Pineapple Financial Inc. Announces 20.43 Percent Revenue Growth in Fiscal 2024 Third Quarter Ended May 31, 2024
Pineapple Financial Inc. Announces 20.43 Percent Revenue Growth in Fiscal 2024 Third Quarter Ended May 31, 2024
Toronto, Ontario--(Newsfile Corp. - July 15, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading tech-focused mortgage firm with an integrated network of partner brokerages and agents across Canada, today announced that, for its third 2024 fiscal quarter ended May 31, 2024, the company achieved revenue of $736,448, a 20.43 percent increase as compared to revenue of $603,231 for its fiscal 2023 third quarter ended May 31, 2023.
加拿大安大略省多倫多—(Newsfile Corp. - 2024年7月15日) - Pineapple Financial Inc.(美國紐交所:PAPL)是一家領先的以科技爲核心的抵押貸款公司,擁有加拿大各地合作伙伴經紀人網絡,今天宣佈,截至2024年5月31日的第三財季,公司實現營業收入736,448美元,比2023年5月31日的第三財季的603,231美元增長了20.43%。
Pineapple generated $377.64 million in residential mortgage loans in Q3 fiscal 2024, compared to $307.73 million in Q3 fiscal 2023, representing an increase of $69.91 million, or 22.72 percent.
Pineapple在2024財年第3季度的住宅抵押貸款中獲得了37764萬美元的收入,而在2023財年第3季度爲30773萬美元,增加了6991萬美元,增長了22.72%。
Selling, general and administrative expenses during the three months ended May 31, 2024, were $491,666, a 29.62 percent decrease as compared to SG&A expenses of $698,568 during the corresponding period in 2023. This decrease was due to the absence of expenses incurred last year for the preparation of our IPO. The company had a net loss of $848,605, or $(0.12) per share, in fiscal Q3 2024, a 4.99 percent increase on the net loss of $808,234, or $(0.13) per share, in the corresponding quarter in fiscal 2023.
截至2024年5月31日的最近三個月中,銷售、總務和管理費用爲491,666美元,較2023年同期的SG&A費用698,568美元減少了29.62%。這種減少是由於去年爲準備上市而發生的費用缺席。公司在2024財年第3季度的淨虧損爲848,605美元,每股虧損0.12美元,比2023財年同期的淨虧損808,234美元或每股虧損0.13美元增加了4.99%。
For the first nine months of fiscal 2024, which ended May 31, 2024, the company had revenue of $1,971,377, a 1.73 percent improvement on revenue of $1,937,923 achieved in the first nine months of fiscal 2023.
截至2024年5月31日的頭九個月,公司實現收入1,971,377美元,比2023年財年的頭九個月的營收1,937,923美元提高了1.73%。
The company generated $1,083.771 million in residential mortgage loans in the first nine months of fiscal 2024 compared to $966.531 million in the corresponding period of fiscal 2023, representing an increase of $117.24 million, or 12.13 percent.
在2024財年頭九個月中,該公司的住宅抵押貸款爲108377.1萬美元,而2023財年相應時期爲96653.1萬美元,增長了11724萬美元,增長了12.13%。
SG&A expenses in the first nine months of fiscal 2024 were $1,545,900, a 4.41 percent decrease compared to SG&A expenses of $1,617,231 during the first nine months of fiscal 2023. Pineapple had a net loss of $2,379,444, or $(0.37) per share, in the first nine months of FY 2024, compared to a net loss of $2,211,981, or $(0.35) per share, during the same period in FY2023.
在2024財年的前九個月中,銷售、總務和管理費用爲1,545,900美元,比2023財年的前九個月的SG&A費用1,617,231美元減少了4.41%。Pineapple在2024財年前九個月的淨虧損爲2,379,444美元,每股虧損0.37美元,而在FY2023同期爲2,211,981美元,每股虧損0.35美元。
The company's cash position on May 31, 2024, was $1,052,207, a decrease of $645,296 compared to a cash position on August 31, 2023, of $1,697,503.
該公司在2024年5月31日的現金狀況爲1,052,207美元,較2023年8月31日的現金狀況1,697,503美元減少了645,296美元。
Weighted average common shares outstanding were 7,181,978 on May 31, 2024, and 6,306,979 on May 31, 2023.
