secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001558370-24-004948
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q2 net income $118K; revenue $3.2M; record water deliveries YTD
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- Q2 net income $118K ($0.00 diluted EPS) vs $189K; six-month net income $2.2M ($0.09 EPS) vs $348K.
- Revenue $3.2M in Q2 (+7% YoY); six-month revenue $8.6M (+98% YoY) on strong oil/gas water sales.
- Water deliveries: 404 acre-ft in Q2 (vs 33), YTD record 1,028 acre-ft (vs 242); 25% water/wastewater rev growth.
- Sky Ranch: Phase 2A 96% complete, Phase 2B 52% complete (on track for FY2024); 14 rental homes occupied, 17 more planned.
- Cash $20.4M; working capital $19.9M; cumulative 723 water/wastewater taps sold at Sky Ranch.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837024004948/0001558370-24-004948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837024004948/pcyo-20240410x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004948

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