financial results for the second quarter ending June 30, 2023 at approximately 6:30 a.m. ET on Wednesday, August 2, 2023.

CLEAR To Announce Second Quarter 2023 Financial Results On August 2, 2023

DENVER , July 11, 2023 /PRNewswire/ -- Amid the busy summer travel season of 2023, Denver International Airport (DEN) has partnered with CLEAR (NYSE: YOU), the secure identity company, and Copenhagen Optimization to extend the popular  DEN Reserve powered by CLEAR program to continue helping passengers save time at airport security. DEN Reserve is a free service that allows all passengers to reserve a dedicated time slot through DEN's Bridge TSA Security Checkpoint for their party – giving them a more predictable and seamless travel experience.

CLEAR and Denver International Airport Extend DEN Reserve to Help Passengers Save Time at Airport Security

Mileage Plan members now receive preferential pricing on a CLEAR Plus membership and bonus miles NEW YORK , June 21, 2023 /PRNewswire/ -- Alaska Airlines and CLEAR (NYSE: YOU), the secure identity company, today announced a new strategic collaboration to make travel easier and more predictable for Alaska Airlines' Mileage Plan members. Through the new partnership, Mileage Plan members will receive preferential pricing on an annual CLEAR Plus membership, allowing them to move faster through security at 52 airports nationwide by verifying their identity with their eyes or fingerprint and replacing the need to take out their wallet and driver's license.

Alaska Airlines and CLEAR Announce Innovative Partnership to Make Travel Easier and More Secure for Mileage Plan Members

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NEW YORK , June 15, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, announced today that Shawn Henry, Chief Security Officer of CrowdStrike (NASDAQ: CRWD), has been elected to CLEAR's Board of Directors. "Security is our top priority at CLEAR, and it has been fundamental to our business since we launched in 2010," said Caryn Seidman Becker, CEO and Chairman of CLEAR.

CrowdStrike Chief Security Officer Shawn Henry Elected to CLEAR's Board of Directors

Clear Secure, Inc. published its Q1 2023 financial results on May 9, 2023. The firm provides a range of identify verification services to venues and online. Clear Secure has produced strong growth and operating losses have diminished.

Clear Secure May Have Upside In Second Half 2023

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The mean of analysts' price targets for Clear Secure (YOU) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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