截至2024年5月31日,加權平均普通股股份爲7,181,978股,而2023年5月31日爲6,306,979股。
"We are very gratified by our 2024 third-quarter fiscal results," said co-founder and chief executive officer Shubha Dasgupta. "This quarter saw positive movement in the right direction from both macroeconomic and business perspectives. Although the real estate market across the country has faced challenges, positive signs have begun to emerge. The Bank of Canada has started reducing interest rates, fixed mortgage rates have dropped, and we are seeing more supply coming onto the market. Additionally, policy changes such as the introduction of 30-year amortizations for first-time homebuyers indicate a focus on helping younger Canadians enter the housing market."
“我們非常滿意我們2024年第三季度的財務業績,”創始人兼首席執行官Shubha Dasgupta說。“從宏觀經濟和商業角度來看,本季度都是朝着正確方向的積極進展。儘管整個國家的房地產市場面臨着挑戰,但積極的跡象已經開始出現。加拿大銀行已經開始降低利率,固定抵押貸款利率已經下降,我們正在看到更多的房源出現。此外,針對首次購房者引入30年分期付款的政策變化表明,加拿大正在努力幫助更多年輕人進入住房市場。”
From a business perspective, we have continued to grow, even in challenging markets, which is a testament to our resilience and effectiveness as a business and a platform for hundreds of brokers across the country. We have launched a variety of new technology products to increase revenue and decrease costs, participated in numerous conferences, and continued to expand into new markets and add new offices this quarter.
從商業角度來看,即使在挑戰嚴峻的市場環境下,我們仍在不斷成長,這證明了我們作爲企業和平台的穩健性和有效性,併爲全國數百個經紀人提供了合作伙伴的平台。我們推出了各種新的技術產品,以增加收入和降低成本,參加了許多會議,繼續進軍新市場並增加新辦事處。
"We are exceptionally pleased with the significant strides we've made this quarter," said co-founder and chief executive officer Shubha Dasgupta. "The new technology products we've launched are driving both increased revenue and reduced costs, demonstrating our commitment to innovation and efficiency. Our participation in numerous conferences and ongoing expansion into new markets highlight our relentless pursuit of growth. As the Canadian real estate market shows signs of recovery, we are poised to capitalize on these favourable conditions and continue our upward trajectory, delivering robust results for our stakeholders."
“我們非常滿意我們這個季度取得的重大進展,”創始人兼首席執行官Shubha Dasgupta說。“我們推出的新技術產品既增加了收入,又降低了成本,展示了我們對創新和效率的承諾。我們參加了衆多會議並持續擴大新市場,突顯了我們對增長的不懈追求。隨着加拿大房地產市場顯示出復甦跡象,我們已準備好利用這些有利條件並繼續保持我們的上升勢頭,爲股東提供強有力的業績。”
Pineapple Financial Inc.
Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
For the three-month and nine-month periods ended May 31, 2024
(Expressed in US Dollars)
鳳梨金融股份有限公司。
未經審計的綜合損益表(截至2024年5月31日的三個月和九個月期間)
截至2024年5月31日的三個月和九個月
(以美元表示)
Three months ended | Nine months ended | ||||||||||||||
May 31, 2024 |
May 31, 2023 | May 31, 2024 |
May 31, 2023 |
||||||||||||
For the period ended | (Unaudite d) |
(Unaudite d) |
(Unaudite d) |
(Unaudite d) |
|||||||||||
Revenue | Note 16 | $ | 736,448 | 603,231 | $ | 1,971,377 | 1,937,923 | ||||||||
Expenses | |||||||||||||||
Selling, general and administrative | Note 11 | 491,666 | 698,568 | 1,545,900 | 1,617,231 | ||||||||||
Advertising and Marketing | 265,395 | 169,655 | 648,197 | 824,395 | |||||||||||
Salaries, wages and benefits | 593,202 | 552,819 | 1,825,786 | 1,827,369 | |||||||||||
Interest expense and bank charges | 40,373 | 18,689 | 42,825 | 58,079 | |||||||||||
