DIRTT Q2 revenue flat at $44.8M; Adj EBITDA turns positive to $1.9M; names new CFO

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2023-Q2 EPS reported -$0.09 revenue$81,461,000

Revenue $44.8M, flat YoY but up 22% QoQ; gross margin improved 1,849 bps from prior year.
Adj EBITDA $1.9M (4.1% rev), up $11.3M from prior year period (-$9.4M).
Liquidity $28.1M vs $16.1M at Dec 2022; includes $10M cash from AWI patent/software transaction.
Fareeha Khan appointed CFO effective August 25, 2023; she was VP of Finance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the quarter ended June 30, 2023 results: revenue $44.8 million.

Period: the quarter ended June 30, 2023
Revenue: $44.8 million
Result: reported results

Exact text from the filing

Revenue of $44.8 million, up 22% from the first quarter and flat compared to prior year period.

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Source: SEC EDGAR

accession 0001193125-23-201817

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