Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Clear Secure, Inc. reported the third quarter ended September 30, 2022 results: revenue $115.9 million, net income Net loss of $65.6 million, EPS Net loss per common share basic and diluted $0.44.
- Period
- the third quarter ended September 30, 2022
- Revenue
- $115.9 million
- Net income
- Net loss of $65.6 million
- EPS
- Net loss per common share basic and diluted $0.44
- Result
- reported results
Exact text from the filing
Revenue of $115.9 million was up 71.6% while Total Bookings of $145.7 million were up 46.7% Net cash provided by operating activities of $13.2 million; Free Cash Flow of $5.3 million; both figures include payment for credit card partnership accrual Total Cumulative Enrollments of 14.2 million were up 76.3% Annual CLEAR Plus Net Member Retention of 92.2% was up 480 basis points year-over-year and down 210 basis points sequentially Total Cumulative Platform Uses of 117.6 million were up 62.9% Net loss of $65.6 million, which includes $58.8 million non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income of $8.1 million; Adjusted EBITDA of $11.9 million Net loss per common share basic and diluted $0.44, which includes $0.39 of non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income per common share, basic and diluted $0.05
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