---
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"
generated_at: "2026-06-02T09:03:52.459270+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DIRTT Q1 2024 revenue up 11% to $40.8M; swings to net income of $3.0M from loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055874
- JSON: https://secwatch.observer/filing/0000950170-24-055874.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055874.txt

## Key facts
- Earnings Releases
  DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the three months ended March 31, 2024 results: revenue $40.8 million, net income $3.0 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $40.8 million
  - Net income: $3.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1340476/000095017024055874/0000950170-24-055874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.