NEWS
Pure Cycle Announces Financial Results For the Three and Nine Months Ended May 31, 2024
Positive
52% increase in lot sales revenue for Q3 2024.
56% increase in lot sales revenue for the nine months ended May 31, 2024.
Q3 2024 revenues of $7.6 million, up from Q3 2023.
Nine-month revenues of $16.2 million, up from the same period in 2023.
Net income of $2.8 million for Q3 2024.
YTD net income of $5.0 million.
EBITDA of $4.5 million for Q3 and $8.7 million YTD.
Twentieth consecutive fiscal quarter with positive net income.
Cash and cash equivalents totaling $20.4 million as of May 31, 2024.
52% increase in lot sales revenue for Q3 2024.
56% increase in lot sales revenue for the nine months ended May 31, 2024.
Q3 2024 revenues of $7.6 million, up from Q3 2023.
Nine-month revenues of $16.2 million, up from the same period in 2023.
Net income of $2.8 million for Q3 2024.
YTD net income of $5.0 million.
EBITDA of $4.5 million for Q3 and $8.7 million YTD.
Twentieth consecutive fiscal quarter with positive net income.
Cash and cash equivalents totaling $20.4 million as of May 31, 2024.
Negative
Net income for Q3 2024 decreased to $2.8 million from $3.3 million in Q3 2023.
EBITDA for Q3 2024 decreased to $4.5 million from $5.0 million in Q3 2023.
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