Aaidebook Holdings Q4 2024 Shareholders Report

Written By Karl Pierre

As we wrap up 2024, Aaidebook Holdings remains focused on disciplined growth, operational refinement, and long-term value creation across our portfolio. Despite ongoing regulatory shifts and delays in our acquisition process, we ended the year with strong momentum and year-over-year financial gains.

Strategic Realignment and Portfolio Optimization

The continued dissolution of the Consumer Directed Personal Assistance (CDPA) program in New York has accelerated our decision to exit this service line. We are helping clients and staff transition into more sustainable programs while redirecting resources to service offerings that align with our core offerings.

Acquisition Update

As of the close of the periodhe acquisition of a home care agency in Queens, NY is still in progress. Due diligence findings and structural adjustments have introduced delays. However, we remain committed to closing the deal under terms that align with our strategic and financial goals.

Financial Highlights: Q4 2024 vs. Q4 2023

Total Revenue: $868,152 (up 239% year-over-year)

  • Cost of Goods Sold: $788,958 (up 251% year-over-year)

  • Gross Profit: $79,194 (up 156% year-over-year)

  • Gross Margin: 9.1% (down from 12.1% in Q4 2023)

  • Operating Expenses: $77,169 (up 36% year-over-year)

While our gross margin compressed slightly due to scaling costs and the CDPA transition, overall profitability and revenue growth reflect continued operational progress.

Software Strategy and Market Fit

  • Continued alignment with home care startups and adult day care providers

  • Expanded medical records functionality, driven by user demand

  • Increased outreach to refine product-market fit and expand user base

We are confident that our software platform will play a growing role in our earnings profile, especially as we focus on agencies seeking compliance, efficiency, and growth support.

Looking Ahead to 2025

  • Finalize the Queens acquisition and integrate operations

  • Expand adoption of OnTime ITS among home care and adult day providers

  • Fully exit the CDPA program with minimal disruption

  • Improve gross margins by reducing administrative overhead and refining service mix

For investor inquiries, please reach out to investorrelations@aaidebook.com

Karl Pierre
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Aaidebook Holdings Q3 2024 Shareholders Update