The airport security company's shares have seen an increase of 11.27% over the last month, surpassing the Industrial Products sector's gain of 6.64% and the S&P 500's gain of 4.43%. Investors should also note any recent changes to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. The ...

Clear Secure (YOU) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Earnings Estimate Revisions For the current quarter, Clear Secure is expected to post earnings of $0.26 per share, indicating a change of +73.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. Having a strong externally audited track record, our pro ...

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Security and Safety Services industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 37% of all industries, numbering over 250. The Zacks Industry Ra ...

Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.26, marking a 73.33% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $183.79 million, up 22.63% from the year-ago period. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks ...

CLEAR Secure, Inc. (NYSE:YOU) Q1 2024 Earnings Conference Call May 8, 2024 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 Joshua Reilly – Needham Dana Telsey - Telsey Advisory Group Mark Kelley – Stifel Michael Turrin - Wells Fargo Operator Good morning and welcome to CLEAR's Fiscal First Quarter 2024 Conference Call. We have with us today, Caryn Seidman-Becker Co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40568 CLEAR SECURE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

CLEAR® Shareholder Letter Q1 2024 Total Cumulative Enrollments Shareholder Letter Q1 2024 First Quarter 2024 Financial Highlight (all figures are for First Quarter 2024 and percentage change is expressed as year-over-year, unless otherwise specified) "In the first quarter we executed on our three key priorities-improving the Member experience, scaling TSA PreCheck®, and scaling CLEAR Verified. Our financial results demonstrate our continued focus on profitable growth-with significant incremental margins and ...

Financial Data and Key Metrics Changes - In Q4 2023, revenue grew by 33% year-over-year, with full-year revenue growth of 40% [11][4] - Operating margins expanded by over 1300 basis points, with free cash flow of $90.4 million, up 27% year-over-year [11][4] - For the full year, operating cash flow was $225 million and free cash flow was $200 million, up 46% [11] Business Line Data and Key Metrics Changes - Active CLEAR Plus members increased to 6.7 million, a 23% rise [12] - Annualized CLEAR Plus member usage was 8.1 times, down 0.5% year-over-year, attributed to a mix shift as non-airline partner channels expanded [13] Market Data and Key Metrics Changes - Business verification mix increased by 300 basis points year-over-year, indicating a rebound in business travel [38] - The company expects Q1 2024 revenue to be between $172 million and $174 million, representing a 31% year-over-year growth [22] Company Strategy and Development Direction - The company is focused on enhancing member experience, bookings growth, margin expansion, and free cash flow [10] - The launch of NextGen Identity+ aims to operationalize a standardized digital identity, enhancing the travel experience [5][9] - The company plans to expand TSA PreCheck enrollment across more airports, enhancing accessibility for travelers [41] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on travel demand, citing record volumes at airports and a strong rebound in business travel [38] - The company anticipates continued growth in bookings and free cash flow, with a long-term CAGR of 29% [22] Other Important Information - The company incurred a cash severance expense of $2.9 million in Q4 related to streamlining actions [14] - A reversal of $9.6 million in previously expensed stock compensation positively impacted Q4 results [17] Q&A Session Summary Question: Can you discuss the nuances of net member retention and the impact of travel trends? - Management highlighted that dollar retention was up mid-single-digits year-over-year to around 90%, while net member retention is expected to normalize in the upper 80s over the next few quarters due to pricing and mix effects [29][27] Question: How do you see the changing competitive landscape with airlines and TSA? - Management believes that biometrics will become mainstream and is focused on delivering a frictionless experience, emphasizing that biometrics are a feature rather than the product [30][31] Question: What are you seeing with travel demand this year? - Management is optimistic about travel demand, noting record volumes at airports and a strong rebound in business travel, with expectations that travel will remain a bright spot in consumer spending [38] Question: Can you provide insights on TSA PreCheck enrollment rollout? - The company plans to add a few airports over the coming weeks and roll out to the rest of the country throughout the year, pending TSA approval [40] Question: What are the expectations for ARPU pricing increases over the next couple of years? - Management indicated that while average members pay less than $10 per month, there are opportunities for pricing increases as the company continues to deliver value [60][61]

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40568 CLEAR SECURE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...

Q4 2023 Shareholder Letter Q4 2023 Fourth Quarter 2023 Financial Highlights (all figures are for Fourth Quarter 2023 and percentage change is expressed as year-over-year, unless otherwise specified) "The fourth quarter capped a year of solid growth, margin expansion and Free Cash Flow generation. As we look towards 2024, we are confident in our ability to sustain strong revenue growth, expand margins and grow Free Cash Flow while continuing to allocate capital for the benefit of shareholders," said Caryn Se ...