Pure Cycle(US:PCYO)2020-01-07 21:12Financial Performance (Q1 2020) - Total revenue increased significantly to $10461000, compared to $3073000 in Q1 2019[49] - Net income after taxes rose substantially to $5762000, a significant increase from $634000 in Q1 2019[49] - Income per share (diluted) increased to $024, compared to $003 in Q1 2019[49] - Sources of Income (EBITA) increased to $7649000 in Q1 2020, compared to $634000 in Q1 2019[39] Revenue Streams - Land development revenues (lot sales) increased to $8542000 in Q1 2020, compared to $1381000 in Q1 2019[36] - Municipal tap fee revenues increased to $1672000 in Q1 2020, compared to $255000 in Q1 2019[37] - Oil and Gas (O&G) royalties increased to $331000 in Q1 2020, compared to $45000 in Q1 2019[39] - Drill fracking industrial water sales decreased to $37300 in Q1 2020, compared to $1285000 in Q1 2019[38] Sky Ranch Development - The company has delivered 372 finished lots in the first phase of development[18] - 175 water and wastewater taps have been sold[18] - Phase 2 development is planned to accommodate 160 acres of commercial, retail, and light industrial space, as well as multifamily and single-family residential units, potentially including between 2500 and 3000 single-family equivalents (SFE's)[28]