DIRTT Q4 revenue $50.9M (+20% YoY); net income $1.0M; liquidity $35M

DIRTT ENVIRONMENTAL SOLUTIONS LTD

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

Revenue $50.9M, up 20% YoY; gross profit $19.2M (37.8% revenue) from $11.6M (27.3%).
Net income $1.0M (1.9% margin) vs net loss of $5.9M in Q4 2022; Adjusted EBITDA $4.3M (8.5% revenue).
Liquidity $35.0M at Dec 31, 2023, up from $16.1M a year earlier; reduced debt by early settling $7.8M in equipment leases.
Subsequent events: closed rights offering for C$30M on Jan 9, extended RBC facility on Feb 9, and announced substantial issuer bid for up to C$15M of debentures on Feb 15.

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 0.95

DIRTT ENVIRONMENTAL SOLUTIONS LTD reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, DIRTT Environmental Solutions Ltd. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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DIRTT ENVIRONMENTAL SOLUTIONS LTD filing history →

Source: SEC EDGAR

accession 0000950170-24-018062

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