Pineapple Financial Inc. Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>Pineapple Financial Inc. has submitted its quarterly 10-Q filing for the period ending November 30, 2023, detailing financial data and corporate events.</b>

AI Summary

Pineapple Financial Inc. (PAPL) filed a Quarterly Report (10-Q) with the SEC on January 16, 2024. Pineapple Financial Inc. filed a 10-Q report for the period ending November 30, 2023. The filing covers the quarterly period from September 1, 2023, to November 30, 2023. The company's principal business address is 111 Gordon Baker Road, Suite 200, North York, Z4, M2H3R1. The filing includes data related to common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings for various periods. Key dates mentioned include November 3, 2023, related to IPO and warrant liability.

Why It Matters

For investors and stakeholders tracking Pineapple Financial Inc., this filing contains several important signals. This filing provides investors with an updated view of Pineapple Financial Inc.'s financial health and operational performance during the specified quarter. The inclusion of detailed financial data and specific dates allows for a comprehensive understanding of the company's financial position and recent activities.

Risk Assessment

Risk Level: low — Pineapple Financial Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate indicators of significant risk or opportunity.

Analyst Insight

Monitor future filings for specific financial performance metrics and strategic updates from Pineapple Financial Inc.

Key Numbers

• 2023-11-30 — Period End Date (Conformed period of report)
• 2024-01-16 — Filing Date (Filed as of date)
• September 1, 2023 — Quarter Start Date (Reporting period)
• November 30, 2023 — Quarter End Date (Reporting period)

Key Players & Entities

• Pineapple Financial Inc. (company) — Filer name
• 2023-11-30 (date) — Period of report
• 2024-01-16 (date) — Filed as of date
• 111 Gordon Baker Road, Suite 200 (address) — Business address
• North York (location) — Business address city
• M2H3R1 (postal_code) — Business address zip
• PAPL (ticker) — Ticker symbol
• 2023-11-03 (date) — IPO date

Forward-Looking Statements

• Pineapple Financial Inc. will likely see an increase in its cash reserves in the next quarter due to the capital raised from the IPO. (Pineapple Financial Inc.) — medium confidence, target: 2024-02-29
• The warrant liabilities introduced by the IPO will remain a key factor in the company's balance sheet and could lead to future share dilution. (Pineapple Financial Inc.) — high confidence, target: 2024-11-30

FAQ

Industry Context

The filing pertains to a company in the Finance Services sector, specifically SIC code 6199.

Regulatory Implications

This is a standard 10-Q filing under the Securities Exchange Act of 1934, requiring regular disclosure of financial information by public companies.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management discussion.
2. Analyze any specific financial metrics or disclosures related to warrant liabilities and IPO events.
3. Compare the reported financial data with previous periods to identify trends.

Key Dates

• 2023-11-30: Period End Date — End of the reporting quarter for the 10-Q filing.
• 2024-01-16: Filing Date — Date the 10-Q report was officially filed with the SEC.
• 2023-11-03: IPO and Warrant Liability Date — Date associated with IPO and warrant liability events.

Year-Over-Year Comparison

This filing is a 10-Q for the period ending November 30, 2023, and contains data points for various balance sheet items across different fiscal periods.

Filing Documents

• form10-q.htm (10-Q) — 788KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-002452.txt (&nbsp;) — 3683KB
• papl-20231130.xsd (EX-101.SCH) — 40KB
• papl-20231130_cal.xml (EX-101.CAL) — 56KB
• papl-20231130_def.xml (EX-101.DEF) — 67KB
• papl-20231130_lab.xml (EX-101.LAB) — 263KB
• papl-20231130_pre.xml (EX-101.PRE) — 197KB
• form10-q_htm.xml (XML) — 429KB

Financial Statements

Financial Statements 2 Consolidated Balance Sheets (unaudited) 3 Consolidated Statements of Operations and Comprehensive Loss(unaudited) 4 Consolidated Statements of Shareholders' Equity (unaudited) 5 Consolidated Statements of Cash Flows (unaudited) 6

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 33 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults Upon Senior Securities 34 Item 4. Mine Safety Disclosures 34 Item 5. Other Information 34 Item 6. Exhibits 34

SIGNATURES

SIGNATURES 35 i FORWARD-LOOKING This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or the "Securities Act," and Section 21E of the Securities Exchange Act of 1934 or the "Exchange Act." These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results. In some cases, you can identify forward-looking statements by terms such as "may," "intend," "might," "will," "should," "could," "would," "expect," "believe," "anticipate," "estimate," "predict," "potential," or the negative of these terms. These terms and similar expressions are intended to identify forward-looking statements. The forward-looking statements in this report are based upon management's current expectations and beliefs, which management believes are reasonable. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor or combination of factors, or factors we are aware of, may cause actual results to differ materially from those contained in any forward-looking statements. You are cautioned not to place undue reliance on any forward-looking by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. You should be aware that our actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including: the timing of the development of future services, projections of revenue, earnings, capital structure and other financial items, regarding the capabilities of our business operations, of expected future e

View Full Filing

View this 10-Q filing on SEC EDGAR