NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE: YOU), the secure identity platform, has posted a shareholder letter containing its 2024 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. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international partici ...

New enrollment location offers convenient option for consumers to enroll or renew in TSA PreCheckNEW YORK, Feb. 25, 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 a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR’s first non-airport location in San Juan for TSA PreCheck enrollment and renewal service ...

Company Overview - Clear Secure (YOU) shares increased by 5.2% to $23.55, following a period of 7% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company is experiencing strong membership growth, increased TSA PreCheck enrollments, strategic enterprise partnerships, and enhanced operational efficiency, which are contributing to higher retention rates and free cash flow [1] Earnings Expectations - Clear Secure is projected to report quarterly earnings of $0.28 per share, reflecting a year-over-year increase of 64.7% [2] - Expected revenues for the upcoming quarter are $203.45 million, representing a 19% increase compared to the same quarter last year [2] Market Trends - The consensus EPS estimate for Clear Secure has remained stable over the last 30 days, suggesting that stock price movements may not sustain without changes in earnings estimate revisions [3] - Clear Secure holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the current market context [3] Industry Comparison - Clear Secure operates within the Zacks Internet - Software industry, where another company, Blend Labs (BLND), has also maintained a Zacks Rank of 3 (Hold) [3][4] - Blend Labs is expected to report an EPS of $0.01, which is a 114.3% increase from the previous year, but has not seen changes in its consensus EPS estimate over the past month [4]

Core Points - Clear Secure, Inc. declared a quarterly dividend of $0.125 per share and a special cash dividend of $0.27 per share, payable on March 18, 2025, to holders of record as of March 10, 2025 [1] - The dividends will be funded from cash distributions made by Alclear Holdings, LLC, which include mandatory tax distributions and discretionary distributions [2] - The Board authorized a $200 million increase to the existing Class A Common Stock share repurchase program, resulting in an aggregate remaining authorization of approximately $232 million after using approximately $68 million [3] Future Considerations - The declaration, timing, and amount of future dividends will depend on various factors including the Company's operational results, cash flows, financial position, capital requirements, and general business conditions [4] - The timing and actual number of shares repurchased will be determined by management based on stock price, trading volume, market conditions, and other business considerations [4] Company Overview - CLEAR's mission is to create frictionless experiences, with over 27 million members and a growing network of partners globally [5] - The identity platform aims to transform everyday experiences, ensuring members have control over their information and that member data is not sold [5]

Company Overview - Clear Secure, Inc. (NYSE: YOU) is a secure identity company focused on creating frictionless experiences for its members [3] - The company has over 27 million members and a growing network of partners globally [3] - CLEAR's identity platform aims to transform everyday experiences in travel, work, and leisure by enhancing security and ease of use [3] Financial Results Announcement - Clear Secure will report its financial results for the fourth quarter and full year ending December 31, 2024, on February 26, 2025, at approximately 6:00 a.m. ET [1] - A live webcast and teleconference to discuss the results will take place at 8:00 a.m. ET on the same day [1] Investor Access - Investors and analysts can join the live teleconference by calling toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants [2] - A replay of the webcast will be available on the investor relations website after the event [2]

Group 1 - Clear Secure's stock closed at $23.13, reflecting a +0.57% change, outperforming the S&P 500's gain of 0.03% [1] - The company has experienced a 13.21% decline in stock price over the past month, while the Computer and Technology sector gained 2.31% and the S&P 500 increased by 4.19% [1] Group 2 - The upcoming earnings per share (EPS) for Clear Secure is projected at $0.28, indicating a 64.71% increase year-over-year [2] - Revenue is estimated to be $203.45 million, representing a 19% increase compared to the same quarter last year [2] Group 3 - Recent revisions to analyst forecasts for Clear Secure are important as they reflect short-term business trends and analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings and has a history of outperforming the market [4][5] Group 4 - Clear Secure has a Forward P/E ratio of 18.02, which is a discount compared to the industry's average Forward P/E of 30.99 [6] - The Internet - Software industry, part of the Computer and Technology sector, ranks in the top 30% of all industries according to the Zacks Industry Rank [6]

Core Insights - CLEAR has announced the integration of its identity verification solution within Epic's "Identity Verification for MyChart" Toolbox, aimed at enhancing patient identity verification and security of health information [1][2][3] Integration and Benefits - The integration provides health systems with a turnkey solution for accurate, seamless, and secure patient identity verification processes, reducing administrative burdens and enhancing cybersecurity [2][5] - Over 290 million patients with electronic records in Epic can benefit from this integration, which simplifies account creation and recovery workflows through automated verification [3][5] - Health systems can customize verification flows with over 60 verification checks, including document-based identity verification, enhancing the consumer experience in healthcare [4] User Experience - Existing CLEAR users can verify their identity instantly using a selfie, while new users can enjoy a similar experience after a one-time setup [5] - The integration aims to streamline patient experiences, maximize security, and minimize friction in healthcare interactions [5][6] Security and Efficiency - The integration strengthens security at critical touchpoints like account creation and recovery, protecting patient data from cyber threats [7] - CLEAR's identity verification solution is designed to be implemented quickly without disrupting existing workflows, promoting operational efficiency [7] Market Context - In 2024, over 600 healthcare data breaches occurred in the U.S., with an average cost of $5 million per breach, highlighting the need for enhanced security measures in healthcare [5]

Company Overview - CLEAR is launching its identity verification technology at Portland International Airport (PDX), aiming to enhance travel experiences in Oregon [1] - The launch is expected to create 53 jobs and generate over $3 million annually in local economic impact [1] - CLEAR serves a total of 59 airports and has over 27 million members, providing expedited identity verification through dedicated lanes [2] Service Details - CLEAR Plus membership costs a little over $16 per month, with discounts available for certain airline members and military personnel [3] - Members can verify their identity using biometric data, such as eyes or fingerprints, which streamlines the security process at airports [2] Community Impact - The addition of CLEAR at PDX aligns with the city's commitment to consumer rights and responsible technology use, enhancing the traveler experience while respecting local policies [2] - The Port of Portland is focused on economic growth and accessibility, aiming to include underserved communities in the region's development [4]

In the latest trading session, Clear Secure (YOU) closed at $23.47, marking a +0.43% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.25%.The airport security company's shares have seen a decrease of 12.28% over the last month, not keeping up with the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24%.The upcoming earnings release of Clear Secure will be of ...

Core Insights - Clear Secure, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company reported a significant slowdown in new users for its Clear Plus membership service, with only a 0.8% increase in active members, the lowest growth in over two years [2] - Following the announcement of the slowdown and a 70% year-over-year price increase for Clear Plus family memberships, Clear's stock price dropped by approximately 25.7% [2] Company Performance - Clear Plus active membership growth was only 0.8% in Q3 2024, marking the smallest gain in over two years [2] - The price of Clear Plus family memberships increased from $70 to $119, representing a 70% increase year-over-year [2] - Clear's stock price fell from $38.45 on November 6, 2024, to $28.53 on November 7, 2024, a decline of $9.92 per share [2]