Pure Cycle Q2 revenue $3.0M, net income $189K; water deliveries down 92% YoY

PURE CYCLE CORP

2023-Q2 EPS reported $0.01 revenue$4,330,000

Q2 revenue $3.0M, down 36% YoY from $4.7M; net income $189K vs $1.693M.
Water deliveries plunged 92% to 10.6M gallons in Q2; six-month deliveries down 64%.
EBITDA fell to $0.9M from $2.7M; EPS diluted $0.01 vs $0.07; cash $22.5M.
Sky Ranch Phase 2B construction started; received $4.1M milestone payments post-period.
Acquired water wells in Lost Creek Basin for $0.3M; share buyback authorized but no repurchases yet.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

PURE CYCLE CORP reported financial results for the three and six months ended February 28, 2023.

Period: the three and six months ended February 28, 2023
Result: reported results

Exact text from the filing

On April 12, 2023, the Registrant issued a press release announcing its financial results for the three and six months ended February 28, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

PURE CYCLE CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-005941

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