Pure Cycle FY2023 net income $4.7M, revenue $14.6M (down 37% YoY), EPS $0.19

PURE CYCLE CORP

Net income of $4.7M ($0.19 diluted EPS) vs. $9.6M ($0.40) prior year; EBITDA $8.6M vs. $14.9M.
Total revenue $14.6M, down from $23.0M; water & wastewater $7.3M, land dev. $6.8M, rentals $0.2M.
Delivered 738 finished lots to date; 14 single-family rental homes; 313.8M gallons water delivered.
Cash $26.0M, working capital $23.2M; Phase 2B delivery of 211 lots expected in FY2024.
Water tap fees ($2.7M) and lot milestone payments ($6.8M) drove revenue; oil & gas water sales declined.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PURE CYCLE CORP reported the year ended August 31, 2023 results: revenue $14.6 million, net income $4.7 million, EPS $0.19.

Period: the year ended August 31, 2023
Revenue: $14.6 million
Net income: $4.7 million
EPS: $0.19
Result: reported results

Exact text from the filing

rentals. During Fiscal Year 2023 we completed and leased 11 additional single-family homes bringing our total to 14 homes. Full Year 2023 Highlights Ø Revenues of $14.6 million, which drove p re-tax income of $6.2 million; Ø Net income of $4.7 million; Ø EBITDA of $8.6 million (see table below for re conciliation of net income to EBITDA); Ø Cash totaled

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PURE CYCLE CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-019154

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