PURE CYCLE CORP

For the period ended Aug 31, 2024. Filed Nov 13, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 13, 2024

PCYO$10.94-1.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income


· · Year Ended
(In thousands, except share information) · August 31, 2024 · August 31, 2023
Revenues:
Metered water usage from:
Municipal customers	$788	$504
Commercial customers	6,095	3,059
Wastewater treatment fees	343	302
Water and wastewater tap fees	3,384	2,991
Lot sales	15,998	6,815
Project management fees	707	283
Single-family rentals	481	165
Special facility projects and other	951	467
Total revenues	28,747	14,586

Cost of revenues:
Water service operations	2,204	1,757
Wastewater service operations	691	675
Land development construction costs	3,037	1,606
Project management costs	482	286
Single-family rental costs	188	73
Depletion and depreciation	1,504	1,658
Other	882	491
Total cost of revenues	8,988	6,546

General and administrative expenses	6,921	5,470
Depreciation	596	498
Operating income	12,242	2,072

Other income (expense):
Interest income - related party	1,729	1,481
Interest income - Investments	1,108	1,023
Oil and gas royalty income, net	795	267
Oil and gas lease income, net	69	75
Other, net	128	1,508
Interest expense, net	(439)	(206)
Income from operations before income taxes	15,632	6,220
Income tax expense	(4,019)	(1,521)
Net income	$11,613	$4,699

Earnings per common share - basic and diluted
Basic	$0.48	$0.20
Diluted	$0.48	$0.19
Weighted average common shares outstanding:
Basic	24,083,001	24,031,068
Diluted	24,140,946	24,106,067

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.