Pineapple Financial Inc. Stock Price, News & Analysis

Pineapple (NYSE American: PAPL) anticipates significant growth opportunities as the Bank of Canada (BoC) is expected to implement interest rate cuts, potentially lowering the overnight rate to 2.75% by mid-2025. This shift is driven by easing inflationary pressures and stabilizing economic conditions. The Canadian mortgage market could see a 10-15% increase in mortgage origination volume over the next 12-18 months, with 5-year fixed mortgage rates potentially dropping below 4%.

Pineapple aims to capitalize on this trend by focusing on data-driven decision-making and strategic customer engagement, particularly targeting the upcoming wave of mortgage renewals. The company projects a 20-25% growth in mortgage origination volume over the next two years, with a corresponding increase in revenue. This growth is expected to strengthen Pineapple's market position and deliver value to shareholders.

Pineapple Financial Inc. (NYSE American: PAPL) reported significant success with its PineappleONE platform, designed to streamline mortgage processing. Key findings include:

• 32% reduction in deal processing time
• 22.72% growth in mortgage loan volumes, reaching $377.64 million in Q3 fiscal 2024
• 20.43% increase in revenue, totaling $736,448 in Q3 fiscal 2024

Brokers fully adopting PineappleONE saw individual loan volumes increase by an average of 28%, with some top performers reporting a 37.5% reduction in time spent per transaction. The company plans to introduce AI-driven tools to further optimize lead management and client retention.

Pineapple Financial Inc. (NYSE American: PAPL) has launched a real-time insights module within its PineappleONE deal management system. This advancement is expected to drive significant growth in Pineapple's gross revenue and net profit margin over the next 12 months. The system leverages advanced analytics to automate complex mortgage calculations, enabling brokers to provide personalized solutions and enhance client experience.

The timing is important as Canada's mortgage market faces a surge in renewals, with 13% of mortgages renewing in 2024, 23% in 2025, and 31% in 2026. PineappleONE's enhanced capabilities position the company to capitalize on this trend, potentially increasing deal closures, client retention, and market share.

Pineapple Financial Inc. (NYSE American: PAPL) reports significant results from its Pineapple Counsellor Program, showing a potential increase in gross billing margin from 7.94% to 34.8%. Despite industry challenges, the company has maintained growth with 60% and 20% year-over-year revenue increases in the past two quarters. The program has funded over $87.5 million in volume USD, representing 2.53% of overall volume and increasing overall margins from 7.94% to 8.68%.

Key achievements include 43,000 new client opportunity leads uploaded and a 130% higher close rate for enrolled agents compared to non-enrolled counterparts in Fiscal 2023. The program's success is attributed to personalized mentoring, innovative technology, and a focus on efficiency and accountability.

Pineapple Financial Inc. (NYSE American: PAPL) reports on the Bank of Canada's recent 0.25% interest rate cut to 4.5%, marking a pivotal shift in the $2.1 trillion Canadian mortgage market. This reduction, the second consecutive cut, aims to stimulate economic activity and ease borrowing conditions after a prolonged period of tight monetary policy.

Key points:

• 76% of Canadian mortgages will mature by 2027, presenting significant opportunities for mortgage providers.
• A 0.25% rate cut could save homeowners about $95 monthly on an average $696,179 home.
• CREA projects robust housing market recovery in 2025, with sales reaching 501,902 units and average prices rising to $729,319.
• Canada's annual immigration targets of over 400,000 new residents will boost housing demand.
• Pineapple's advanced platform and growing user base position it to capitalize on market changes and drive shareholder value.

Pineapple Financial Inc. (NYSE American: PAPL) has partnered with Walnut Insurance to integrate Property and Casualty (P&C) insurance into its PineappleONE deal management system. This collaboration taps into the CAD 85 billion P&C insurance market, offering a streamlined experience for homebuyers. Key highlights include:

- The Canadian mortgage market is valued at over CAD $2.1 trillion
- Pineapple's client base has grown by 35% year-over-year
- PineappleONE is projected to reduce mortgage closing time by 20%
- Brokers can now easily shop for property insurance across multiple providers
- The integration addresses common challenges like insurance decision delays

This partnership aims to enhance the digital mortgage experience, simplify insurance acquisition, and provide additional revenue streams for Pineapple brokers.

Pineapple Financial Inc. (NYSE American: PAPL) reported a 20.43% revenue increase to $736,448 in Q3 fiscal 2024, compared to $603,231 in Q3 fiscal 2023. The company generated $377.64 million in residential mortgage loans, a 22.72% increase year-over-year. Despite revenue growth, Pineapple recorded a net loss of $848,605, or $(0.12) per share, slightly higher than the previous year's loss. SG&A expenses decreased by 29.62% to $491,666. For the first nine months of fiscal 2024, revenue improved by 1.73% to $1,971,377, with a 12.13% increase in residential mortgage loans to $1,083.771 million. The company's cash position decreased to $1,052,207 as of May 31, 2024.

Pineapple Financial (NYSE American: PAPL), a tech-focused mortgage brokerage, will participate in the 3rd Annual Investor Clubhouse at the RBC Canadian Open from May 30 to June 2, 2024, at the Hamilton Golf & Country Club in Ontario. The event, hosted by Investor.Events, will gather nearly 100 companies and key figures from the financial sector. Pineapple CEO Shubha Dasgupta will engage in one-on-one meetings with finance professionals and accredited investors on May 31, from 10:30 AM to 3:30 PM, focusing on the company's recent advancements in the mortgage brokerage industry. Detailed event and registration information are available at Investor.Events Investor Clubhouse 2024.

Pineapple Financial (NYSE: PAPL), a tech-focused mortgage brokerage, will present at the Centurion One Capital 5th Annual LA Summit at The Beverly Hills Hotel from June 5-6, 2024.

CEO Shubha Dasgupta will present on June 5th at 2:10 PM PDT, and Christa Mitchell, Chief Strategy Officer, will join a panel on scaling a business in 2024 on June 6th at 2:50 PM PDT.

The summit features public and private companies presenting to top venture capital, family office, private equity firms, high-net-worth individuals, and institutional investors from Canada, the U.S., and abroad.