DIRTT Q3 revenue $43.4M (-12% YoY), net income $7.1M vs loss of $6.3M

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2024-Q3 EPS reported $0.05 revenue$125,423,000

Revenue of $43.4M down 12% YoY; gross profit margin improved to 38.8% from 34.4%.
Net income after tax of $7.1M (16.3% margin) vs net loss of $6.3M in Q3 2023.
Adjusted EBITDA of $4.1M (9.4% of revenue) vs $5.3M (10.6% of revenue) year ago.
Liquidity of $34.3M at Sept 30, 2024 vs $35.0M at Dec 31, 2023.
Repurchased C$32.6M principal of 6.00% and 6.25% convertible debentures from 22NW in Q3.

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