Pineapple Financial Q3 revenue up 20.4% to $736K; net loss widens 5% to $849K

Pineapple Financial Inc.

2024-Q3 EPS reported -$0.37 vs consensus -$1.43 ▲ beat (+74.1%)

Revenue $736,448, up 20.43% YoY from $603,231; residential mortgage loans $377.64M (+22.72%).
Net loss $848,605 ($0.12 loss per share) vs $808,234 ($0.13 loss per share) in Q3 2023.
SG&A decreased 29.6% to $491,666 due to absence of IPO expenses from prior year.
Cash position $1.05M on May 31, 2024, down from $1.70M at Aug 31, 2023.
Nine-month revenue $1.97M (+1.73%); net loss $2.38M ($0.37 per share) vs $2.21M ($0.35).

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