secwatch.observer — SEC 8-K summary
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Issuer:     Clear Secure, Inc. (YOU)
CIK:        0001856314
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001856314-22-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clear Secure reports Q3 revenue $115.9M (+71.6% YoY), declares $0.25 special dividend
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- Revenue $115.9M up 71.6% YoY; Total Bookings $145.7M up 46.7%. Net loss $65.6M includes $58.8M non-cash warrant expense to United Airlines.
- Adjusted net income $8.1M; Adjusted EBITDA $11.9M. Net loss per share $0.44; Adjusted EPS $0.05.
- Declared $0.25 special cash dividend payable Dec 7, 2022 to holders of record Nov 28, 2022.
- Total Cumulative Enrollments 14.2M (+76.3% YoY); Annual CLEAR Plus Net Member Retention 92.2% (+480 bps YoY, -210 bps sequentially).
- Expects TSA PreCheck soft launch by year-end 2022; launched new partnerships with Avis and Virdee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856314/000185631422000026/0001856314-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856314/000185631422000026/you-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001856314-22-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer