DIRTT reports preliminary Q4 revenue $50.9M, net income $1.0M vs $5.9M loss YoY

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2023-FY EPS reported -$0.13 revenue$181,931,000

Q4 2023 revenue ~$50.9M, up 20% YoY; net income ~$1.0M vs $5.9M loss in Q4 2022.
Full-year 2023 revenue ~$181.9M, up 6%; net loss ~$14.6M vs $55.0M loss in 2022.
Reduced debt by early settling $7.8M of equipment lease liabilities from Rock Hill closure.
Liquidity (cash + available borrowings) increased to $35.0M at Dec 31, 2023 from $16.1M a year ago.
Closed rights offering for gross proceeds C$30.0M on Jan 9, 2024; extended RBC Facility on Feb 9.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the fourth quarter and year ended December 31, 2023 results: revenue approximately $50.9 million, net income approximately $1.0 million.

Period: the fourth quarter and year ended December 31, 2023
Revenue: approximately $50.9 million
Net income: approximately $1.0 million
Result: preliminary results

Exact text from the filing

31, 2023. Unless otherwise stated, financial information in this news release is presented in U.S. dollars. • Fourth quarter 2023 revenue is expected to be approximately $50.9 million, an increase of $8.5 million or 20% from $42.4 million for the same period in 2022, and a $1.4 million or 3% increase from the third quarter of 2023. • Net income after tax for

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Source: SEC EDGAR

accession 0000950170-24-014075

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