Clear Secure, Inc. [Rocket]

Overview

Clear Secure, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/02/2023	4	Moshkani Seyed Kasra (EVP, Operations) has filed a Form 4 on Clear Secure, Inc.
08/04/2023	4	Durable Capital Partners LP (10% Owner) has filed a Form 4 on Clear Secure, Inc.
08/02/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/02/2023	8-K	Quarterly results
07/14/2023	8-K/A	Quarterly results
07/10/2023	SC 13G/A	VANGUARD GROUP INC reports a 10.1% stake in Clear Secure Inc. Class A
06/29/2023	4	Collins Tomago (Director) has filed a Form 4 on Clear Secure, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	254.0	230.8	192.3
Revenue growth	10.0%	20.0%
Cost of goods sold	104.9	73.7	92.3
Gross profit	149.0	157.1	100.0
Gross margin	58.7%	68.1%	52.0%
Sales and marketing	35.2	16.4	36.0
Research and development	47.5	32.0	21.2
General and administrative	168.9	118.2	91.6
EBITA	-114.9	-18.9	-56.2
EBITA margin	-45.2%	-8.2%	-29.2%
Amortization of intangibles	0.1	0.0	0.0
EBIT	-114.9	-18.9	-56.2
EBIT margin	-45.3%	-8.2%	-29.2%
Pre-tax income	-114.9	-9.3	-54.2
Income taxes	0.2	0.0	0.0
Tax rate			0.0%
Net income	-36.1	-9.3	-54.2
Net margin	-14.2%	-4.0%	-28.2%

Diluted EPS	($0.47)
Shares outstanding (diluted)	76.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.