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Stock impact report

Pineapple Financial Inc. Announces 59.04 Percent Revenue Growth in Fiscal 2024 Second Quarter Ended February 29, 2024 [Yahoo! Finance]

Pineapple Financial Inc. (PAPL) 
Company Research Source: Yahoo! Finance
partner brokerages and agents across Canada, today announced that, for its second 2024 fiscal quarter ended February 29, 2024 , the company achieved revenue of , a 59.04 percent increase as compared to revenue of for its fiscal 2023 second quarter ended February 28, 2023. Pineapple generated $314.963 million in residential mortgage loans in Q2 fiscal 2024, compared to $267.901 million in Q2 fiscal 2023, representing an increase of $47.062 million , or 17.6 percent. Selling, general and administrative expenses during the three months ended February 29, 2024 , were , a 33.3 percent increase compared to SG&A expenses of during the corresponding period in 2023. This increase was due primarily to added expansion and traveling costs. The company had a net loss of , or per share, in fiscal Q2 2024, a 4 percent decrease on the net loss of , or per share, in the corresponding quarter in fiscal 2023. For the first six months of fiscal 2024, which ended February 29, 2024 , the company had Show less Read more
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