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Pure Cycle Corporation (NASDAQ: PCYO) Q2 2025 earnings conference call, held 2025-04-10. Replay captured from the company's public earnings webcast.

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Good morning. I'd like to welcome you all to our second quarter fiscal year 2025 earnings call. For those of you that are listening on the phone, I think most of you have connected through this through our website, but we do have a deck for this that is on our landing page of the website. So if you go to purecyclewater.com, you can click on that link and that'll take you directly to the presentation and I can walk you through the presentation as we move through our slides. With me today is our CFO, Mark Bezali, as well as our controller, Serena Finnegan. So I'd like to thank them for joining us early morning and really want to welcome you all to the call. I'll get started. Well, first thing we'll do is, that's a slide here. Talk a little bit about our forward-looking statements, statements that are not historical facts contained or incorporated by reference in this presentation are forward-looking statements. I think you're all familiar with the forward-looking statements. With that said, Certainly want to highlight our leadership team. The success is driven by, you know, the people that we get to work with, both in terms of our management as well as our board of directors. We have a great board of directors, which bring a tremendous amount of experience and guide and leadership to the company. And it certainly helps to be at the center. the helm in calm waters and rough seas. And I'm not exactly sure where we are with this market, but it is comforting to have a great leadership team as well as a great board of directors to help steward the company through managing these assets. I want to jump right into the financials here and see if we can't highlight our second quarter. We had a terrific quarter. So we really want to highlight our financial performance Again, just...