Pure Cycle reports $20.1M net income for fiscal 2021; lot sales and tap fees drive revenue

PURE CYCLE CORP

Revenue of $17.1M; gross profit $10.7M; net income $20.1M.
505 lots sold since 2018; 657 total lots sold through Aug 31, 2021.
Tap fees of $5.2M from 163 water/wastewater taps at Sky Ranch.
Oil and gas revenue $2.8M; industrial water 60% of 258M gallons delivered.
Working capital $26.3M including $20.1M cash; launched single-family rental business with three homes.

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