secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001558370-23-005941
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837023005941/0001558370-23-005941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837023005941/pcyo-20230412x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005941

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