NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), the secure identity platform, is extending its partnership with American Express for its second one year renewal term. CLEAR and American Express entered into the partnership in 2019, which provides eligible American Express Card Members who enroll in CLEAR, and pay using their qualifying American Express credit cards, up to $199 in annual statement credits for their CLEAR Plus Membership. CLEAR Plus offers Members a faster, more predictable air ...

Core Insights - CLEAR continues to expand its TSA PreCheck enrollment locations, opening five new sites across the U.S. [1][2] - The total number of TSA PreCheck enrollment locations operated by CLEAR has reached 58 [2]. - CLEAR aims to enhance consumer convenience by launching additional locations and extending hours of operation throughout 2025 [2]. Company Overview - CLEAR is an official TSA PreCheck enrollment provider, focusing on creating frictionless experiences for its members [8]. - The company has over 30 million members and a growing network of partners, transforming how people travel and interact in various environments [8]. TSA PreCheck Program - TSA PreCheck is a Trusted Traveler program by the Department of Homeland Security, allowing expedited screening for enrolled travelers [7]. - The program has grown to over 20 million active members since its launch in December 2013 [7]. - Members enjoy benefits such as keeping shoes, belts, and light jackets on during security checks, with 99% of members waiting less than 10 minutes at checkpoints [2].

Clear Secure (YOU) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, YOU crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.Over ...

New enrollment locations offer convenient option for consumers to enroll or renew in TSA PreCheckNEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE: YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening new locations at Sawgrass Mills®, The Florida Mall®, The Galleria™, and Lenox Square®. These locations–in Sunrise; Florida; Orlando, Florida; Houston, Texas; and Atlan ...

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After reaching an important support level, Clear Secure (YOU) could be a good stock pick from a technical perspective. YOU surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.YOU could be on the verge of anot ...

Shares of Clear Secure (YOU) have gained 3% over the past four weeks to close the last trading session at $24.17, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.63 indicates a potential upside of 26.7%.The average comprises eight short-term price targets ranging from a low of $23 to a high of $45, with a standard deviation of $8.43. While the lowest estimate indicates a dec ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue grew by 21% and total bookings increased by 17%, driven by member growth, pricing, strong member retention, and improvements in win-back activity [22][24] - The company achieved a 24% full-year adjusted EBITDA margin, up over 1,000 basis points year-over-year [23] - Free cash flow for 2024 was $284 million, a 42% increase year-over-year, with a share count reduction of 9% to 137.7 million shares [31][32] Business Line Data and Key Metrics Changes - TSA PreCheck and CLEAR1 contributed several points to the growth rate, with TSA PreCheck scaling to 91 locations [22][12] - Active CLEAR Plus members grew by 164,000 in the quarter, with total cumulative enrollments ending the year at 30 million, reflecting continued traction [24][22] - The rollout of EnVe's has improved lane experience scores and throughput significantly, with lanes now serving members with 30% fewer pods [8][6] Market Data and Key Metrics Changes - CLEAR Plus currently covers around 73% of airport volume with 166 lanes nationwide [6] - The company is expanding its out-of-airport enrollment network, with locations like the Mall of America and Westfield showing positive cash flow within weeks [84] Company Strategy and Development Direction - The company aims to enhance its secure identity platform and strengthen public-private partnerships, particularly in the travel sector [10][11] - CLEAR is focused on deploying end-to-end automated lanes at no cost to the government, emphasizing the importance of technology in modernizing airport infrastructure [10][66] - The company plans to increase pricing on historically free tiers and focus on gross dollar retention to enhance unit economics [28][86] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the travel industry's recovery, expecting 4 million people per day to pass through U.S. airports by 2030 [81] - The company anticipates strong top-line growth in 2025, with free cash flow guidance of at least $310 million [34][18] - Management highlighted the importance of automation and technology in improving customer experience and operational efficiency [66][62] Other Important Information - The company recognized a one-time noncash net gain of $75 million in the quarter, related to a tax receivable agreement [30] - Management announced leadership changes, with Ken Cornick stepping down from operational roles and Michael Barkin appointed as President [19][20] Q&A Session Summary Question: Can you review the guidance for Q1 bookings? - Management indicated that Q1 bookings guidance implies around 13% year-over-year growth, with January being seasonally slow for travel [41][42] Question: What is the mix in net adds for the quarter? - The trial count as a percentage of total Active CLEAR Plus members was down slightly year-over-year, impacting Q1 [48] Question: How is the relationship with Amex affecting bookings and EBITDA? - Management noted that while the partnership with Amex is valuable for brand awareness, the gap between wholesale and retail pricing is significant, impacting bookings and EBITDA [50][51] Question: What are the trends in air travel and independent locations? - Management remains bullish on travel trends, expecting continued growth and positive cash flow from independent locations [81][84] Question: What are the pricing opportunities for the upcoming fiscal year? - Management sees opportunities to charge for previously free tiers and is focused on gross dollar retention [86]

