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PCYO Pure Cycle

Pure Cycle is a vertically integrated water and wastewater provider with a mission to deliver safe, great tasting, pure water from its source to municipalities and businesses with a focus on its customers and conserving our planet's most valuable resource. In addition to its wholesale water utilities business Pure Cycle also owns and is developing approximately 1,000 acres of prime land in Denver's fast growing Interstate-70 corridor, called Sky Ranch.

Company profile

Ticker
PCYO
Exchange
CEO
Mark W. Harding
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
840705083

PCYO stock data

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Calendar

9 Jul 21
3 Aug 21
31 Aug 21
Quarter (USD)
May 21 Feb 21 Nov 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Pure Cycle earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19.8M 19.8M 19.8M 19.8M 19.8M 19.8M
Cash burn (monthly) 322.33K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 687.73K n/a n/a n/a n/a n/a
Cash remaining 19.11M n/a n/a n/a n/a n/a
Runway (months of cash) 59.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Mar 21 Richard L Guido Common Stock Option exercise Aquire M No No 4.17 6,500 27.11K 27,500
12 Mar 21 Richard L Guido Common Stock Option exercise Aquire M No No 3.15 6,500 20.48K 21,000
12 Mar 21 Richard L Guido Non-Statutory Stock Option Common Stock Option exercise Dispose M No No 4.17 6,500 27.11K 0
12 Mar 21 Richard L Guido Non-Statutory Stock Option Common Stock Option exercise Dispose M No No 3.15 6,500 20.48K 0
2 Mar 21 Augur Harrison H Common Stock Payment of exercise Dispose F No No 12.15 2,231 27.11K 68,585
2 Mar 21 Augur Harrison H Common Stock Option exercise Aquire M No No 4.17 6,500 27.11K 70,816
2 Mar 21 Augur Harrison H Non-Statutory Stock Option Common Stock Option exercise Dispose M No No 4.17 6,500 27.11K 0
13 Jan 21 Jeffrey G Sheets Common Stock Grant Aquire A No No 0 2,000 0 4,000
13 Jan 21 Arthur G Epker III Common Stock Grant Aquire A No No 0 2,000 0 16,500
13 Jan 21 Peter C Howell Common Stock Grant Aquire A No No 0 2,000 0 19,691

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

68.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 98 90 +8.9%
Opened positions 14 15 -6.7%
Closed positions 6 13 -53.8%
Increased positions 29 28 +3.6%
Reduced positions 30 25 +20.0%
13F shares
Current Prev Q Change
Total value 248.9M 235.15M +5.8%
Total shares 16.28M 17.11M -4.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Plaisance Capital 3.95M $53.37M 0.0%
Kennedy Capital Management 1.43M $19.16M +0.5%
Vanguard 1.15M $15.49M -28.2%
BLK Blackrock 1.02M $13.69M +0.6%
Par Investment Partners 1M $11.23M 0.0%
Heartland Advisors 500K $6.71M 0.0%
Loomis Sayles & Co L P 490.33K $6.58M NEW
Geode Capital Management 384.28K $5.16M +25.0%
Bard Associates 351.73K $4.72M +2.0%
Par Capital Management 350K $4.7M -65.0%
Largest transactions
Shares Bought/sold Change
Par Capital Management 350K -650K -65.0%
Loomis Sayles & Co L P 490.33K +490.33K NEW
Vanguard 1.15M -453.09K -28.2%
Ariel Investments 175.68K -376.91K -68.2%
Arrowstreet Capital, Limited Partnership 33.07K -119.64K -78.3%
KBCSF KBC 241.74K +81.18K +50.6%
Geode Capital Management 384.28K +76.75K +25.0%
MS Morgan Stanley 235.86K -75.41K -24.2%
Los Angeles Capital Management & Equity Research 145.1K -56.65K -28.1%
Renaissance Technologies 179.39K -55.91K -23.8%

Financial report summary

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Risks
  • Our business, operations and financial condition and results may be impacted by the COVID-19 pandemic to varying degrees.
Management Discussion
  • Revenue – Total revenue increased in 2021 as compared to 2020, primarily due to increased water and wastewater tap sales, increased municipal water usage, and a special facility construction project for WISE. These increases were partially offset by decreased land development sales due to phase one being nearly complete almost two years ahead of schedule and phase two not yet recognizing revenue until platted lots are delivered, which is expected in the fourth fiscal quarter of 2021.
  • Cost of revenue – Costs of revenue decreased in 2021 as compared to 2020, primarily due to decreases in land development costs due to phase one being nearly complete. Phase two costs are currently being capitalized as inventories until revenue recognition begins. These decreases were partially offset by increased water and wastewater service costs primarily due to additional WISE water purchases.
  • General and administrative expense – General and administrative expense increased in 2021 as compared to 2020, primarily due to increased head count of five full time employees in 2020 and increased legal and professional fees due to the second development phase at Sky Ranch.
Content analysis
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