Clear Secure Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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(Note 15)
- Net Income (Loss) per Common Share
Below is the calculation of basic and diluted net loss per common share:
| Class A | Class B | |
|---|---|---|
| Basic: | ||
| Net income attributable to Clear Secure, Inc. | $18,622 | $184 |
| Weighted-average number of shares outstanding, basic | 91,831,639 | 907,234 |
| Net income per common share, basic: | $0.20 | $0.20 |
| Diluted: | ||
| Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic | $18,622 | $184 |
| Add: reallocation of net income (loss) to Clear Secure, Inc. to reflect dilutive impact | 57 | (1) |
| Net income attributable to Clear Secure, Inc. used to calculate net loss per common share, diluted | 18,679 | 183 |
| Weighted-average number of shares outstanding used to calculate net income per common share, basic | 91,831,639 | 907,234 |
| Effect of dilutive shares | 674,469 | — |
| Weighted-average number of shares outstanding, diluted | 92,506,108 | 907,234 |
| Net income per common share, diluted: | $0.20 | $0.20 |
| Class A | Class B | |
|---|---|---|
| Basic: | ||
| Net loss attributable to Clear Secure, Inc. | $(5,173) | $(51) |
| Weighted-average number of shares outstanding, basic | 89,555,385 | 907,234 |
| Weighted-average vested warrants | 59,406 | — |
| Weighted-average number of shares outstanding used to calculate net loss per common share, basic | 89,614,791 | 907,234 |
| Net loss per common share, basic: | $(0.06) | $(0.06) |
| Diluted: | ||
| Net loss attributable to Clear Secure, Inc. used to calculate net loss per common share, basic | $(5,173) | $(51) |
| Weighted-average number of shares outstanding used to calculate net loss per common share, basic | 89,614,791 | 907,234 |
| Effect of dilutive shares | — | — |
| Weighted-average number of shares outstanding, diluted | 89,614,791 | 907,234 |
| Net loss per common share, diluted: | $(0.06) | $(0.06) |
After evaluating the potential dilutive effect under the if-converted method, the outstanding Alclear Units for the assumed exchange of non-controlling interests were determined to be anti-dilutive and thus were excluded from the computation of diluted earnings per share.
The following tables present potentially dilutive securities excluded from the computations of diluted earnings (loss) per share of Class A and Class B common stock for the three months ended March 31, 2024 and 2023:
| Class A | Class B | |
|---|---|---|
| Exchangeable Alclear Units | 30,609,111 | 25,796,690 |
| RSU’s | 823,456 | — |
| Total | 31,432,567 | 25,796,690 |
| Class A | Class B | |
|---|---|---|
| Exchangeable Alclear Units | 36,242,191 | 25,796,690 |
| RSA’s | 60,044 | — |
| RSU’s | 4,094,124 | — |
| Total | 40,396,359 | 25,796,690 |
For the three months ended March 31, 2024, the Company has excluded 4,824,090 potentially dilutive shares from the tables above as they had performance conditions that were not achieved as of the end of the periods above.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.