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Summary
- Clear Secure is a biometric identity verification company that offers expedited airport security and identity verification services.
- The company’s share performance has been poor since going public, but there are potential catalysts for growth in 2024.
- Increase in travel demand due to lower airfares, the launch of new TSA PreCheck online renewal and bundled offering, and lower share-based compensation to potentially help drive share price momentum.
Clear Secure (NYSE:YOU) is a US-based biometric identity verification company focusing on streamlining airport security. The company’s core offering is CLEAR Plus, a subscription service offering expedited airport security. Beyond airports, CLEAR Verified empowers businesses with identity verification, virtual queuing, and credential validation tools, while their free consumer app offers additional conveniences like health documentation sharing and virtual line management.
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