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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pineapple Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pineapple Financial's position in the market.
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Pineapple Financial Inc. (NYSE American: PAPL) expands its presence in Canada with the opening of an office in Ottawa, anticipating significant revenue and volume growth. The company's CEO highlights Ottawa's stable economy and growing technology sector as key factors driving the expansion.
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End-of-Day
17.1%
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Rhea-AI Summary
Pineapple Financial Inc. (PAPL) reported a net loss of $2,809,036 on revenue of $16,434,100 for the fiscal year 2023, a 19% decrease from the previous fiscal year. The company's net loss was marginally reduced due to an 18% decrease in expenses. Cash on hand reduced to $720,365 from $3,896,840, primarily due to working capital and capital expenditures. However, the company received IPO gross proceeds of approximately $3.5 million. Pineapple plans to increase market share in 2024 through technological innovation, strategic expansion, and a streamlined online mortgage application. The company also expects profitability in fiscal 2024 and is exploring the initiation of a stock buy-back program in the next six to twelve months.
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End-of-Day
11.25%
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Pineapple Financial Inc. (NYSE American: PAPL) is hosting a conference call on December 15, 2023, to discuss its Fiscal Year 2023 financial results. The company is a tech-focused mortgage brokerage with a network of partner brokerages and agents across Canada.
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End-of-Day
-9.81%
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Pineapple Financial Inc. (NYSE American: PAPL) announces CEO Shubha Dasgupta's selection for CMP's 2023 Mortgage Global 100 award and CSO Christa Mitchell's Top 50 Women of Influence award. The company also received several industry titles in 2023, including being ranked Number 27 on the 2023 Report on Business Ranking of Canada's Top-Growing Companies.
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End-of-Day
6.47%
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Pineapple Financial Inc. (NYSE American: PAPL) has deployed a new online application system to simplify the mortgage process for borrowers and benefit the company by offering over 400 customizable variations for brokers. The system is expected to attract additional customers, enhance data management, and improve security and compliance capabilities.
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End-of-Day
43.29%
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Pineapple Financial Inc. (NYSE American: PAPL) expands into Western Canada with a new office in Metro Vancouver, British Columbia, projecting a 10% increase in gross revenue and $300 million CAD in new mortgage origination. The company has added 50 new mortgage professionals to its Western Canada network and achieved a three-year growth rate of 1,452 percent, earning recognition on the Globe and Mail's Report on Business Top Growing Companies list for 2023.
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50.68%
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Pineapple Financial Inc. (PAPL) is set to participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference and the Sidoti Small Cap Conference in December 2023. The company will present at both events, aiming to showcase its tech-focused mortgage brokerage and integrated network of partner brokerages and agents across Canada.
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End-of-Day
-2.16%
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Pineapple Financial Inc. (PAPL) achieved a three-year growth of 1,452 percent, securing the No. 27 spot on the Report on Business 2023 Ranking of Canada's Top Growing Companies. The company, a tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across Canada, has been acknowledged for its innovative technology and focus on people and partnerships. Pineapple Financial's CEO, Shubha Dasgupta, expressed immense pride in the company's achievement, emphasizing determination, vision, and the potential for limitless possibilities in the future. The company was also recognized with the Award for Digital Innovation in a Brokerage at the Canadian Mortgage Awards and was named one of Canadian Mortgage Professional's Top Mortgage Employers for 2023.
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4.12%
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Pineapple Financial Inc. (NYSE American: PAPL) made history by becoming the first Canadian mortgage brokerage to launch an IPO on the NYSE American. The capital raised will fund growth initiatives, R&D, new products, technology innovations, and geographic expansion. This includes expanding into every province in Canada, adding insurance as a product offering, and exploring new avenues of AI and machine learning. The decision to go public reflects Pineapple's vision to expand market reach, accelerate growth initiatives, and capitalize on new opportunities.
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28.52%
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Pineapple Financial Inc. (PAPL) has retained Skyline Corporate Communications Group, LLC to manage investor relations and corporate communications activities. This move follows the company's recent IPO on the NYSE American stock exchange and aims to enhance its investor base and communicate upcoming milestones and company developments. The company plans to utilize the IPO proceeds for technology improvement, subsidiary development, and business expansion in Canada and North America.
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Rhea-AI Sentiment
End-of-Day
-2.34%
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Pineapple Financial Inc
NYSE:PAPL
PAPL Rankings
PAPL Stock Data
9.19M
3.75M
57.85%
0.25%
1.06%
Mortgage Finance
Financial Services
United States of America
NORTH YORK