annual shareholder letters

Annual shareholder letters are formal communications that companies send to their shareholders once a year, usually from the CEO or board of directors. These letters summarize the company's performance over the past year, discussing financial results, strategic initiatives, challenges faced, and future goals. They serve to inform shareholders about how their investment is doing and the company's direction. Additionally, these letters often reflect the company's leadership philosophy and values, helping to build trust and transparency with investors. Overall, they provide insight into the company's health and outlook.