CLEAR reports Q1 revenue $90.5M (+79% YoY); net loss ($18.8M); authorizes $100M buyback

Clear Secure, Inc.

Revenue $90.5M, up 79% YoY; Total Bookings $107.8M, up 74% YoY.
Net loss ($18.8M); Adjusted net loss ($5.0M); Diluted EPS ($0.13); Adjusted EPS ($0.03).
CLEAR Plus net member retention 95.3%, up 1,810 bps YoY and 300 bps sequentially.
Free Cash Flow $19.4M; Net cash from operations $24.9M.
Board authorized $100M share repurchase program with no expiration date.

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