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Clear Secure Inc   (YOU)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $19.3200 $0.03 0.156%
Day's High: $19.4727 Week Perf: -4.17 %
Day's Low: $ 19.05 30 Day Perf: -5.06 %
Volume (M): 1,078 52 Wk High: $ 27.93
Volume (M$): $ 20,817 52 Wk Avg: $21.72
Open: $19.28 52 Wk Low: $15.28



 Market Capitalization (Millions $) 1,752
 Shares Outstanding (Millions) 91
 Employees 2,251
 Revenues (TTM) (Millions $) 614
 Net Income (TTM) (Millions $) 50
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) 26

Clear Secure Inc
CLEAR is the brand name for a member-centric secure identity platform. CLEAR understands that you are always you'your biometric identity is critical to enabling frictionless everyday experiences, connecting you to everything that makes you, YOU, and transforming the way you live, work, and travel. CLEAR members sign up to create an unbreakable link between their identity and biometrics (e.g., eyes, face and fingerprints). CLEARs current offerings include: CLEAR Plus, a consumer aviation subscription service that provides access to predictable and fast experiences through dedicated entry lanes at airport security checkpoints across the country; the flagship CLEAR App, which includes Home to Gate and Health Pass; and Reserve powered by CLEAR, our virtual queuing technology that allows customers to manage lines.
CLEAR also has software development kits ('SDKs') and application programming interface ('API') capabilities to enable our partners to seamlessly integrate directly into our platform to enable better, faster and more frictionless experiences for our partners' customers. Use cases enabled by SDKs and APIs may include identity validation, identity verification, attribute validation such as age validation, vaccine status and payment, among others.
Our platform is multi-faceted and a powerful network of networks. We started in airports and witnessed accelerating member growth in both new markets and existing markets as our network expanded. Our largest CLEAR Plus member acquisition channel continues to be our in-airport channel. As we launched new use cases in existing markets, we saw accelerated growth and improved retention. The ability to use CLEAR in more locations in more ways increases our utility to our members. The larger our member base becomes, the more valuable our platform becomes to our current and prospective partners who utilize our platform to better realize their business objectives. As a result, our growth strategy is focused on simultaneously growing our CLEAR members while continuing to add valuable partners to our network and expanding the functionality and availability of our platform.
Our member base includes paying members and platform members. Paying members subscribe to our CLEAR Plus consumer aviation subscription service, which enables access to predictable and fast experiences through dedicated entry lanes in airport security checkpoints across the nation as well as access to our broader network. Our business model is powered by network effects and characterized by efficient member acquisition and high retention rates. Our passionate member base further drives viral, word of mouth marketing and high annual retention rates.
Platform members include members who enrolled through our mobile app and formerly paying CLEAR Plus members. Platform members can use CLEAR anywhere in our network outside of our CLEAR Plus service. Typically new platform members are driven to enroll by one of our partners who integrate with CLEAR to enable frictionless experiences for their customers.
Our partners typically pay us based on the number of members or transaction volume. While contract structure may vary by use case, these deals are typically multi-year, recurring contracts that drive revenue primarily through transaction fees charged either per member, per use or per user over a predefined time period. In addition, they may also include one-time implementation fees, licensing fees, hardware-leasing fees or incremental transaction fees. Revenues from our partners, and the percentage of our total revenue from these partners, have historically been immaterial. Although platform members may not contribute directly to our revenues, they are valuable to our platform as they indirectly contribute to revenues and drive new partners to CLEAR.
Platform members are also driven to enroll directly to access our expanding portfolio of use cases. Today these include Health Pass (which includes validation of COVID testing results and digitization of vaccine status), and Home to Gate (end-to-end frictionless travel journeys). Reserve powered by CLEAR (virtual queuing) serves as an additional avenue to drive Platform member enrollment.
We believe there is a significant opportunity to expand our reach. We expect to expand CLEAR Plus through airport network expansion, increased market penetration in existing markets and new products in the aviation space. Trends in our favor include the reacceleration of the travel industry and consumer demand for touchless technology.
Additionally, we have a robust pipeline of new partners who increasingly recognize the need to deliver a fast, easy and secure experience to their customers'a true frictionless journey. We believe our platform can power a wide range of secure use cases such as customer check-in, digital identity, account opening/know your customer, payments, virtual queuing, licensing and professional credential verification, and physical entry and access. These use cases can be applied across verticals such as aviation and travel, hospitality, live sports and entertainment, healthcare, financial services and e-commerce, among others.
Our platform is versatile, can be used across different verticals and can be customized for specific applications or use cases. Our architecture is designed to be scalable without compromising member experience or information security. We have built SDK and API capabilities to enable our partners to quickly and seamlessly integrate directly with our platform. This structure allows us to facilitate safer, faster and more frictionless experiences for our partners' customers, while enabling our partners to continue to control and manage the direct relationship with their customer under their own brand.


