Pineapple Financial Inc. Stock Price, News & Analysis

Pineapple Financial Inc. (NYSE: PAPL) has announced a strategic partnership with Canadian Protection Plan (CPP) to expand its Pineapple Insurance division. The collaboration will enhance the company's life, creditor, and disability insurance offerings for mortgage clients. This expansion taps into a significant market opportunity, with the Canadian life and health insurance sector generating $122 billion CAD in premiums in 2022 and projected to grow at 4.5% annually through 2027. The partnership leverages the potential of 700,000 new mortgages issued annually and nearly 47% of mortgages set to renew within three years. Building on Pineapple Insurance's successful launch earlier this year, this partnership aligns with recent regulatory changes requiring insurance offers for all mortgage applications. The company operates as a licensed Managing General Agent in Ontario, Manitoba, British Columbia, and Alberta, strengthening its position in the Canadian mortgage and financial services sector.

Pineapple Financial (NYSE: PAPL) has launched Pineapple+, a proprietary end-to-end broker platform that consolidates key operational functions including CRM, deal processing, document management, and marketing automation. The platform is expected to eliminate nearly $1 million in annual costs by reducing third-party technology and licensing expenses. Pineapple+ maintains selective third-party integrations only for specialized areas like compliance and payroll. The cost savings will be fully reflected starting May 2025, aligning with the company's profitability goals. The platform aims to drive revenue growth through enhanced broker productivity, improved client retention, and advanced AI capabilities. Management views this as a transformational milestone that strengthens their competitive position in Canada's mortgage sector.

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.