Pure Cycle Corporation (OQ:PCYO)

Sector:  Utilities Industry:  Water Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: 34501 E. Quincy Ave, Bldg. 34
WATKINS CO 80137
Tel: 1-303-2923456
Website: https://www.purecyclewater.com
IR: See website
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Key People
Mark W. Harding
President, Chief Executive Officer, Director
Marc S. Spezialy
Chief Financial Officer, Vice President
 
Business Overview
Pure Cycle Corporation is a diversified land and water resource development company. The Company is a wholesale water and wastewater service provider that develops land it owns into master-planned communities. The Company operates through three business segments: Wholesale Water and Wastewater Services, Land Development and Single-Family Rental. Water and Wastewater Resource Development segment provides water and wastewater services to customers. The Land Development segment includes all the activities necessary to develop and sell finished lots. The Single-Family Rentals segment constructs and leases single-family homes in its Sky Ranch neighborhood. It provides wholesale water and wastewater services to local governmental entities that in turn provide residential and commercial water and wastewater services to customers in their communities. It has a network of wholesale water production, storage, treatment and distribution systems, and wastewater collection and treatment systems.
Financial Overview
For the six months ended 29 February 2024, Pure Cycle Corporation revenues increased 98% to $8.6M. Net income increased from $348K to $2.2M. Revenues reflect Water and wastewater services segment increase from $2.2M to $5.1M, Land development segment increase of 60% to $3.3M. Net income benefited from Interest income - related party increase of 84% to $939K (income), Interest income - Investments increase of 33% to $594K (income).
Employees: 38 as of Aug 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $225.03M as of Feb 29, 2024
Annual revenue (TTM): $18.84M as of Feb 29, 2024
EBITDA (TTM): $7.29M as of Feb 29, 2024
Net annual income (TTM): $6.53M as of Feb 29, 2024
Free cash flow (TTM): -$2.02M as of Feb 29, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 24,088,734 as of Apr 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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