Depreciation | Note 5,6,10 | 220,190 | 91,554 | 535,575 | 302,529 | ||||||||||
Share-based compensation | Note 9 | - | (67) | - | 32,974 | ||||||||||
Government Incentive | Note 13 | 21,770 | (119,753) | (176,326) | (512,673) | ||||||||||
Total expenses | $ | 1,632,596 | 1,411,465 | $ | 4,421,957 | 4,149,904 | |||||||||
Loss from operations | (896,148) | (808,234) | (2,450,580) | (2,211,981) | |||||||||||
Foreign exchange gain (loss) | - | - | 10,751 | - | |||||||||||
Gain (loss) on change in fair value of warrant liability | Note 8 | 29,479 | - | 42,251 | - | ||||||||||
Gain (loss) on change in fair value of conversion feature liability | Note 18 | 18,064 | - | 18,134 | - | ||||||||||
Loss before income taxes | $ | (848,605) | (808,234) | $ | (2,379,444) | (2,211,981) | |||||||||
Net loss | $ | (848,605) | (808,234) | $ | (2,379,444) | (2,211,981) | |||||||||
Foreign currency translation adjustment | (41,676) | (3,658) | (62,666) | (131,420) | |||||||||||
Net loss and comprehensive loss | $ | (890,281) | (811,892) | $ | (2,442,110) | (2,343,401) | |||||||||
Loss per share - basic and diluted ($) | (0.12) | (0.13) | (0.37) | (0.35) | |||||||||||
Weighted average number of common shares outstanding - basic and diluted | 7,181,978 | 6,306,979 | 7,181,978 | 6,306,979 |
截至三個月結束時 | 截至九月底的九個月的營業租賃成本 | ||||||||||||||
5月31日, 2024 |
2023年5月31日 | 5月31日, 2024 |
5月31日, 2023 |
||||||||||||
截至期末的日期 | (未經審計) 第四期於2021年4月交付的產品的計劃交付期前不遲於55天支付總購買價格的8.33%; |
(未經審計) 第四期於2021年4月交付的產品的計劃交付期前不遲於55天支付總購買價格的8.33%; |
(未經審計) 第四期於2021年4月交付的產品的計劃交付期前不遲於55天支付總購買價格的8.33%; |
(未經審計) 第四期於2021年4月交付的產品的計劃交付期前不遲於55天支付總購買價格的8.33%; |
|||||||||||
營業收入 | 注16 | $ | 736,448 | 603,231 | $ | 1,971,377 | 1,937,923 | ||||||||
費用 | |||||||||||||||
銷售、一般及行政費用 | 注11 | 491,666 | 698,568 | 1,545,900 | 1,617,231 | ||||||||||
廣告和營銷 | 265,395 | 169,655 | 648,197 | 824,395 | |||||||||||
工資、工資和福利 | 593,202 | 552,819 | 1,825,786 | 1,827,369 | |||||||||||
利息支出和銀行費用 | 40,373 | 18,689 | 42,825 | 58,079 | |||||||||||
折舊費用 | 注5、6、10 | 220,190 | 91,554 | 535,575 | 302,529 | ||||||||||
股權酬金 | 注9 | - | (67) | - | 32,974 | ||||||||||
政府激勵措施 | 註釋13 | 21,770 | ((119,753)) | ((176,326)) | ((512,673)) | ||||||||||
總支出 | $ | 1,632,596 | 1,411,465 | $ | 4,421,957 | 4,149,904 | |||||||||
經營虧損 | (896,148) | (808,234) | (2,450,580) | (2,211,981) | |||||||||||
匯率期貨損益 | - | - | 10,751 | - | |||||||||||
認股權負債公允價值變動盈(損) | 注8 | 29,479 | - | 42,251 | - | ||||||||||
轉換特性負債公允價值變動所得(損失) | 注意18 | 18,064 | - | 18,134 | - | ||||||||||
稅前虧損 | $ | (848,605) | (808,234) | $ | (2,379,444) | (2,211,981) | |||||||||
淨虧損 | $ | (848,605) | (808,234) | $ | (2,379,444) | (2,211,981) | |||||||||
外幣折算調整 | (41,676) | (3,658) | (62,666) | (131,420) | |||||||||||
淨虧損和綜合虧損 | $ | (890,281) | (811,892) | $ | (2,442,110) | (2,343,401) | |||||||||
每股基本和稀釋損失($) | (0.12) | (0.13) | (0.37) | (0.35) | |||||||||||
加權平均普通股股份 - 基本和攤薄 | 7,181,978 | 6,306,979 | 7,181,978 | 6,306,979 |
About Pineapple Financial Inc.
關於鳳梨金融股份有限公司。
Pineapple Financial Inc. is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokerages, as well as the overall experience of homeowners. With approximately 700 brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians.
