Clear Secure, Inc. (YOU) Tops Q3 EPS by 3c, Offers Guidance

Clear Secure, Inc. (NYSE: YOU) reported Q3 EPS of ($0.23), $0.03 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $67.6 million versus the consensus estimate of $65.81 million.

GUIDANCE:

Clear Secure, Inc. sees Q4 2021 revenue of $77.5-78.5 million, versus the consensus of $75.7 million.

• We expect fourth quarter 2021 revenue of $77.5-78.5 million and Total Bookings of $98-102 million. Certain expenses such as Cost of Revenue Share, Sales and Marketing and components of General and Administrative have variable components that can fluctuate based on the level of Total Bookings and new enrollments in the quarter. As a result, positive variances in Total Bookings and enrollments may lead to near term negative variances in profitability metrics while potentially positively benefiting operating cash flow.
• Our revenue and Total Bookings guidance exclude any contribution from the launch of our TSA PreCheck enrollment service, which we now expect in the first several months of 2022. TSA PreCheck Bookings will be recognized as revenue in the quarter in which they are received. We will continue to incur operating expenses in the fourth quarter associated with the future launch of this program.

For earnings history and earnings-related data on Clear Secure, Inc. (YOU) click here.

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