DIRTT Q1 revenue $38.3M, net loss $23M; appoints Jeff Metcalf interim CFO

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2023-Q1 EPS reported -$0.27 revenue$38,286,000

Revenue of $38.3M; gross profit margin 8.6%; adjusted gross profit margin 17.7%.
Net loss of $23.0M (net loss margin -60.2%); adjusted EBITDA -$12.0M (margin -31.2%).
Jeffrey Metcalf appointed interim CFO effective May 9, 2022, replacing Geoffrey Krause who continues as Co-Interim CEO.
Unrestricted cash balance $38.9M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Geoffrey Krause

Chief Financial Officer

DRTTF · DIRTT ENVIRONMENTAL SOLUTIONS LTD

Effective: 2022-05-09
Successor: Jeffrey Metcalf
Filed: May 4, 2022, 7:59 PM ET

Concurrent with Mr. Metcalf’s appointment, effective May 9, 2022, Geoffrey Krause, the Company’s Chief Financial Officer and Interim Co-Chief Executive Officer, will cease his role as Chief Financial Officer and continue only as the Company’s Co-Interim Chief Executive Officer.

Appointed (interim)

Jeffrey Metcalf

Interim Chief Financial Officer

DRTTF · DIRTT ENVIRONMENTAL SOLUTIONS LTD

Effective: 2022-05-09
Filed: May 4, 2022, 7:59 PM ET

On May 4, 2022, the Company’s Board of Directors appointed Jeffrey Metcalf to serve as the Company’s Interim Chief Financial Officer, effective May 9, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Geoffrey Krause changed role as Chief Financial Officer at DIRTT ENVIRONMENTAL SOLUTIONS LTD.

Action: ceased
Role: Chief Financial Officer

Exact text from the filing

Concurrent with Mr. Metcalf’s appointment, effective May 9, 2022, Geoffrey Krause, the Company’s Chief Financial Officer and Interim Co-Chief Executive Officer, will cease his role as Chief Financial Officer and continue only as the Company’s Co-Interim Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Metcalf was appointed as Interim Chief Financial Officer at DIRTT ENVIRONMENTAL SOLUTIONS LTD.

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On May 4, 2022, the Company’s Board of Directors appointed Jeffrey Metcalf to serve as the Company’s Interim Chief Financial Officer, effective May 9, 2022.

View on SEC.gov

DIRTT ENVIRONMENTAL SOLUTIONS LTD filing history →

Source: SEC EDGAR

accession 0001193125-22-140604

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