Clear Secure, Inc. has recently released its 10-K report, providing a comprehensive overview of its business operations and financial performance. The company operates a secure identity platform under the CLEAR brand name, primarily in the United States. Its offerings include the CLEAR Plus consumer aviation subscription service, the CLEAR mobile app, RESERVE powered by CLEAR, Home to Gate feature, CLEAR1 B2B offering, TSA PreCheck Enrollment Provided by CLEAR, Sora ID, and virtual queuing technology. The company was founded in 2010 and is headquartered in New York, New York.
In the 10-K report, Clear Secure, Inc. outlined key factors affecting its performance, including its ability to grow total CLEAR members, retain CLEAR+ members, add new partners, and generate new revenue streams. The company emphasized the importance of maintaining strong unit economics, timing of expenses, and discretionary investments. Additionally, Clear Secure, Inc. highlighted the impact of changes in the macro and regulatory environment, taxation, expenses, and acquisitions on its financial performance.
To evaluate its performance, Clear Secure, Inc. utilizes various non-GAAP financial reporting and performance measures, including Total Bookings, Total CLEAR Members, Total Cumulative Platform Uses, Active CLEAR+ Members, Annual CLEAR+ Gross Dollar Retention, and Annual CLEAR+ Member Usage.
The 10-K report provides a detailed insight into Clear Secure, Inc.'s financial condition, operational results, and the key factors that may impact its future performance. As a result of these announcements, the company's shares have moved 2.31% on the market, and are now trading at a price of $34.92. For more information, read the company's full 10-K submission here.
