NEWS: ER
Pineapple Financial Inc. Announces 20.43 Percent Revenue Growth in Fiscal 2024 Third Quarter Ended May 31, 2024
Positive
Revenue increased by 20.43% to $736,448 in Q3 fiscal 2024
Residential mortgage loans generated grew by 22.72% to $377.64 million in Q3
SG&A expenses decreased by 29.62% to $491,666 in Q3
Nine-month revenue improved by 1.73% to $1,971,377
Residential mortgage loans for nine months increased by 12.13% to $1,083.771 million
Revenue increased by 20.43% to $736,448 in Q3 fiscal 2024
Residential mortgage loans generated grew by 22.72% to $377.64 million in Q3
SG&A expenses decreased by 29.62% to $491,666 in Q3
Nine-month revenue improved by 1.73% to $1,971,377
Residential mortgage loans for nine months increased by 12.13% to $1,083.771 million
Negative
Net loss increased by 4.99% to $848,605 in Q3 fiscal 2024
Nine-month net loss increased to $2,379,444 from $2,211,981 in the previous year
Cash position decreased by $645,296 to $1,052,207 as of May 31, 2024
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