Have you been paying attention to shares of Clear Secure (YOU) ? Shares have been on the move with the stock up 29.7% over the past month. The stock hit a new 52-week high of $26.96 in the previous session. Clear Secure has gained 29.6% since the start of the year compared to the 4.1% move for the Zacks Industrial Products sector and the 18.2% return for the Zacks Security and Safety Services industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn ...

Clear Secure (YOU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this airport security company have returned +31.5%, compared to the Zacks S&P 500 composite's -4.8% change. During this period, the Zacks Security and Safety Services industry, which Clear Secure falls in, has gained 0.9%. The key question now is: What could be the stock's future directio ...

Investors in identity verification technology company Clear Secure (NYSE:YOU) are certainly seeing plenty of green on the screen today. Indeed, shares of YOU stock are surging more than 25% at the time of this writing after the company reported second-quarter earnings which beat on both the top and the bottom line. Clear Secure brought in EPS of 34 cents during the quarter, handily beating consensus expectations of only 26 cents per share. Importantly, this key metric more than doubled on a year-over-year ( ...

Financial Data and Key Metrics Changes - Revenues increased by 25% year-over-year, with adjusted EBITDA growing by 137% [8] - Cash flow from operations was $114.6 million, and free cash flow was $110.1 million, up 65% year-over-year [8] - Free cash flow grew by 90% after deducting normalized stock compensation [8] Business Line Data and Key Metrics Changes - Active CLEAR Plus members grew by 297,000 in Q2, significantly up from 78,000 in Q1 [9] - The introduction of CLEAR Perks aims to enhance the member experience and increase value [5][10] - TSA PreCheck enrollment is live in 46 airports, up from three at the end of Q1, with several thousand pre-enrollments daily [11] Market Data and Key Metrics Changes - The company aims to grow towards 50 million members by 2025, with a focus on underpenetrated markets [6][9] - Standard pricing increased by $10 to $199, marking only the second price increase in 14 years [9] - The experienced economy and booming travel market have expanded CLEAR's addressable market [9] Company Strategy and Development Direction - The company is focused on growing members, bookings, and free cash flow, with a strong emphasis on enhancing the travel experience [4][6] - An airport innovation campaign is set to be announced to improve customer experience and drive partnerships [6][24] - The strategy includes expanding CLEAR Verified offerings into sectors like healthcare and financial services [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about member growth opportunities, particularly in lower penetration markets [9][18] - The company expects revenue for Q3 to be between $193 million and $195 million, representing 21% growth [13] - Management raised fiscal year free cash flow growth guidance to at least 40% year-over-year [13] Other Important Information - The company repurchased 3.6 million shares in Q2 and an additional four million shares from Delta in July [12] - The company is focused on capital allocation and opportunistic share repurchases based on free cash flow growth [50] Q&A Session Summary Question: Can you review your philosophy on pricing and managing that around retention? - Management stated that the recent price increase is only the second in 14 years, emphasizing the value proposition of CLEAR services [14][15] Question: What factors should be considered for net member adds in the second half of 2024? - Management highlighted opportunities in underpenetrated markets and improvements in field operations as key factors for growth [18][19] Question: Can you provide details on the airport innovation campaign? - The campaign aims to enhance the overall customer experience at airports through technology and infrastructure improvements [22][24] Question: What are the learnings from the TSA PreCheck rollout? - Management noted the importance of pre-enrollment and digital marketing in driving customer engagement and ease of enrollment [32][33] Question: How do you view the TSA PreCheck as a revenue driver? - TSA PreCheck is expected to contribute incremental gross profit dollars in the near term and become more meaningful to revenue and bookings by 2025 [43] Question: What is the strategy for expanding into other venues beyond airports? - The company is focusing on partnerships with retailers like Home Depot to enhance customer experience and reduce fraud [26][28]

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.00001 per share YOU New York Stock Exchange "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o Emerging growth company o UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUA ...

Clear Secure (YOU) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30.77%. A quarter ago, it was expected that this airport security company would post earnings of $0.17 per share when it actually produced earnings of $0.28, delivering a surprise of 64.71%. Over the last four quarters ...

| --- | |----------------------------| | | | | | | | CLEAR® | | Shareholder Letter Q2 2024 | Shareholder Letter Q2 2024 Second Quarter 2024 Financial Highlights (all figures are for Second Quarter 2024 and percentage change is expressed as year-over-year, unless otherwise specified)" > Revenue of $186.7 million was up 24.6% while Total Bookings of $197.0 million were up 12.5% > Operating income of $30.3 million; Adjusted EBITDA of $47.5 million > Net Income of $38.6 million, Earnings per Common Share Basic ...

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has posted a shareholder letter containing its 2024 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. 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 participants. Listeners can ...

NEW YORK, Aug. 5, 2024 /PRNewswire/ -- CLEAR Secure, Inc. (NYSE: YOU), ("CLEAR ", or "The Company"), the secure identity company, announced the repurchase of 4,000,000 shares of Class A Common Stock in the third quarter of 2024 pursuant to a block share purchase agreement with Delta Air Lines, Inc. ("Delta") (NYSE: DAL). Delta continues to own 4,277,958 shares of CLEAR's Class C Common Stock. "CLEAR is an important partner whose technology enhances the travel experience for Delta's customers," said Ranjan G ...

NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.10 per share, payable on September 17, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on September 10, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary. The declaration, timing and amo ...