Clear Secure Q1 2023 Earnings Report

Clear Secure EPS Results

• Actual EPS: -$0.06
• Consensus EPS: -$0.15
• Beat/Miss: Beat by +$0.09
• One Year Ago EPS: N/A

Clear Secure Revenue Results

• Actual Revenue: $132.36 million
• Expected Revenue: $129.72 million
• Beat/Miss: Beat by +$2.64 million
• YoY Revenue Growth: N/A

Clear Secure Announcement Details

• Quarter: Q1 2023
• Date: 5/9/2023
• Time: N/A

Clear Secure (NYSE:YOU) operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members. In addition, it provides RESERVE powered by CLEAR, a virtual queuing technology that provides users with the ability to book a dedicated time slot to go through security at the airport; CLEAR Verified, a B2B offering that extends secure identity platform to partners to create friction-free experiences for their customers; TSA PreCheck Enrollment Provided by CLEAR, as well as online renewal services; Atlas Certified, an automated solution to verify professional licenses and certification data across industries; and Sora ID that enables adding know your customer services to platform offerings, as well as virtual queuing technology that enables customers to manage lines. The company was founded in 2010 and is headquartered in New York, New York. Clear Secure, Inc. is a subsidiary of Alclear Investments, Llc.