NYSE$YOU
Clear Secure Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
CLEAR experienced broad-based strength with operating leverage and strong free cash flow.
CLEAR Secure, Inc. reported a strong first quarter with revenue up 79.1% and total bookings up 73.5%. The company saw a continuation of strong travel trends and generated significant free cash flow.
- Revenue increased by 79.1% to $90.5 million, and Total Bookings increased by 73.5% to $107.8 million.
- Total Cumulative Enrollments reached 11.8 million, driven by CLEAR Plus and Platform enrollments.
- Annual CLEAR Plus Net Member Retention increased to 95.3%.
- The Board of Directors authorized a share repurchase program of up to $100 million.
Headline financials
Revenue & EPS history
Clear · Revenue · Quarterly
$90.5M
Forward guidance
The company expects second quarter 2022 revenue of $99-101 million and Total Bookings of $110-114 million. This excludes any contribution from the launch of our TSA PreCheck enrollment service.
Tailwinds
- The company expects second quarter 2022 revenue of $99-101 million
- The company expects Total Bookings of $110-114 million
- The company is working collaboratively with TSA partners through the launch process.
- TSA PreCheck Bookings will be recognized as revenue in the quarter in which they are received.
- CLEAR remains focused on growing members, bookings AND free cash flow while continuing to build a brand that members trust and love.
Headwinds
- Second quarter 2022 revenue and Total Bookings guidance exclude any contribution from the launch of the TSA PreCheck enrollment service
- The company continues to incur operating expenses in the second quarter associated with the future launch of this program.
- First quarter 2022 net loss was ($18.8) million
- First quarter 2022 Adjusted Net Loss was ($5.0) million
- First quarter 2022 Adjusted EBITDA was ($0.7) million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+2.3%
Avg return
Earnings day
+4.8%
Avg return
5 days after
+3.4%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+39.3%
Q4 2025
Best reaction
-10.7%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.3% | -8.3% | |
| Q4 2025 | +39.3% | +43.5% | +41.7% | |
| Q3 2025 | +0.8% | +17.2% | +5.4% | |
| Q1 2025 | -0.2% | -4.2% | +2.7% | |
| Q4 2024 | -6.5% | +0.0% | +11.7% | |
| Q3 2024 | -0.3% | -24.6% | -25.7% | |
| Q2 2024 | -9.6% | +13.3% | +42.3% | |
| Q1 2024 | +0.2% | -3.8% | -5.4% | |
| Q4 2023 | +4.5% | +2.7% | +15.5% | |
| Q3 2023 | -1.0% | +10.1% | +25.1% | |
| Q2 2023 | -0.1% | -0.7% | -5.7% | |
| Q1 2023 | +3.7% | -1.1% | +2.5% | |
| Q4 2022 | -6.2% | -4.6% | -14.9% | |
| Q3 2022 | +2.9% | +25.1% | +22.9% | |
| Q2 2022 | +3.4% | -5.1% | -14.3% | |
| Q1 2022 | +12.3% | +36.6% | -7.8% | |
| Q4 2021 | +10.0% | +14.0% | +34.3% | |
| Q3 2021 | -2.2% | -14.2% | -41.8% | |
| Q2 2021 | -10.7% | -9.0% | -15.5% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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