Pineapple Financial Inc.是一家屢獲殊榮的金融科技公司,也是加拿大領先的抵押券商網絡,專注於代理商和券商的長期成功,以及房主的整體體驗。Pineapple創造了大約700個經紀人的網絡,創建了創新的基於雲的工具和人工智能驅動系統,使其經紀人能夠幫助加拿大人實現擁有住房的夢想。Pineapple活躍在社區內,很自豪地贊助加拿大的慈善機構,以改善同胞們的生活。
Forward-Looking Statements
前瞻性聲明
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
本公告中的某些陳述屬於前瞻性陳述,包括但不限於公司擬議的發行。這些前瞻性陳述涉及已知和未知的風險和不確定性,並基於公司當前對未來事件的預期和預測,公司認爲這些事件可能會影響其財務狀況、業績、業務策略和財務需求,包括髮行將成功完成的預期。投資者可以通過“可能”、“將”、“預計”、“預測”、“旨在”、“估計”、“打算”、“計劃”、“相信”、“可能”、“潛在的”、“繼續”或其他類似的表述識別出這些前瞻性陳述。公司無需公開更新或修訂任何前瞻性陳述,以反映此後發生的事件或情況,或者在此後的日期發生的變化,除非法律要求。這些陳述受市場條件和首次公開發行在預期條件下或完全完成等不確定因素和風險的影響,以及在美國證券交易委員會註冊聲明的“風險因素”部分討論的其他因素的影響。儘管公司認爲這些前瞻性陳述所表達的期望是合理的,但它不能保證這些期望會被證明是正確的,並告誡投資者實際結果可能與預期結果有重大不同,並鼓勵投資者查看可能影響公司未來業績的其他因素在公司的註冊聲明和其他提交給美國證券交易委員會的文件中的情況。公司的其他因素在已提交給美國證券交易委員會的文件中討論,可在www.sec.gov上查閱。
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免責聲明
本聲明中的部分聲明是前瞻性聲明。這些前瞻性聲明涉及已知和未知的風險和不確定因素,並基於本公司當前對可能影響其財務狀況、經營業績、業務戰略和資金需求的未來事件的預期和投影。投資者可以通過諸如“可能”、“將會”、“期望”、“預計”、“瞄準”、“估計”、“有意”、“計劃”、“相信”、“可能”、“繼續”或其他類似表達的詞語或短語識別這些前瞻性聲明。本公司無義務公開更新或修訂任何前瞻性聲明以反映此後發生的事件或情況,或其此後產生的期望變化,除非法律要求。這些聲明會受到不確定性和風險的影響,包括但不限於與市場狀況相關的不確定性,以及公司完成首次公開發行的方式或整個過程的不確定性,以及在SEC提交的註冊聲明的“風險因素”部分討論的其他因素。儘管本公司認爲這些前瞻性聲明的期望是合理的,但它不能保證這些期望將被證明是正確的,並且本公司警告投資者,實際結果可能會與預期結果有很大不同,並鼓勵投資者審核可能影響其未來業績的其他因素,包括本公司的註冊聲明和SEC的其他文件。本公司的文件可在www.sec.gov上進行查閱。
媒體查詢,請聯繫Pineapple的高級市場總監Dennis Welsh。
LinkedIn:Pineapple Mortgage
Related Links:
關於Pineapple Financial: Pineapple是一家屢獲殊榮的金融科技公司,是加拿大領先的抵押貸款券商網絡公司。其專注於代理商和券商的長期成功和房主的整體體驗。 Pineapple網絡內有約700名經紀人,它創建了尖端雲技術和人工智能驅動系統,使其經紀人能夠幫助加拿大人實現擁有房屋的夢想。 Pineapple在社區活動中積極參與,並自豪地贊助加拿大的慈善事業,以改善加拿大人的生活。
Media Contact:
媒體聯繫人:
For media inquiries, please contact Alexandria Guo, Marketing Manager at Pineapple
Email: alexandria@gopineapple.com
媒體詢問請聯繫Pineapple的營銷經理Alexandria Guo。
電子郵件:alexandria@gopineapple.com
Investor Relations Contact:
投資者關係聯繫人:
For investor relations inquiries, please contact Shubha Dasgupta, Chief Executive Officer, at Pineapple
Email: shubha@gopineapple.com
Phone: +1 (416) 669-2046
投資者關係諮詢請聯繫Pineapple的首席執行官Shubha Dasgupta。
電子郵件:shubha@gopineapple.com
電話:+1 (416) 669-2046
電話:+1(416)669-2046