secwatch.observer — SEC 8-K summary
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Issuer:     DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)
CIK:        0001340476
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062239
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1340476/000095017023062239/0000950170-23-062239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1340476/000095017023062239/drttf-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062239

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