Pineapple Financials

PNPL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Pineapple (PNPL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Pineapple passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.03x

For every $1 of reported earnings, Pineapple generates $0.03 in operating cash flow (-$207K OCF vs -$7.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

-$467K

YoY+51.8%

Pineapple's EBITDA was -$467K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.8% from the prior year.

Free Cash Flow

N/A

Net Income

-$7.9M

YoY-611.1%

Pineapple reported -$7.9M in net income in fiscal year 2022. This represents a decrease of 611.1% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

Pineapple held $0 in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

71M

YoY-20.5%

5Y CAGR+2.1%

Pineapple had 71M shares outstanding in fiscal year 2022. This represents a decrease of 20.5% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PNPL Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	N/A	N/A	N/A	$15K+50.0%	$10K-98.2%	$550K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23K+13.8%	$21K-96.9%	$662K-59.2%	$1.6M+64.8%	$985K-36.8%	$1.6M
Operating Income	-$473K+51.5%	-$976K-46.1%	-$668K+58.6%	-$1.6M-64.3%	-$983K+3.2%	-$1.0M
Interest Expense	N/A	N/A	$54K+206.0%	$18K-86.4%	$129K-53.4%	$277K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$7.9M-611.1%	-$1.1M+3.8%	-$1.1M+1.7%	-$1.2M+14.4%	-$1.4M-24.1%	-$1.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q3'23	Q3'23	Q3'22	Q3'22	Q2'22	Q3'22	Q4'21
Revenue	$90	N/A	N/A	N/A	$331-48.3%	$640	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	$268-20.2%	$336	N/A	N/A
Gross Profit	-$370K-32.0%	-$280K	N/A	N/A	$63-79.3%	$304	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$29K-48.7%	$56K+9622.1%	$578	N/A	$66K-5.8%	$70K+2.7%	$68K	N/A
Operating Income	-$517K-25.3%	-$412K-510.6%	-$68K	N/A	-$126K+3.4%	-$130K-1.2%	-$129K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$517K-17.5%	-$440K-551.0%	-$68K	N/A	-$9.8M-7243.7%	$137K-63.6%	$375K	N/A
EPS (Diluted)	$-0.010.0%	$-0.01	N/A	N/A	$-0.110.0%	$-0.11	N/A	N/A

PNPL Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$30K-99.7%	$9.4M-1.1%	$9.5M-20.9%	$12.0M+1051.0%	$1.0M+35.6%	$769K
Current Assets	$27K-72.7%	$100K	N/A	$1.0M-0.5%	$1.0M+4432.1%	$22K
Cash & Equivalents	$0	$0	N/A	N/A	N/A	$22K
Inventory	$27K	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$5K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M-53.9%	$3.1M+10.5%	$2.8M-75.4%	$11.3M+111.4%	$5.3M+20.5%	$4.4M
Current Liabilities	$1.4M-53.9%	$3.1M+10.5%	$2.8M-75.4%	$11.3M+111.4%	$5.3M+20.5%	$4.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.4M-121.9%	$6.3M-6.1%	$6.7M+833.4%	$721K+116.8%	-$4.3M-17.4%	-$3.7M
Retained Earnings	-$23.5M-50.2%	-$15.7M-7.6%	-$14.6M-8.6%	-$13.4M-9.5%	-$12.3M-12.5%	-$10.9M

Metric	Q3'23	Q3'23	Q3'23	Q3'22	Q3'22	Q2'22	Q3'22	Q4'21
Total Assets	$8.1M+23.5%	$6.6M+875.4%	$673K+2166.6%	$30K+575.6%	$4K-100.0%	$10.0M+0.4%	$10.0M+6.4%	$9.4M
Current Assets	$5K-91.3%	$54K+6.7%	$51K+85.1%	$27K	N/A	N/A	$21-100.0%	$100K
Cash & Equivalents	N/A	$2K	N/A	$0	N/A	N/A	$21	$0
Inventory	$5K	N/A	N/A	$27K	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.4M+24.6%	$8.4M+295.8%	$2.1M+49.5%	$1.4M-48.5%	$2.7M-9.7%	$3.0M-4.6%	$3.2M+4.0%	$3.1M
Current Liabilities	$3.9M+29.4%	$3.0M+85.5%	$1.6M+15.6%	$1.4M-49.1%	$2.8M-8.6%	$3.0M-4.6%	$3.2M+4.0%	$3.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.3M-28.6%	-$1.8M-24.4%	-$1.5M-4.9%	-$1.4M+49.5%	-$2.7M-139.3%	$7.0M+2.7%	$6.8M+7.5%	$6.3M
Retained Earnings	-$24.6M-2.1%	-$24.0M-1.9%	-$23.6M-0.2%	-$23.5M+5.6%	-$24.9M-64.4%	-$15.2M+0.9%	-$15.3M+2.4%	-$15.7M

