secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001558370-24-000302
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q1 net income $2.1M, revenue $5.4M, up 315% YoY; 18th consecutive profitable quarter
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- Net income $2.1M ($0.09 EPS) vs $159K ($0.01) prior year; EBITDA $3.4M.
- Revenue $5.4M (up 315% YoY) driven by 270% lot sale increase and 300%+ water/wastewater revenue increase.
- Delivered 623 acre-feet of water vs 207 prior year, driven by oil & gas water sales.
- Sold 15 water/wastewater taps for $0.6M; Phase 2 tap revenue expected to exceed $20M over 3-5 years.
- Cash $21.8M; working capital $20.4M; 14 rental homes occupied, 17 more planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837024000302/0001558370-24-000302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837024000302/pcyo-20240112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000302

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