Clear Secure, Inc. (NYSE:YOU) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET
Company Participants
Caryn Seidman-Becker - Co-Founder, Chairman and Chief Executive Officer
Ken Cornick - Co-Founder, President and Chief Financial Officer
Conference Call Participants
Dana Telsey - Telsey Advisory Group
Joshua Reilly - Needham & Company
David Engel - Wells Fargo
Paul Chung - JPMorgan
Ananda Baruah - Loop Capital
Operator
Good morning and welcome to Clear's Fiscal First Quarter 2023 Conference Call. We have with us today, Caryn Seidman-Becker, Co-Founder, Chairman and Chief Executive Officer; and Ken Cornick, Co-Founder, President and Chief Financial Officer.
As a reminder, before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in the company's reports and on file with the SEC, including today's shareholder letter. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call.
During this call, the company will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in today's shareholder letter in the most recently filed annual report on Form 10-Q. These items can be found on the Investor Relations section of Clear's website.
With that, I would like to turn the call over to Caryn.
Caryn Seidman-Becker
Good morning, and thank you for joining us for our first quarter 2023 earnings call. At CLEAR, we believe identity is the key to transforming customer experiences, both physically and digitally.
We also believe trust is the oxygen the digital world needs to thrive as the world has moved online and anonymity is the new norm. The opposite of an anonymity is authenticated identity. The acceleration of the digital world has increased the sense of urgency to get identity right.
When CLEAR LinkedIn and its parent company, Microsoft, came together to explore how we could join forces to enhance digital trust and safety at scale, we aligned on a shared vision to strengthen and democratize trust across the world's largest professional network through stronger connections, better conversations and improved outcomes.
Through our recently launched partnership, we are empowering LinkedIn's over 200 million US users to verify their identity on their profile using CLEAR for free. Together, we are making it safer and easier for people to find jobs, connect and build community. Verified profiles provide a holistic understanding of those users' professional identities.