Clear Secure climbs on robust Q1 revenue forecast

CLEAR Secure

23/03/2022 16:27

(Updates)
    ** Shares of biometric security firm  YOU.N  rise as much as
~24% to a three-week high of $26.91 after co forecasts Q1
revenue above estimates 
    ** Stock last up 22.8%, on course for best day since August
2021
    ** Co expects Q1 revenue between $88 mln and $89 mln, above
analysts' average expectation of $83.1 mln, per Refinitiv IBES
data  urn:newsml:reuters.com:*:nFWN2VP1A8
    ** Also expects Q1 total bookings of $103.5 mln to 104.5
million, but sees the quarter representing lowest revenue in
2022
    ** YOU also beats Q4 revenue estimates and posts a
smaller-than-expected adjusted net loss
    ** Two of six brokerages rate the stock "buy" or higher and
four "hold"; median PT $34.50
    ** Stock down ~14% since the company's June 2021 IPO price
of $31

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))