In a mixing bowl, combine dry cake mix, pineapple, and coconut extract. Beat with an electric mixer on low speed for 30 seconds; beat on medium speed for one minute.
Pour into an ungreased 10-inch tube pan. Bake at 350° for 35 to 40 minutes or until cake springs back when lightly touched.
Immediately invert pan; cool completely. Carefully run a knife around sides of pan. Remove cake to a serving plate.
For topping, beat cream cheese, sugar, and pineapple extract until smooth. Fold in whipped topping. Spread over top and sides of cake. Sprinkle with coconut. Refrigerate before serving.