Pure Cycle Corp. reported earnings results for the first quarter ended November 30, 2013. For the period, revenues were $578,500 against $438,400 a year ago.

Loss from operations was $237,300 against $526,700 a year ago. Net loss was $846,500 against $1,333,600 a year ago. Loss per share was $0.04 against $0.06 a year ago.

Revenues increased approximately 32% during the three months ended November 30, 2013 compared to three months ended November 30, 2012 primarily as a result of increased water sales used for fracking.