Welcome to our dedicated page for Pineapple Financial news (Ticker: PAPL), a resource for investors and traders seeking the latest updates and insights on Pineapple Financial stock.
Pineapple Financial Inc. (PAPL) is a leading Canadian mortgage technology and brokerage firm revolutionizing the industry through cloud-based solutions and AI-driven tools. This news hub provides investors and professionals with centralized access to official company announcements and strategic updates.
Track key developments including earnings reports, product launches, partnership agreements, and leadership changes. Our curated collection ensures timely access to verified information directly from the company, supporting informed decision-making in the dynamic fintech sector.
Explore updates spanning mortgage technology innovations, brokerage network expansions, insurance product developments, and operational efficiency milestones. The platform serves as an essential resource for understanding Pineapple Financial's market position and technological advancements.
Bookmark this page for convenient access to PAPL's latest financial communications and industry insights. Regularly updated content provides stakeholders with reliable perspective on the company's progress within Canada's evolving mortgage landscape.
Pineapple Financial Inc. (NYSE: PAPL) has reported strong financial results for the six months ended February 28, 2025. The company achieved a 15.2% increase in gross billings to $9.33 million and an 11.8% revenue growth to $1.51 million compared to the prior year.
Key financial highlights include a 47% improvement in cash flow with operating activities cash usage reduced to $836,228, and a 3.6% reduction in SG&A expenses to $995,190. The net loss improved to $1.25 million from $1.53 million in the previous year. For Q2 2025, gross billings rose 19.6% to $4.52 million, while net loss narrowed by 9.4% to $595,449.
The company demonstrated significant cost optimization with a 27.7% decrease in salaries and wages and a 62.1% reduction in marketing expenses. Management expects continued growth opportunities from increasing mortgage renewal volumes in Canada over the next 24 months.
Pineapple Financial Inc. (NYSE American: PAPL) reported strong financial results for Q1 FY2025 ended November 30, 2024. The company achieved 34.6% revenue growth to $766,074, up from $569,355 year-over-year, driven by increased customer demand and enhanced service offerings.
The company's net loss decreased by 26.8% to $656,894, compared to $897,757 in Q1 FY2024. Cash position strengthened to $619,581, while total assets reached $4,137,152. Operating expenses were $1,459,589, reflecting investments in advertising, marketing, and technology.
During the quarter, Pineapple raised $566,930 in additional share capital and invested $282,298 in intangible assets. The company maintains its trajectory toward profitability, targeted for April 2025, supported by operational efficiency improvements and strong market demand in the Canadian mortgage industry.
Pineapple Financial Inc. (NYSE: PAPL) reported a 7.5% increase in net revenue to $2.69 million for fiscal year 2024, compared to $2.50 million in 2023. The company's growth was driven by expanding subscription services and strong mortgage sales. Total gross billings reached $16.26 million, up from $15.03 million. The company successfully completed an IPO on NYSE American, raising $3.5 million, and launched a new insurance vertical through Industrial Alliance.
Early fiscal 2025 shows accelerated growth with Q1 (September-November 2024) reporting 13.3% YOY volume growth, 13.9% YOY gross billing growth, and 20.8% YOY net revenue growth. The company expects to achieve ongoing monthly profitability by April 2025.
Pineapple Financial (NYSE American: PAPL) has announced a strategic partnership with Bank of Montreal (TSX: BMO) through BMO's new BrokerEdge™ initiative. This collaboration enables Pineapple's network of agents to access BMO's home financing solutions, expanding their service capabilities in Canada's $1.8 trillion mortgage market. The partnership leverages Pineapple's technology platform to streamline broker services and is expected to drive revenue growth by increasing mortgage origination volume. This alliance comes at a time when Canada's mortgage broker channel is experiencing significant growth, particularly among first-time homebuyers.
Pineapple Financial (NYSE: PAPL), a Canadian tech-focused mortgage brokerage, has closed a registered direct offering raising $1 million in gross proceeds. The offering consisted of 1,666,667 common shares and pre-funded warrants, priced at $0.60 per share (or $0.5999 per pre-funded warrant). D. Boral Capital served as the exclusive placement agent. The offering was conducted under a shelf registration statement on Form S-3 that was declared effective by the SEC on October 29, 2024.
Pineapple Financial (NYSE: PAPL), a Canadian tech-focused mortgage brokerage, has announced a registered direct offering of approximately $1.0 million worth of common shares at $0.60 per share to an institutional investor. The offering, expected to close around November 15, 2024, will generate gross proceeds of approximately $1.0 million before deducting placement agent fees and expenses.
D. Boral Capital serves as the exclusive placement agent, with Sichenzia Ross Ference Carmel LLP acting as U.S. legal counsel. The offering is made pursuant to an effective S-3 registration statement filed with the SEC on October 29, 2024.
Pineapple Financial (NYSE American: PAPL) has launched Renewals+, an enhancement to its PineappleONE platform, designed to optimize mortgage renewals and boost customer loyalty. The platform leverages data analytics and personalization tools to target Canada's $300 billion mortgage renewal market. Key achievements include a 20% increase in annual renewals and a repeat business rate 30% higher than industry standards. The platform features predictive analytics for proactive client engagement, tailored communication tools, and automated reminders to streamline the renewal process.
Pineapple Financial (NYSE: PAPL), a Canadian tech-focused mortgage brokerage, has announced a $1.0 million registered direct offering of common shares through a securities purchase agreement with an institutional investor. The offering is expected to close around November 15, 2024, with D. Boral Capital serving as the exclusive placement agent. The gross proceeds are estimated at $1.0 million before deducting placement agent fees and offering expenses. The offering is being made under a shelf registration statement previously declared effective by the SEC.
Pineapple Financial Inc. (NYSE American: PAPL) announces the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its Canadian presence. The company reports that affiliate brokers generated 36.8% of total funded volume and revenue in 2023. With 25 independently licensed firms utilizing Pineapple's white-label solutions, the company achieved record agent growth in October with an 82% year-over-year increase. This growth is supported by improving consumer sentiment and favorable interest rate adjustments. The expansion strengthens Pineapple's position in leveraging AI and data-driven solutions for mortgage services.
Pineapple Financial (NYSE American: PAPL) announces Pineapple XChange 2024, a networking and educational event for real estate and mortgage professionals, scheduled for November 6, 2024, at Paramount Eventspace in Woodbridge, Ontario. The event features keynote speaker Paul Baron, owner of C21 Leading Edge and former TRREB President, who will provide market updates and growth strategies. The agenda includes expert panel discussions, a lender partner tradeshow, and presentations on tech updates, housing market outlook, and industry trends. The full-day program runs from 8:00 AM to 4:00 PM, offering opportunities for attendees to connect with industry leaders and gain insights into the 2025 market landscape.
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