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Is Pure Cycle (PCYO) A Smart Long-Term Buy?
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Pure Cycle Reports Third Quarter Earnings
ACCESSWIRE
07 Jul 2021, 06:31 GMT+10
DENVER, CO / ACCESSWIRE / July 6, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) is reporting results for the three and nine months ended May 31, 2021. Pure Cycle is reporting net income of more than $18.0 million for the nine months ended May 31, 2021, generated on $12.3 million of revenue, and more than $20.0 million of Other Income. The Initial development phase at Sky Ranch is nearly sold out and the second phase is well underway with grading nearing completion. Since we started developing Sky Ranch, 446 or 88% of the initial phase lots have purchased water and wastewater taps, totaling $13.3 million in tap fees.