DIRTT Q2 2024 revenue down 8% YoY to $41.2M; adjusted EBITDA $3.2M

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2024-Q2 EPS reported $0.02 revenue$82,048,000

Revenue $41.2M (-8% YoY); net income $0.6M vs $2.2M in Q2 2023.
Gross margin 37.3% (vs 32.5% YoY); adjusted EBITDA $3.2M (7.7% rev) vs $1.9M (4.1%).
Liquidity $50.1M at June 30, up from $35.0M at Dec 31, 2023.
Repurchased C$32.6M principal of convertible debentures at ~4% discount; 22NW no longer holds any debentures.
Adopted amended shareholder rights plan and entered support/standstill agreement with top two shareholders.

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