Clear Secure Inc (N:YOU)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 85 10Th Ave., 9Th Floor NEW YORK NY 10011 |
| Tel: | N/A |
| Website: | https://www.clearme.com |
| IR: | See website |
| Key People | ||
| Caryn Seidman-becker Chairman of the Board of Directors, Chief Executive Officer, Founder | Kenneth L. Cornick President, Co-Founder, Chief Financial Officer, Director | Kyle Mclaughlin Executive Vice President - Aviation |
| Kasra Moshkani Executive Vice President - CLEAR Verified | Richard N. Patterson Chief Information Security Officer | |
| Business Overview |
| Clear Secure, Inc. is an identity company. Its secure identity platform is a multi-layered infrastructure consisting of both its front-end, including enrollment, verification and linking and its robust, secure, and scalable backend. It confirms identity on an opt-in basis using document authentication, biometric capture technology, liveness detection for anti-spoofing, biometric matching, backend identity proofing and other technologies to link an individual's identity with their biometrics. Its CLEAR Plus is its 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 its broader network. Its RESERVE is a virtual queuing technology that provides users with the ability to book a dedicated time slot to go through security at the airport. Its CLEAR Verified is its business to business offering that extends its secure identity platform to partners. |
| Financial Overview |
| For the three months ended 31 March 2024, Clear Secure Inc revenues increased 35% to $179M. Net income totaled $18.8M vs. loss of $5.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Equity based compensation decrease of 36% to $10.7M (expense), Interest income, net increase of 55% to $9.9M (income). |
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