PNPL Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$207K-290.1%	-$53K+90.2%	-$544K-53.6%	-$354K-32.1%	-$268K-124.9%	-$119K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$57K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$176K
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	$93K
Financing Cash Flow	$207K+290.1%	$53K-90.2%	$544K+53.6%	$354K+44.0%	$246K+536.0%	$39K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q3'23	Q3'23	Q3'22	Q3'22	Q2'22	Q3'22	Q4'21
Operating Cash Flow	$121K	N/A	N/A	-$103K-5974.7%	-$2K+98.3%	-$99K-2618.8%	-$4K-144.0%	$8K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$95K	N/A
Financing Cash Flow	-$123K	N/A	N/A	$103K+5974.7%	$2K-53.4%	$4K-96.3%	$99K+1295.8%	-$8K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PNPL Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	-10774.5%-940.4pp	-9834.0%-9649.2pp	-184.8%
Net Margin	N/A	N/A	N/A	-7789.7%+5861.7pp	-13651.4%-13451.4pp	-200.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-26457.8%-26446.1pp	-11.8%+0.3pp	-12.1%-2.4pp	-9.7%+121.1pp	-130.8%+12.2pp	-143.0%
Current Ratio	0.02-0.0	0.03	N/A	0.09-0.1	0.19+0.2	0.01
Debt-to-Equity	-1.02-1.5	0.49+0.1	0.41-15.2	15.66+16.9	-1.24-0.0	-1.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	-31.9%

Metric	Q3'23	Q3'23	Q3'23	Q3'22	Q3'22	Q2'22	Q3'22	Q4'21
Gross Margin	-411006.7%	N/A	N/A	N/A	19.0%-28.5pp	47.5%	N/A	N/A
Operating Margin	-573900.0%	N/A	N/A	N/A	-38069.2%-17682.9pp	-20386.3%	N/A	N/A
Net Margin	-573900.0%	N/A	N/A	N/A	-2951475.2%-2972843.4pp	21368.1%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	2.0%-3.6pp	5.5%	N/A
Return on Assets	-6.4%+0.3pp	-6.7%+3.3pp	-10.0%	N/A	-222284.0%-222285.4pp	1.4%-2.4pp	3.8%	N/A
Current Ratio	0.00-0.0	0.02-0.0	0.03+0.0	0.02	N/A	N/A	0.00-0.0	0.03
Debt-to-Equity	-4.49+0.1	-4.63-3.2	-1.46-0.4	-1.02-0.0	-1.00-1.4	0.44-0.0	0.47-0.0	0.49
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Pineapple profitable?

No, Pineapple (PNPL) reported a net income of -$7.9M in fiscal year 2022.

What is Pineapple's EBITDA?

Pineapple (PNPL) had EBITDA of -$467K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is Pineapple's operating cash flow?

Pineapple (PNPL) generated -$207K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Pineapple's total assets?

Pineapple (PNPL) had $30K in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Pineapple have outstanding?

Pineapple (PNPL) had 71M shares outstanding as of fiscal year 2022.

What is Pineapple's current ratio?

Pineapple (PNPL) had a current ratio of 0.02 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Pineapple's debt-to-equity ratio?

Pineapple (PNPL) had a debt-to-equity ratio of -1.02 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pineapple's return on assets (ROA)?

Pineapple (PNPL) had a return on assets of -26457.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Pineapple's cash runway?

Based on fiscal year 2022 data, Pineapple (PNPL) had $0 in cash against an annual operating cash burn of $207K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Pineapple's debt-to-equity ratio negative or unusual?

Pineapple (PNPL) has negative shareholder equity of -$1.4M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Pineapple's Piotroski F-Score?

Pineapple (PNPL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pineapple's earnings high quality?

Pineapple (PNPL) has an earnings quality ratio of 0.03x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.