Pure Cycle Corp Stock Price, News & Analysis

Pure Cycle Corporation (NASDAQ:PCYO) reported a net income of $20.1 million for the fiscal year ending August 31, 2021. Total revenue reached $17.1 million, driven by $5.8 million in lot sales and significant revenues from tap fees ($5.2 million) and project management services ($21.8 million). The company completed the first phase of Sky Ranch, sold 505 lots, and initiated the second phase with contracts for 804 lots. Their single-family rental initiative began with three homes achieving occupancy above projections.

Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the year ended August 31, 2021, on November 9, 2021. An earnings call is scheduled for the same day at 4:00 PM Eastern Time. The company will file its Form 10-K on November 10, 2021, prior to market opening. Pure Cycle, a leader in water and wastewater services, will provide a detailed slide presentation on its website, summarizing its financial results. Investors can access a replay of the call until November 23, 2021.

Pure Cycle Corporation (NASDAQ: PCYO) announced its upcoming earnings release for the fiscal year ending August 31, 2021, set for November 9, 2021. An earnings call will follow to discuss financial results. The company will file its Form 10-K before market opens on November 10, 2021. Pure Cycle operates as a diversified land and water resource development entity, providing wholesale water and wastewater services while developing a master-planned community on owned land. For further information, visit purecyclewater.com.

Pure Cycle Corporation (NASDAQ:PCYO) has completed the sale of 152 platted lots in the Sky Ranch community, marking the first closing in the project's second development phase. This phase consists of 804 lots, all contracted with homebuilders, with future closings contingent on the completion of utilities and lot readiness. The first milestone payments of $3.6 million have been received, with subsequent payments expected soon. The company anticipates further development to meet housing demands in the growing area, with model home lots expected to be ready by year-end.

Pure Cycle Corporation (NASDAQ:PCYO) will participate in the virtual Midwest IDEAS Investor Conference on August 25-26, 2021. President and CEO Mark W. Harding will present the company's operations and strategic plans, highlighting growth at Sky Ranch and regional water service expansions. The event aims to connect quality companies with investment professionals and offers an opportunity for Pure Cycle to discuss its new Build-to-Rent segment. Further details are available on the conference and Pure Cycle's websites.

Pure Cycle Corporation (NASDAQ:PCYO) reported net income exceeding $18.0 million for the nine months ended May 31, 2021, from $12.3 million in revenue and over $20.0 million in Other Income. The Sky Ranch development is nearly sold out, with 446 lots sold, generating $13.3 million in tap fees. The company expects to deliver lots for model homes by late 2021, despite COVID-related delays. Current working capital stands at $16.5 million with cash reserves of $19.8 million.

Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and nine months ended May 31, 2021, on July 6, 2021. A conference call will be held the same day at 4:30 PM Eastern to discuss these results. Participants can join using 877-407-8033 (U.S.) or 201-689-8033 (international). A detailed slide presentation will be available on their website. Established as a diversified water service provider, Pure Cycle also develops master planned communities.

Pure Cycle Corporation (NASDAQ:PCYO) announced an Investor Day on July 15, 2021, from 10:00 am to 2:00 pm MST in Sky Ranch. CEO Mark Harding and CFO Kevin McNeill will present the company's current state, long-term growth strategies, and progress in development. Attendees will have the opportunity to tour Sky Ranch, focusing on Phase 2 of development and the water reclamation facility. Registration is required via the company's investor page.

Pure Cycle Corporation (NASDAQ:PCYO) announced that President and CEO Mark W. Harding will present at the Sidoti & Company Virtual Investor Conference on June 23-24, 2021. The presentation will include a thirty-minute overview of the company, followed by breakout sessions. This conference will host over 100 presenters and 650 investor groups, facilitating numerous interactions. Presentation materials will be available on the company's website post-conference. Pure Cycle is a diversified land and water resource development company focusing on wholesale water and wastewater services.