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Nov 30, 2020
Pure Cycle Q1 2021 Earnings Report
Reported a decrease in revenue due to timing of lot sales, but remained profitable.
Key Takeaways
Pure Cycle Corporation reported a net income of $0.8 million on revenues of $4.9 million for the three months ended November 30, 2020. The decrease in revenue compared to the previous year was primarily due to the timing of lot sales as the initial development phase at Sky Ranch neared completion. The company's investments in water and water rights increased to $55.2 million.
Revenues were $4.9 million for the three months ended November 30, 2020.
Net income was $0.8 million for the three months ended November 30, 2020.
Investments in water and water rights increased to $55.2 million as of November 30, 2020.
35 water and wastewater taps were sold for $1.1 million during the quarter.
Revenue by Segment
Forward Guidance
Pure Cycle anticipates increased lot development activities as they break ground on the next development phase in January 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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