secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001558370-22-018008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle reports FY2022 net income of $9.6M, down from $20.1M YoY; revenue up 34% to $23M
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- Net income of $9.6M ($0.40 diluted EPS) vs $20.1M ($0.83) in fiscal 2021; revenue $23.0M (up 34% from $17.1M).
- Record water deliveries of 404.9M gallons, up 57% YoY, driven by oil & gas and Sky Ranch growth.
- Board authorized stock repurchase of up to 200,000 shares in open market; no shares repurchased yet.
- Single-family rental: 3 homes rented, 11 under construction; fourth unit expected Q1 fiscal 2023.
- All 229 lots delivered in Phase 2A of Sky Ranch; lot prices up ~40% vs Phase 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837022018008/0001558370-22-018008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837022018008/pcyo-20221114x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer