Clear Secure rises on Q2 revenue outlook, $100 mln stock buyback plan

CLEAR Secure

16/05/2022 13:28

** Shares of biometric security firm  YOU.N  up 4.4% at
$19.50 premarket
    ** YOU expects Q2 revenue between $99 mln and 101 mln, above
analysts' avg. estimate of $93.9 mln - Refinitiv IBES data
    ** Co also announces $100 million share repurchase
authorization
    ** ** "We remain bullish on the travel recovery as there is
significant pent-up demand for experiences such as travel" - YOU
(https://bit.ly/3Mk2vJw)
    ** Says Q1 revenue jumps 79.1% to $90.5 mln; beats estimate
of $88.3 mln 
    ** Posts Q1 loss smaller than analysts' expectations
    ** Co says total cumulative enrollments of 11.8 million were
up 112% year-over-year
    ** YOU down ~10% this year, as of last close

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))