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Clear Secure Inc   (NYSE: YOU)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $22.5400 $-1.44 -6.005%
Day's High: $23.945 Week Perf: -2 %
Day's Low: $ 22.54 30 Day Perf: -12.6 %
Volume (M): 1,949 52 Wk High: $ 38.88
Volume (M$): $ 43,939 52 Wk Avg: $24.17
Open: $23.90 52 Wk Low: $16.05



 Market Capitalization (Millions $) 2,125
 Shares Outstanding (Millions) 94
 Employees 1,315
 Revenues (TTM) (Millions $) 735
 Net Income (TTM) (Millions $) 132
 Cash Flow (TTM) (Millions $) -32
 Capital Exp. (TTM) (Millions $) 14

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 grew by YOU's Customers Net Profit Margin grew to

509.21 %

15.86 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRWD        5.32% 
NET   -0.77%    
PLTR        2.15% 
RPD   -7.18%    
S        0.77% 
TENB   -4.48%    
• View Complete Report
   



Product Service News

CLEAR Takes Flight Unprecedented Growth Sets the Stage for Future Dominance in Security Screening

Published Thu, Dec 12 2024 11:00 AM UTC

As air travel continues to rebound following the pandemic, the competitive landscape for travel security services is rapidly evolving. CLEAR Secure Inc., an Official TSA PreCheck Enrollment Provider, is betting big on convenience and technology to capture a larger share of the burgeoning market. Their latest move, opening a new enrollment location at the Mall of America, sig...

Products & Services

CLEAR, an Official TSA PreCheck Enrollment Provider, Expands Enrollment and Renewal Opt...

Published Wed, May 29 2024 12:00 PM UTC

CLEAR s Expansion and Performance: Setting New Benchmarks in TSA PreCheck Enrollment and Financial GrowthCLEAR (NYSE: YOU), an official TSA PreCheck enrollment provider, has announced the opening of a new enrollment and renewal location at San Diego International Airport. This expansion represents a significant step in increasing accessibility and convenience for consumers ...

Clear Secure Inc

Clear Secure Inc Leads the Way with Strong Healthy Behavior in First Quarter of 2024

/>Clear Secure, Inc. (NYSE: YOU) recently announced the declaration of a special cash dividend of $0.32 per share. This move reflects the company's commitment to delivering value to its shareholders and celebrates its significant financial achievements. Alongside this dividend announcement, Clear Secure Inc. also published positive financial results for the interval between January and March 2024. Despite a slight drop in stock performance during May 2024, Clear Secure Inc. has demonstrated remarkable growth and improvement in profit margins.
Financial Performance and Growth:
For the period from January to March 2024, Clear Secure Inc. reported a positive bottom-line result of $0.20 per share, a notable improvement compared to the previous year's loss of $-0.06 per share. This represents a 43.72% increase in earnings per share from the preceding reporting season. The company also witnessed a substantial surge in revenue, with a 35.278% jump to $179.05 million compared to $132.36 million during the same reporting season a year ago. Additionally, there was a sequential revenue growth of 4.728% from $170.97 million.

Dividend

CLEAR Announces Special Cash Dividend, Bringing New Opportunities for Shareholders

Published Thu, Mar 21 2024 8:30 PM UTC


Publication Date: March 21, 2024

NEW YORK, March 21, 2024 - Clear Secure, Inc. (NYSE: YOU) (CLEAR or the Company) has proudly declared a special cash dividend of $0.32 per share, enriching the financial prospects for shareholders. With a payment date set for April 8, 2024, this announcement marks a significant milestone for CLEAR and its commitment to providing...

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's Segments





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