Financial Performance - Total revenue for 2024 reached $770,488,000, a 25.6% increase from $613,579,000 in 2023 [422]. - Operating income for 2024 was $123,191,000, compared to $20,138,000 in 2023, marking a significant improvement [422]. - Net income attributable to Clear Secure, Inc. for 2024 was $169,676,000, up from $28,108,000 in 2023, reflecting a substantial growth [422]. - Comprehensive income attributable to Clear Secure, Inc. for 2024 was $167,969,000, compared to $31,687,000 in 2023 [425]. - The net income for the year ending December 31, 2024, was $225,274,000, compared to $49,888,000 for the previous year, indicating a significant growth [433]. - The company reported a net income per share of $1.81 for both Class A and B Common Stock in 2024, up from $0.31 in 2023 [422]. - Operating cash flow for 2024 was $295,677, up from $225,033 in 2023, indicating a 31.2% increase year-over-year [439]. Assets and Liabilities - Total assets increased to $1,194,932,000 in 2024 from $1,045,009,000 in 2023, representing a growth of 14.3% [420]. - Total liabilities rose to $956,992,000 in 2024, compared to $675,785,000 in 2023, indicating a 41.6% increase [420]. - The company had cash and cash equivalents of $66.9 million as of December 31, 2024 [398]. - The company recorded marketable securities totaling $543 million as of December 31, 2024, primarily invested in government securities and money market funds [400]. - The total paid-in capital as of December 31, 2024, was $114,231,000, showing a decrease from $394,390,000 at the beginning of the year [433]. - The company reported a depreciation expense of $21,749 for 2024, up from $18,215 in 2023, which is a 13.9% increase [439]. Tax and Financial Agreements - The company expects to pay approximately $462.7 million under the Tax Receivable Agreement over 15 years, assuming all future redemptions occur on December 31, 2024 [221]. - The Tax Receivable Agreement requires the company to pay 85% of cash savings from tax benefits realized, which could significantly impact liquidity [219]. - Payments under the Tax Receivable Agreement could exceed actual cash savings in income tax, leading to potential financial strain [224]. - The Tax Receivable Agreement requires payments based on tax reporting positions, which may be challenged by the IRS or other tax authorities, potentially affecting future cash payments [222]. Dividends and Stock Repurchase - The company has approved a quarterly dividend policy but may face limitations due to its holding company structure and contractual restrictions [211]. - The ability to pay dividends may be restricted by covenants in debt agreements and other factors [212]. - As of December 31, 2024, $52.7 million remained available under the stock repurchase program, which allows for the purchase of up to $600 million of Class A Common Stock [229]. - The company distributed $28,828,000 in special dividends during the year [433]. - The company repurchased Class A Common Stock amounting to $272,920 in 2024, compared to $69,673 in 2023, indicating a significant increase in stock buybacks [439]. Organizational Structure and Control - As of December 31, 2024, the Founder Post-IPO Members control approximately 82.1% of the combined voting power of the outstanding shares [214]. - The organizational structure may confer benefits to CLEAR Post-IPO Members that do not equally benefit Class A Common Stock holders [213]. - The company is subject to covenants in its Credit Agreement that limit its ability to incur additional debt, pay dividends, or engage in certain business activities, which may hinder future operations [227]. Market and Operational Challenges - The company’s decisions to enhance member experience may conflict with short-term financial results, potentially affecting stock price [205]. - The company expects continued variability in its operating and financial performance due to factors outside its control [242]. - The company anticipates that fluctuations in its stock price may occur due to factors unrelated to its operating performance [243]. Internal Controls and Compliance - The company may face challenges in maintaining effective internal controls, which could impair the accuracy of financial statements and compliance with regulations [235]. Revenue Generation - The Company primarily generates revenue from subscriptions to its consumer aviation service, CLEAR Plus, with membership subscription revenue presented net of taxes, refunds, and chargebacks [453]. - The Company recognizes revenue ratably from its consumer aviation subscription service, with performance obligations satisfied over time as services are rendered, typically over a period of less than 12 months [459]. - The Company’s revenue is primarily derived from subscriptions to its consumer aviation service, CLEAR Plus, with no individual airport accounting for more than 10% of membership revenue [529]. Acquisitions and Investments - The Company acquired assets of Sora ID, Inc. for a total purchase consideration of $5,250 thousand, including $1,500 thousand in deferred consideration [522]. - Goodwill recognized from the acquisition of Sora ID, Inc. amounted to $3,950 thousand, which is deductible for tax purposes [522]. - The Company evaluates acquisitions to determine if they are business combinations or asset acquisitions, with goodwill recognized as the excess of purchase price over net identifiable assets acquired [484].

Clear Secure (YOU) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 221.43%. A quarter ago, it was expected that this airport security company would post earnings of $0.33 per share when it actually produced earnings of $0.30, delivering a surprise of -9.09%.Over the last four quarters ...