Pure Cycle Q3 net income $2.8M, revenue $7.6M; YTD net income $5.0M up 37%

PURE CYCLE CORP

2024-Q3 EPS reported $0.21 revenue$16,187,000

Q3 revenue $7.6M (+11% YoY); net income $2.8M ($0.12 EPS) vs $3.3M ($0.14) in prior year.
Nine-month revenue $16.2M (+44%); net income $5.0M ($0.21 EPS) vs $3.6M ($0.15) in prior year.
Lot sales revenue up 52% in Q3 and 56% YTD; water deliveries YTD record 1,422 acre-feet.
Cash $20.4M; Phase 2B ~70% complete, on track for FY2024; CEO sees strong water sales into 2025.

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