secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2021-07-07T23:59:59+00:00
Accession:  0001558370-21-008793
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle reports Q3 net income >$18M, revenue up 44%; plans BTR rental homes
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- Net income over $18M for nine months ended May 31, 2021, on $12.3M revenue and $20M other income.
- Revenue increased 44% YoY in Q3, driven by higher water and wastewater tap sales; 59 taps sold for $1.9M.
- Launched Build-to-Rent (BTR) segment; three homes under construction, 100+ lots reserved for future BTR.
- Sky Ranch phase 2 grading nearly done; first lots expected in Q4 fiscal 2021; 330+ homes occupied.
- Error discovered in prior financial statements regarding reimbursables; 10-Q to be filed with corrections.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837021008793/0001558370-21-008793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837021008793/pcyo-20210707x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-008793

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