NYSE$YOU
Clear Secure Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Clear's revenue increased and partnerships expanded, but member retention experienced a slight decrease.
Clear Secure, Inc. reported a strong first quarter with revenue up 46.2% and total bookings up 38.9%. The company launched a record number of new airports and expanded locations, partnered with LinkedIn and Health Gorilla, and repurchased Class A Common Stock. However, CLEAR Plus Net Member Retention decreased slightly.
- Revenue increased by 46.2% and Total Bookings increased by 38.9%.
- Total Cumulative Enrollments grew by 37.1%.
- Annual CLEAR Plus Net Member Retention decreased by 400 basis points year-over-year.
- Launched record 12 new airports and expanded four locations since first quarter 2022.
Headline financials
Revenue & EPS history
Clear · Revenue · Quarterly
$132M
Forward guidance
The company expects second quarter 2023 revenue of $139-$141 million and Total Bookings of $158-$160 million.
Tailwinds
- Expect second quarter 2023 revenue of $139-$141 million
- Expect Total Bookings of $158-$160 million for second quarter 2023
- Received Authority to Operate from TSA for TSA PreCheck Enrollment Provided by CLEAR in December 2022
- Expect a soft launch in mid-2023
- Expect to demonstrate operating leverage and growth in Free Cash Flow as compared to fiscal year 2022
Headwinds
- Second quarter guidance does not include any contribution from TSA PreCheck
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 2023
+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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