Clear Secure, which provides biometric screening technology to help people zip through airport security, reported an increase in revenue Monday that it credited to a recovering travel sector.
The company’s total revenue grew to $67.6 million in the third quarter, which ended Sept. 30, up 20% year-over-year. Total bookings grew to $99.3 million, up 89% year-over-year. On the other hand, Clear still posted a net loss of $32.8 million.
“We’re seeing a strong return to travel,” said Ken Cornick, the chief financial officer of Clear.
Clear went public in June and reported quarterly earnings for the second time as a public company Monday. Despite the spread
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