Click announced the CEO Statement

Rhea-AI Summary

Click Holdings (NASDAQ: CLIK) reported significant achievements for 2024 and outlined its vision for 2025. The company completed its Nasdaq IPO, raising US$5.6 million. Click projects a 40% overall revenue growth for 2024, with nursing services reaching over 170,000 service hours (60% growth) and logistics solutions segment expecting 90% growth.

The company entered a partnership with Care U Professional Nursing Service to participate in the government-sponsored CCSV scheme for senior care services in Hong Kong. Looking ahead, Click plans to expand into smart home solutions for seniors under the leadership of CTO Nixon Chau, former GM of SenseTime Group. The company aims to extend its services to property management, food and beverages, and retail sectors to address labor shortages in Hong Kong.

Positive

• Successfully raised US$5.6M through Nasdaq IPO
• Projected 40% overall revenue growth in 2024
• Logistics solutions segment expecting 90% growth
• Nursing services achieved 170,000 service hours (60% growth)
• Strategic partnership with Care U Professional Nursing Service for government CCSV scheme

Negative

• None.

Insights

Financial Analyst

Click Holdings' 2024 performance reveals a compelling growth trajectory in Hong Kong's human resources sector, with particularly strong momentum in logistics solutions showing a 90% growth rate. The $5.6M IPO, while modest, provides initial working capital for their expansion strategy. Their focus on the senior care market is strategically sound, given Hong Kong's rapidly aging population - with nearly 20% of residents over 65 by 2025.

The partnership with Care U Professional to participate in the government-sponsored CCSV scheme represents a significant opportunity to secure stable, recurring revenue streams. Government-backed healthcare initiatives typically offer more predictable cash flows and reduced customer acquisition costs compared to private sector services.

However, investors should note several key considerations: First, the relatively small IPO raise may necessitate additional funding rounds if aggressive growth continues, potentially leading to dilution. Second, while the 40% projected revenue growth is impressive, the company will need to demonstrate efficient scaling of operations while maintaining margins, particularly in the labor-intensive nursing segment.

The planned expansion into smart home solutions for seniors, led by former SenseTime executive Nixon Chau, could provide valuable technological differentiation in a traditionally low-tech industry. This tech integration may help improve service delivery efficiency and create barriers to entry, though development costs need careful monitoring.

Market Research Analyst

The convergence of Hong Kong's aging demographics and evolving workforce preferences creates a uniquely favorable market environment for Click Holdings. With unemployment at 3%, the rise of freelance and 'slasher' careers reflects a fundamental shift in labor market dynamics that aligns perfectly with Click's business model.

The company's strategic positioning in senior care is particularly noteworthy given Hong Kong's demographic trajectory. The territory's elderly population is expected to double by 2040, creating sustained demand growth for nursing services. The 60% growth in service hours (170,000 hours in 2024) demonstrates strong market penetration.

The planned expansion into property management, F&B and retail sectors addresses critical labor shortage areas in Hong Kong's service economy. This diversification strategy reduces sector-specific risks while leveraging existing infrastructure and client relationships. The company's status as the only Nasdaq-listed senior nursing HR solution provider in Hong Kong provides unique access to capital markets for funding expansion.

Hong Kong, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Today, Click Holdings Limited (NASDAQ: CLIK) (“Click” or the “Company” or “we” or “our”), a fast-growing human resources solutions provider based in Hong Kong, would like to share the joy and happiness of the Lunar Chinese New Year with all our shareholders, customers and business partners. As we drew a close to the Year of Dragon, our CEO, Mr. Chan Chun Sing, Jeffrey would like to report to you our numerous key achievements in 2024 and share his visions for the year ahead.

“2024 was a remarkable year for Click.” said Jeffrey, founder and CEO of Click. “Not only did we accomplish the historical public listing by raising US$5.6 million on Nasdaq, we also achieved countless breakthroughs in our business.”

“We experienced significant growth across all segments. As for the seniors nursing solution services, we achieved a record of over 170,000 service hours in calendar year 2024, expecting a growth of 60% as compared to that of 2023. In particular, we project our logistic solution services would record a spectacular growth of 90%. To further extend our coverage, in December 2024, we entered a cooperation agreement with Care U Professional Nursing Service Limited, one of the leading nursing service providers in Hong Kong, in order to tap into the prominent government-sponsored CCSV scheme aiming to provide community care services to senior citizens in Hong Kong.”

Key 2024 Achievements

- Strong growth in revenue – projected 40% surge in overall revenue in calendar year 2024 compared to that of 2023. We project both our nursing and logistics solutions segment recorded strong growth of 30% and 90% respectively.

- Successfully raised US$5.6M of capital from listing

- Tapping into home seniors nursing service through government-sponsored CCSV scheme

Outlook for 2025 and Beyond

“While unemployment rate in Hong Kong stays low at around 3%, a change in working habit such as freelancers and slashers, is believed to be permanent. Therefore, we continue to expect high demand of human resources outsourcing services in the market. Meanwhile, as aging population becomes a global phenomenon, we will continue to invest big in the seniors nursing solution sector. We will expand our collaboration with business partners and may consider M&A options when opportunities arise.”

“Furthermore, embracing technology has always been a key to our success. Our CTO, Nixon Chau, former GM of SenseTime Group, a leading AI software company, will lead our team to expand into the smart home solutions market for seniors in Hong Kong. Needless to say, we will continue to invest in expanding our talent pool which has been the bedrock to our business, and will extend services to cover property management, food and beverages, and retailing, sectors all currently facing labour shortages in Hong Kong. We are currently the only Nasdaq-listed company focusing on seniors nursing HR solution in Hong Kong and will continue to sustain strong growth by providing a convenient platform to connect our talents with our clients’ HR shortfall.”

“Looking ahead, I remain fully confident in all our business developments and I hope you feel the same. Last but not least, on behalf of Click, I would like to extend our warmest greetings to all our shareholders, customers and business partners, Kung Hei Fat Choy, wish you Good Health and Good Fortune in the Year of Snake ahead.” said Jeffrey.

About Click Holdings Limited

We are a fast-growing human resources solutions provider based in Hong Kong, aiming to match our client’s human resources shortfall through our proprietary AI-empowered talent pool by one “click”. Our key businesses primarily include nursing solution (mainly seniors) services, logistics solution services and professional solution services.

For more information, please visit https://clicksc.com.hk.

Safe Harbor Statement

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

For enquiry, please contact:

Click Holdings Limited
Unit 709, 7/F., Ocean Centre
5 Canton Road
Tsim Sha Tsui, Kowloon
Hong Kong
Email: jack.wong@jfy.hk
Phone: +852 2691 8200

FAQ

What was CLIK's projected revenue growth for 2024?

Click Holdings (CLIK) projected a 40% surge in overall revenue for calendar year 2024 compared to 2023, with nursing solutions growing 30% and logistics solutions growing 90%.

How much capital did CLIK raise from its Nasdaq listing in 2024?

Click Holdings (CLIK) successfully raised US$5.6 million through its Nasdaq public listing in 2024.

What was CLIK's nursing service performance in 2024?

Click Holdings achieved a record of over 170,000 service hours in its seniors nursing solution services during 2024, representing a 60% growth compared to 2023.

What new market is CLIK planning to expand into for 2025?

Click Holdings plans to expand into the smart home solutions market for seniors in Hong Kong, led by CTO Nixon Chau, former GM of SenseTime Group.

Which strategic partnership did CLIK establish in December 2024?

In December 2024, Click Holdings entered a cooperation agreement with Care U Professional Nursing Service to participate in the government-sponsored CCSV scheme for senior care services in Hong Kong.