DIRTT Q3 revenue $49.5M, +6% YoY; Adjusted EBITDA $5.3M from -$5.4M

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2023-Q3 EPS reported -$0.15 revenue$130,998,000

Revenue $49.5M, up 11% QoQ and 6% YoY; net loss $6.3M vs $6.7M prior year.
Gross margin improved 1,950 bps YoY; Adjusted EBITDA $5.3M (10.6% of revenue), up $10.7M.
Liquidity $30.3M at Sep 30, 2023, vs $16.1M at Dec 31, 2022.
Permanently closed Rock Hill facility; recorded $8.0M impairment charge, expects to settle $8.2M in equipment leases.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the three and nine months ended September 30, 2023 results: revenue $49.5 million, net income net loss of $6.3 million.

Period: the three and nine months ended September 30, 2023
Revenue: $49.5 million
Net income: net loss of $6.3 million
Result: reported results

Exact text from the filing

in this news release is presented in U.S. dollars, unless otherwise stated. Third Quarter 2023 Highlights • In our seasonally strongest quarter, we generated revenue of $49.5 million, up 11% from the second quarter and 6% compared to prior year period , and net loss of $6.3 million, compared to net loss of $6.7 million in the prior year period. • Gross Profit

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Source: SEC EDGAR

accession 0000950170-23-062239

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