secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001558370-23-019154
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837023019154/0001558370-23-019154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837023019154/pcyo-20231115x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019154

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