Pure Cycle Q3 net income $0.8M, revenue $3.2M; Sky Ranch Phase 2A near 2/3 complete

PURE CYCLE CORP

2022-Q3 EPS reported $0.17 revenue$12,123,000

Net income $0.8M (Q3), $4.0M (nine months); diluted EPS $0.03 and $0.17.
Revenue $3.2M (Q3), $12.1M (nine months) from lot sales, water taps, and single-family rentals.
Sold 40 water taps in Phase 2A; total tap fees at Sky Ranch $16.4M.
Sky Ranch Phase 1 complete, Phase 2A nearly 67% complete; lot prices up ~40% vs Phase 1.
Working capital $18.6M, cash $5.4M; EBITDA $1.6M (Q3), $6.7M (nine months).

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