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 ) Q1 2023 Earnings Conference Call May 9, 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 Dana Telsey - Telsey Advisory Group Joshua Reilly - Needham & Company David Engel - Wells Fargo Paul Chung - JPMorgan Ananda Baruah - Loop Capital Operator Good morning and welcome to Clear's Fiscal First 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) Q1 2023 Earnings Call Transcript

Clear Secure (YOU) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.03 per share a year ago.

Clear Secure (YOU) Beats Q1 Earnings and Revenue Estimates

NEW YORK , May 9, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that a special committee of CLEAR's Board of Directors has approved and declared a special cash dividend in the amount of $0.20 per share, payable on May 25, 2023, to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on May 18, 2023. The Company is funding the payment of the special cash dividend from its pro rata share of tax distributions made by its subsidiary, Alclear Holdings, LLC.

CLEAR Announces $0.20 Special Cash Dividend

NEW YORK , May 9, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) has posted a shareholder letter containing its 2023 first 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 First Quarter 2023 Earnings

The mean of analysts' price targets for Clear Secure (YOU) points to a 35.8% 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.

How Much Upside is Left in Clear Secure (YOU)? Wall Street Analysts Think 35.84%

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) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

NEW YORK , April 25, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) today announced that it will report financial results for the first quarter ending March 31, 2023 at approximately 6:30 a.m. ET on Tuesday, May 9, 2023.

CLEAR TO ANNOUNCE FIRST QUARTER 2023 FINANCIAL RESULTS ON MAY 9, 2023

The mean of analysts' price targets for Clear Secure (YOU) points to a 34.8% 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.

Can Clear Secure (YOU) Climb 34.81% to Reach the Level Wall Street Analysts Expect?

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Clear Secure provides retinal scanning terminals at airports and other venues, which allow travelers to spend much less time going through security. Clear Secure's business took a hit during the pandemic, but the company has come back in force and is growing revenues well.

Clear Secure: Hardware/Software Biometric Play With Revenue Momentum

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Clear Secure, Inc. (NYSE:YOU ) Q4 2022 Earnings Conference Call March 1, 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 Dana Telsey - Telsey Advisory Group Joshua Reilly - Needham & Company Paul Chung - JPMorgan David Engel - Wells Fargo Ananda Baruah - Loop Capital Operator Good morning and welcome to CLEAR's Fiscal Fourth Quarter and Full Year 2022 Conference Call. We have with us today Ms.

Clear Secure, Inc. (YOU) Q4 2022 Earnings Call Transcript

NEW YORK , March 1, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) has posted a shareholder letter containing its 2022 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 2022 Earnings

KANSAS CITY, Mo. , Feb. 27, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced it is launching its identity verification technology at Kansas City International Airport (MCI) on Tuesday, February 28, bringing frictionless and predictable travel experiences to Kansas City.

CLEAR Launches New Lanes at Kansas City International Airport

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) today announced that it will report financial results for the fourth quarter and full year ending December 31, 2022 at approximately 6:30 a.m. ET on Wednesday, March 1, 2023.

CLEAR to Announce Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023

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Expedited Identity Verification Service Now Available at 50 Airports MORRISVILLE, N.C., Jan. 25, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced launching its identity verification technology at Raleigh-Durham International Airport (RDU), bringing frictionless and predictable travel experiences to its 50th airport.

CLEAR Launches New Lanes at Raleigh-Durham International Airport

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LONG BEACH, Calif. , Jan. 24, 2023 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced launching its identity verification technology at Long Beach Airport (LGB), its 9th airport in California and 49th airport nationally.

CLEAR Launches New Lanes at Long Beach Airport

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Clear Secure is capturing strong demand for its identity verification platform as a service to save time at security checkpoints. Partnerships with airports, airlines and even the Transportation Security Administration highlight competitive advantages to drive growth.

Clear Secure: Talk About A Bullish Economic Moat

OKLAHOMA CITY , Dec. 19, 2022 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced launching its identity verification technology at Will Rogers World Airport (OKC), bringing frictionless and predictable travel experiences to Oklahoma City. "With thousands of people expected to travel through OKC during the holidays, we're especially excited to offer this new service to our passengers to help make the airport experience more predictable and less stressful," said Oklahoma City Director of Airports Jeff Mulder.

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NEW YORK , Dec. 14, 2022 /PRNewswire/ -- The Las Vegas Raiders and Allegiant Stadium have named CLEAR (NYSE: YOU) an Official Fan Experience and the Official Secure Identity Partner. These designations reflect a new innovation partnership between CLEAR, the Las Vegas Raiders and Allegiant Stadium.

CLEAR Named an Official Fan Experience & the Secure Identity Partner of the Las Vegas Raiders and Allegiant Stadium

BOISE, Idaho , Nov. 15, 2022 /PRNewswire/ -- In advance of the busy holiday travel season, CLEAR (NYSE: YOU) today announced launching its secure identity technology at Boise Airport (BOI). CLEAR's launch at BOI is expected to create 23 jobs and generate approximately $1.4 million in local economic activity every year.

Ahead of Busy Holiday Travel Season, CLEAR Launches Expedited Identity Verification Lanes at Boise Airport

CLEAR to make donation for Hurricane Fiona relief on behalf of every member enrollment, verification made at SJU during November CAROLINA, Puerto Rico , Nov. 14, 2022 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced the launch of its secure identity technology at Luis Muñoz Marín International Airport (SJU), which is operated by Aerostar Airport Holdings. SJU is the first airport outside the continental United States to feature CLEAR's signature expedited identity verification lanes.

CLEAR Partners with Aerostar Airport Holdings to Launch Expedited Identity Verification Lanes at Luis Muñoz Marín International Airport inPuerto Rico, First Airport Outside Continental U.S.

News for Clear Secure Stock (YOU)