   Company Address: 85 10th Avenue New York 10011 NY
   Company Phone Number: 723-1404   Stock Exchange / Ticker: NYSE YOU
   


Customers Net Income fell by YOU's Customers Net Profit Margin fell to

-6.38 %

11.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRWD   -2.49%    
NET   -2.18%    
PLTR   -2.83%    
RPD   -4.99%    
TENB      0% 
VRNS   -0.81%    
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Clear Secure Inc

Navigating Market Challenges with Exceptional Earnings Growth

Clear Secure Inc's stock has seen a significant decrease of -40.68% from a year ago, bringing the share price down by -7.13% in the past 90 days. Currently, the stock is trading just 18.5% above its 52-week low. Despite these declines in the stock price, there are positive signs in the company's recent financial performance.
For the fiscal period ending December 31, 2023, Clear Secure Inc reported positive earnings of $0.14 per share, a significant improvement from the previous year's loss of $-0.13 per share. However, profits did fall by -18.14% from the previous reporting period. The company also experienced an impressive increase in revenue, with a jump of 33.303% to $170.97 million from $128.25 million in the same period a year ago.

Clear Secure Inc

Clear Secure Inc Smashes Expectations in Record-Breaking Third Quarter 2023 Results



Clear Secure Inc, a prominent Software & Programming company, has reported an outstanding financial performance in the third quarter of 2023. The company's profits turned positive, with earnings per share (EPS) of $0.17, compared to a loss of $-0.44 per share in the previous year. This remarkable growth represents a 325% increase in EPS from the previous reporting period. Moreover, the company witnessed substantial revenue growth, jumping by 38.361% to $160.39 million for the quarter.
Positive Earnings Performance:
After experiencing a loss of $-65.559 million in the third quarter of the previous year, Clear Secure Inc has demonstrated a commendable recovery. This quarter, the company recorded net profits of $26.863 million, showcasing a significant improvement. This accounts for improved operational efficiency and management's ability to adapt to market changes effectively.

Clear Secure Inc

Clear Secure Inc Showcases Impressive Turnaround in Q2 2023 Earnings with Substantial Revenue Surge and Positive EPS

The Stock Market Shines as Clear Secure Inc. Turns Profitable
In an exciting turn of events, Clear Secure Inc. has displayed remarkable growth and profitability in the financial time-frame ending June 30, 2023. The company's impressive numbers have sent waves of optimism throughout the stock market, leaving investors delighted and eager for more positive news.
Clear Secure Inc.'s journey to profitability has been nothing short of spectacular. With an EPS of $0.04 per share, the company has made a substantial leap from the previous year's $-0.09. This remarkable improvement reflects the dedication and strategic decision-making that have led Clear Secure Inc. to its current success.

Clear Secure Inc

Clear Secure Inc Bolsters Performance with Impressive Revenue Leap and Decreased Losses

In what could be seen as a promising development, Clear Secure Inc has reported a decrease in its loss per share from negative $0.13 to negative $0.06 in the first quarter of 2023 earnings season. Additionally, its revenue has leaped by 46.187% to $132.36 million from $90.54 million in the same reporting period the previous year. Sequentially, Clear Secure Inc's revenue has also advanced by 3.199% from $128.25 million.
The first quarter of 2023 earnings season has shown a significant improvement for Clear Secure Inc as it managed to report a net loss of only $-8.273 million compared to the same period the previous year when it reported a deficit of $-18.794 million. The company is now expected to present its next financial earnings in May 2023. It's worth noting that Clear Secure Inc's cumulative net loss for the 12 months ending with the first quarter of 2023 is $-105 millionIt should be noted that the Software & Programming industry has seen employees of 48 other companies reach higher income per employee. Meanwhile, Clear Secure Inc's overall ranking has deteriorated compared to the fourth quarter of 2022.
Despite the growth in revenue and the reduction in loss per share, it's important to keep in mind that Clear Secure Inc still has a significant cumulative net loss. While the company has shown some improvement, it still has a way to go before reaching profitability. As industry competition and the need to increase employee revenue continue to push innovation and efficiency, it will be interesting to see how Clear Secure Inc will respond to these challenges. We'll have to wait until May 2023 to get an update on the company's situation.






 

Clear Secure Inc's Segments
 
 
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  Revenue Outlook
Clear Secure Inc does not provide revenue guidance.

Earnings Outlook
Clear Secure Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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