Clear Secure, Inc. (NYSE:YOU) Q3 2024 Earnings Call Transcript November 7, 2024 8:00 AM ET
Company Participants
Caryn Seidman-Becker – Co-Founder, Chair and CEO
Ken Cornick – Co-Founder, President and CFO
Conference Call Participants
Joshua Reilly – Needham
Ben Miller – Goldman Sachs
Sarang Vora – Telsey Group
Mark Kelley – Stifel
Michael Turrin – Wells Fargo
Operator
Good morning, and welcome to CLEAR’s Fiscal Year Third Quarter 2024 Conference Call. We have with us today, Caryn Seidman-Becker, Co-Founder, Chair and Chief Executive Officer; and Ken Cornick, Co-Founder, President and Chief Financial Officer.
As a reminder, before we begin, today’s discussion contains forward-looking statements about the company’s future business and financial performance. These are based on management’s current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in the documents the company has filed and furnished with the SEC, including today’s shareholder letter. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call.
And during this call, the company will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in today’s shareholder letter and the most recently filed annual report on Form 10-Q. These items can be found on the Investor Relations section of CLEAR’s website.
With that, I’ll turn the call over to Caryn. Caryn?
Caryn Seidman-Becker
Good morning, and thank you for joining us. At CLEAR, identity is foundational. Whether you’re getting on a plane or logging into your bank account, people expect frictionless, trusted and secure experiences now more than ever. This year, we have focused on three core areas, improving the member experience, scaling TSA PreCheck and scaling CLEAR Verified. We are making strong progress across the Board, and I am excited for the foundational partnerships announced this quarter, laying the
