v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 67,558 $ 56,375 $ 173,294 $ 177,641
Operating expenses:        
Cost of revenue share fee 9,926 8,298 25,995 25,707
Cost of direct salaries and benefits 18,128 7,751 46,113 31,504
Research and development 13,347 6,297 33,293 23,358
Sales and marketing 9,949 3,291 25,806 11,479
General and administrative 44,816 17,734 116,290 97,532
Depreciation and amortization 3,988 2,322 9,190 6,945
Operating income (loss) (32,596) 10,682 (83,393) (18,884)
Other income (expense)        
Interest income (expense), net (120) (12) (333) 657
Other income (expense), net (11) 477 (11) 477
Income (loss) before tax (32,727) 11,147 (83,737) (17,750)
Income tax expense (60) (4) (277) (14)
Net income (loss) (32,787) $ 11,143 (84,014) $ (17,764)
Less: net income (loss) attributable to non-controlling interests (15,872)   (65,095)  
Net loss attributable to Clear Secure, Inc. $ (16,915)   $ (18,919)  
Common Class A        
Net loss per common share, basic:        
Basic (in USD per share) $ (0.23)   $ (0.26)  
Diluted (in USD per share) $ (0.23)   $ (0.26)  
Weighted- average shares outstanding        
Basic (in shares) 72,285,100   72,124,741  
Diluted (in shares) 72,285,100   72,124,741  
Common Class B        
Net loss per common share, basic:        
Basic (in USD per share) $ (0.23)   $ (0.26)  
Diluted (in USD per share) $ (0.23)   $ (0.26)  
Weighted- average shares outstanding        
Basic (in shares) 1,042,234   1,042,234  
Diluted (in shares) 1,042,234   1,042,234  

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