{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-055874","form_type":"8-K","ticker":"DRTTF","cik":"0001340476","company_name":"DIRTT ENVIRONMENTAL SOLUTIONS LTD","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.020028+00:00","generated_at":"2026-06-02T09:03:52.459270+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DIRTT Q1 2024 revenue up 11% to $40.8M; swings to net income of $3.0M from loss","bullets":["Net income of $3.0M (7.5% margin) vs net loss of $11.4M in Q1 2023.","Adjusted EBITDA turned positive at $2.7M (6.5% of revenue) vs negative $3.5M.","Gross margin improved to 35.9% from 23.7% YoY on higher revenue and cost actions.","Liquidity increased to $47.5M from $35.0M at year-end; completed C$30M rights offering.","Completed C$7.0M issuer bid for debentures, reducing principal by C$10.5M; recorded $2.9M gain."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-055874","json":"https://secwatch.observer/filing/0000950170-24-055874.json","markdown":"https://secwatch.observer/filing/0000950170-24-055874.md","text":"https://secwatch.observer/filing/0000950170-24-055874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1340476/000095017024055874/0000950170-24-055874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1340476/000095017024055874/drttf-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T09:03:52.459270+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"172a5e11aaaa6d37c3e2efec86fe23189f0b1a79","claim":"DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the three months ended March 31, 2024 results: revenue $40.8 million, net income $3.0 million.","evidence_excerpt":"First Quarter 2024 Highlights • Revenue of $40.8 million in the first quarter of 2024, up 11% compared to the first quarter of 2023. • Gross profit increased to $14.6 million or 35.9% of revenue in the first quarter of 2024 from $8.7 million or 23.7% of revenue in the first quarter of 2023. • Net income after tax and net income margin for the first quarter of 2024 of $3.0 million and 7.5%, respectively, compared to a net loss after tax of $11.4 million and a net loss margin of 31.1% in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1340476/000095017024055874/0000950170-24-055874-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$40.8 million"},{"label":"Net income","value":"$3.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}