2023-05-09 06:41:21 ET
- Clear Secure press release ( NYSE: YOU ): Q1 Non-GAAP EPS of $0.06 beats by $0.01 .
- Revenue of $132.36M (+46.2% Y/Y) beats by $2.63M .
- Annual CLEAR Plus Net Member Retention of 91.3% was down 400 basis points year-over-year and 60 basis points sequentially
- Total Cumulative Platform Uses of 141.1 million were up 48.1%
- Total Bookings of $149.7 million were up 38.9%
- Total Cumulative Enrollments of 16.2 million were up 37.1%
- Second Quarter and Full Year 2023 Guidance
- We expect second quarter 2023 revenue of $139-$141 vs $133.31M consensus million and Total Bookings of $158-$160 million.
- In December 2022, we received Authority to Operate from TSA for TSA PreCheck Enrollment Provided by CLEAR. We expect a soft launch in mid-2023 and bookings and revenue from this program will build throughout the back half of 2023. TSA PreCheck® bookings will be recognized as revenue in the quarter they are received. Second quarter guidance does not include any contribution from TSA PreCheck.
- For fiscal year 2023, we expect to demonstrate operating leverage and growth in Free Cash Flow as compared to fiscal year 2022.
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Clear Secure Non-GAAP EPS of $0.06 beats by $0.01, revenue of $132.36M beats by $2.63M