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Clear: quarterlies, annuals, SEC actions

Clear stacks growth quarters as PreCheck biometrics, ID verification platform scale
Clear: quarterlies, annuals, SEC actions
 

May 10, 2024 – Clear’s revenues from its reusable digital ID and airport biometrics increased by more than 35 percent year-over-year to $179 million for the first quarter of the fiscal 2024 year. Total booking were up more than 20 percent to $180.6 million.

Adjusted EBITDA during the quarter reached $40.9 million. Net income was $32.1 million and earnings per common and diluted basic share was $0.20.

CEO Caryn Seidman Becker says Clear executed on its three priorities of improving the membership experience, scaling its TSA PreCheck operations and its Clear Verified identity verification platform during the quarter.

CLEAR announces Q4 and FY2023 earnings

Feb 28, 2023 – Clear has released a shareholder letter containing its 2023 fourth quarter and full-year financial results. Read more here.

Clear swings into the black in third quarter

November 10, 2023 – Biometric ID verification company Clear is reporting a solid, positive swing in its fortunes in both the third quarter and the first three quarters of 2023.

For the quarter ended September 30, Clear reported a net profit of $26.8 million, or $0.17 per basic and diluted share, on revenue of $160.3 million. This compares with the third quarter a year ago when it reported a loss of $65.5 million, or $0.44, on revenue of $115.9 million.

During the first three quarters of fiscal 2023, Clear reported a net profit of $26.6 million, or $0.16 per basic share and $0.15 per diluted share, on revenue of $442.6 million. This compares with a loss of $96.6 million, $0.67 basic and diluted, on revenue of $309.1 million.

Mixed financials to match mixed times

March 10, 2023 – Clear reports that its total bookings, one of the company’s key performance indicators, rose 55 percent fiscal 2022 over 2021. Read more here.

Clear is having a hard time winning at sports venues

June 12, 2022 – Sports would seem to be an approachable industry for a biometric ID vendor to enter. Read more here.

Clear revenues up

Nov 16, 2021 – Revenues from Clear’s biometric services were up 20 percent in the third quarter of 2021 to $67.6 million, as the company’s total cumulative enrollments jumped by 58 percent to 8.1 million. Read more here.

Clear stock up dramatically after IPO

June 30, 2021Clear’s stock price started above its estimated range and climbed from there on Wednesday, raising nearly $410 million for the biometrics provider at a market cap of $4.5 billion. Read more here.

More financial and industry news about Clear here.

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