secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2022-01-12T23:59:59+00:00
Accession:  0001558370-22-000231
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q1 2022 net income $1.5M, revenue $4.3M, launches single-family rentals
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- Net income $1.5M ($0.06 EPS) vs $0.8M ($0.04 EPS) in Q1 2021.
- Revenue $4.3M, down 12% from $4.9M due to lower tap fees; lot sales up 25% to $2.9M.
- First three single-family rental homes completed, rented within ten days at rates above budget.
- Water deliveries to Sky Ranch increased 42% to 17.3M gallons; second phase lots 43% complete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837022000231/0001558370-22-000231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837022000231/pcyo-20220110x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000231

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