Pure Cycle(US:PCYO)2023-01-12 04:04Financial Performance - Diluted EPS was $0.24 [1], corresponding to a net income of $6 million [1] - Revenue for Q1 2023 was $1.34 million [9], a decrease compared to $4.273 million in Q1 2022 [9] - Net income for the three months ended November 30, 2022, was $159,000 [9], significantly lower than the $1.514 million for the same period in 2021 [9] Balance Sheet - As of November 30, 2022, the company had $16.843 million in cash and cash equivalents [7] - Investments totaled $15 million as of November 30, 2022 [7] - Total assets amounted to $128.037 million as of November 30, 2022 [7] Land Development & Water Assets - The company owns 29,900+ acre-feet of water rights [34, 49] - Water assets are valued at $67.4 million [20] - Phase 2A of Sky Ranch development is 78% complete [20] and Phase 2B is 15% complete [20] Stock Repurchase Program - The board approved a stock repurchase program authorizing the CEO and CFO to repurchase up to 200,000 shares [4]