On this page of StockholderLetter.com we present the latest annual shareholder letter from InnovAge Holding Corp. — ticker symbol INNV. Reading current and past INNV letters to shareholders can bring important insights into the investment thesis.
• 
10/25/2024 Letter Continued (Full PDF)
•
10/27/2023 INNV Stockholder Letter
• More "Diagnostics" Category Stockholder Letters
•
INNV Benford's Law Stock Score = 98
10/25/2024 Letter Continued (Full PDF)
•
10/27/2023 INNV Stockholder Letter•
More "Diagnostics" Category Stockholder Letters•
INNV Benford's Law Stock Score = 98INNV Shareholder/Stockholder Letter Transcript:
ANNUAL REPORT 2024 DECADES OF DEDICATION, A Lifetime of Care. PACE Program of All-inclusive Care for the Elderly ANNUAL REPORT 2024 Annual Meeting The Annual Meeting will be held on Thursday, December 5, 2024 at 9:00 AM ET, via live audio webcast at ZZZ YLUWXDOVKDUHKROGHUPHHWLQJ FRP ,119 Stockholders will be able to submit questions and vote electronically during the meeting by logging in using the 16-digit control number included on the Notice of Internet Availability of Proxy Materials, proxy card or voting instruction form. Board of Directors James Carlson Chair of the Board Patty Fonteneau Director Teresa Sparks Director John Ellis Bush Director Ted Kennedy, JU Director Marilyn Tavenner Director Andrew Cavanna Director Thomas Scully Director Richard Zoretic Director Richard Feifer Chief Medical Officer Nicole D Amato Chief Legal Officer and Corporate Secretary Executive Officers Patrick Blair President and Chief Executive Officer Benjamin Adams Chief Financial Officer Common Stock Listed (INNV) NASDAQ Stock Exchange Christine Bent Chief Operating Officer Independent Accountants Deloitte & Touche LLP 1601 Wewatta Street, Suite 400 Denver, CO 80203 (303) 292-5400 www.deloitte.com Transfer Agent Equiniti Trust Company LLC Attn: Shareholder Services 55 Challenger Road , Floor 2 Ridge eld Park, NJ 07660 Phone: (800) 937-5449 or (718) 921-8124 Email: helpAST@equiniti.com Website: www.equiniti.com 2024 We deliver comprehensive, personalized care which includes all Medicare and Medicaid services As of 06/30/2024 We believe we can deliver better health outcomes, improved quality, and increased satisfaction while lowering costs in review We leverage a comprehensive care model, integrating multiple streams of resources, to enable individuals to live in their homes and communities WE SERVE APPROXIMATELY 7,020 AND HAVE FOR MORE THAN PARTICIPANTS 35 YEARS WE OPERATE 20 NEIGHBORHOOD CARE CENTERS Addressable Lives (1) $260bn Addressable Market Opportunity (2) 6 STATES $764mm 2.3mm IN FY2024 Total Revenue $132mm Center-Level Contribution Margin(3) $16.5mm Adjusted EBITDA 2.2% Adjusted EBITDA Margin (3) (3) (1) Based on company estimates on data from the U.S. Census Bureau from 2018, which are subject to change. See Cautionary Note About Forward-Looking Statements in the attached Form 10-K. (2) Based on internal estimates based on our estimated market of approximately 2.3 million PACE eligible in the United States in 2023. (3) Center-level Contribution Margin, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Effective for the year ended June 30, 2024, the Company has revised its calculation of Adjusted EBITDA and has recast the presentation for the year ended June 30, 2023 to conform to the current presentation. For more details and for a de nition and reconciliation of these non-GAAP measures to the most closely comparable GAAP measures for the periods indicated, see Note Regarding Use of Non-GAAP Financial Measures and Reconciliation of GAAP and Non-GAAP Measures. in the attached Form 10-K.