Pure Cycle First Quarter 2024 Earnings: EPS: US$0.086 (vs US$0.007 in 1Q 2023)
Pure Cycle (NASDAQ:PCYO) First Quarter 2024 Results
Key Financial Results
Revenue: US$5.39m (up 302% from 1Q 2023).
Net income: US$2.07m (up by US$1.91m from 1Q 2023).
Profit margin: 38% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.086 (up from US$0.007 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pure Cycle shares are up 1.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Pure Cycle's balance sheet.
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