Every material Form 8-K Clear Secure filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Clear Secure reported third-quarter 2024 revenue of $198.4 million, up 23.7% from a year earlier, and net income of $38.0 million, or $0.25 per share, compared with $0.17 per share in the third quarter of 2023. Free cash flow was negative $37.9 million, reflecting an annual outflow of approximately $182 million to its credit card partner, and the company guided fourth-quarter 2024 revenue to $202 million to $204 million.
Q3 2024 revenue $198.4 million, up 23.7%; Total Bookings $227.5 million, up 18.7%
Net income $38.0 million, or $0.25 per share, versus $26.9 million, or $0.17 per share, in Q3 2023
Free cash flow was negative $37.9 million, including an annual outflow of approximately $182 million to a credit card partner
Q4 2024 guidance: revenue of $202 million to $204 million and Total Bookings of $224 million to $226 million; full-year Free Cash Flow growth of at least 40% versus 2023
Clear Secure disclosed that Kasra Moshkani, its EVP, Verified, intends to resign to pursue other opportunities, with his departure expected to take effect on September 18, 2024. The company has started searching for a successor, and the filing gives no information on the reasons beyond his stated plans or on any financial impact.
Kasra Moshkani, EVP, Verified, informed the company of his resignation intention on August 29, 2024.
Departure expected to be effective September 18, 2024.
Moshkani joined the company in 2021; the company has initiated a search for his successor.
Clear Secure reported second-quarter 2024 revenue of $186.7 million, up 24.6% from a year earlier, and net income of $38.6 million, compared with $8.0 million in the second quarter of 2023. The company also guided to third-quarter 2024 revenue of $193 million to $195 million and Total Bookings of $220 million to $222 million, which gives shareholders a near-term outlook for growth.
Q2 2024 revenue of $186.7 million, up 24.6% year over year; Total Bookings of $197.0 million, up 12.5%
Net income of $38.6 million, or $0.26 per share basic and diluted, versus $8.0 million and $0.04 per share in Q2 2023
Q3 2024 guidance: revenue of $193 million to $195 million and Total Bookings of $220 million to $222 million
Net cash provided by operating activities of $114.6 million and Free Cash Flow of $110.1 million in Q2 2024
Clear Secure's board appointed Peter Scher as a director effective August 1, 2024, and increased the board to nine members. Scher is Vice Chairman of JPMorganChase and will serve until the 2025 annual meeting; the filing reports no financial results or guidance.
Peter Scher appointed director and Nominating Committee member, effective August 1, 2024
Board size increased to nine directors
Scher serves until the 2025 annual meeting of stockholders, or earlier departure
Compensation follows director arrangements disclosed in the April 22, 2024 proxy statement
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Clear Secure filing is on SEC EDGAR ↗. 8-K briefs of other companies →