Pure Cycle Announces First Fiscal Quarter 2017 Financial Results

Cleantech Investing

Pure Cycle (NASDAQ:PCYO) has reported financial results for its fiscal quarter ended November 30, 2016. Revenues increased by roughly 58 percent to around $199,100. As quoted in the press release: “We are pleased to report our results for the three months ended November 30, 2016. During the first quarter, we continue to focus on developing and …

Pure Cycle (NASDAQ:PCYO) has reported financial results for its fiscal quarter ended November 30, 2016. Revenues increased by roughly 58 percent to around $199,100.
As quoted in the press release:

“We are pleased to report our results for the three months ended November 30, 2016. During the first quarter, we continue to focus on developing and marketing lots to home builders at Sky Ranch looking to bring the project on line later this summer. In addition to our organic growth at Sky Ranch, we completed our first water system acquisition in neighboring Elbert County and look forward to operating the Wild Pointe Water System for its residents and customers,” commented Mark Harding, President of Pure Cycle Corporation.
The following table summarizes results of operations for the three months ended November 30, 2016 and 2015:

Click here for the full text release.