Clear Secure, Inc. (YOU) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.399 Good morning, and welcome to CLIR's Fiscal First Quarter 2025 Conference Call. 00:00:05.399 -- 00:00:10.046 We have with us today Karen Seidman-Becker, Co-Founder, 00:00:10.046 -- 00:00:15.915 Chair and Chief Executive Officer, Michael Barkin, President, 00:00:15.915 -- 00:00:19.580 and Jen Hsu, Chief Financial Officer. As 00:00:19.580 -- 00:00:24.267 a reminder, before we begin, today's discussion contains forward-looking statements about 00:00:24.267 -- 00:00:28.043 the company's future business and financial performance. 00:00:28.043 -- 00:00:33.871 These are based on management's current expectations and are subject to risks and uncertainties. 00:00:33.871 -- 00:00:35.871 Factors 00:00:35.994 -- 00:00:40.540 that could cause actual results to differ materially from these statements are included 00:00:40.540 -- 00:00:45.828 in the documents the company has filed and furnished with the SEC, including 00:00:45.828 -- 00:00:48.732 today's shareholder letter. 00:00:48.732 -- 00:00:54.019 The company disclaims any obligations to update any forward-looking statements that may 00:00:54.019 -- 00:00:57.052 be discussed during this call. 00:00:57.052 -- 00:01:02.278 During this call, unless otherwise stated, all comparisons will be against the 00:01:02.278 -- 00:01:07.463 comparable period of fiscal year 2024. Additionally, the company 00:01:07.463 -- 00:01:11.287 will discuss both GAAP and non-GAAP financial measures. 00:01:11.287 -- 00:01:16.733 The reconciliation of GAAP to non-GAAP financial measures is provided in today's shareholder 00:01:16.733 -- 00:01:18.515 letter and 00:01:18.515 -- 00:01:23.107 the most recently filed quarterly report form 10-Q. 00:01:23.107 -- 00:01:28.552 These items can be found on the Investor Relations s...