News

DIRTT Selected for Major Energy Headquarter Projects in Houston

  • CALGARY, Alberta, Oct. 10, 2023 (GLOBE NEWSWIRE) -- DIRTT and its Construction Partner AGILE INTERIORS (“AGILE”) in Houston, Texas recently secured approximately $10M USD in construction projects to build new workplaces for major energy clients Bechtel and Apache. These projects were awarded due to AGILE's proven ability to deliver class A office spaces using DIRTT's innovative interior solutions and streamlined construction methodology.
    10/10/2023

22NW Fund Purchases Debentures of DIRTT Environmental Solutions Ltd

  • Seattle, Washington--(Newsfile Corp. - September 20, 2023) - 22NW Fund, LP ("22NW") announced today that it has purchased through private sales $10,426,837 CAD of the 6.00% convertible unsecured subordinated debentures due 2026 and $6,836,048 CAD of the 6.25% convertible unsecured subordinated debentures due 2026 (collectively, the "Purchased Debentures") of DIRTT Environmental Solutions Ltd. ("DIRTT").
    09/20/2023
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The price of DIRTT Environmental Solutions Ltd. (DRTT) is 0.3343 and it was updated on 2024-12-26 07:01:57.

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Toronto Stock Exchange, Dirtt Environmental Solutions Ltd., The View From The C-Suite

  • TORONTO , Sept. 18, 2023 /PRNewswire/ - Representatives from Dirtt Environmental Solutions Ltd.
    Mon, Sep. 18, 2023

UPDATE -- DIRTT Environmental Solutions Ltd.

  • CALGARY, Alberta, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Explanatory Note: Updated below on September 11, 2023 pursuant to Form 8-K/A filed on September 11, 2023 with the SEC to explain the delisting DIRTT to Delist from Nasdaq Exchange; Public Trading on Toronto Stock Exchange Will Continue DIRTT Environmental Solutions Ltd.
    Mon, Sep. 11, 2023

DIRTT to Voluntarily Delist from Nasdaq Exchange; Public Trading on Toronto Stock Exchange Will Continue

  • CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, announced today that it will voluntarily delist from The Nasdaq Stock Market (“Nasdaq”) on or around September 15, 2023. After the voluntary delisting, all current and future DIRTT shareholders will retain their ability to publicly trade DIRTT shares on the Toronto Stock Exchange (TSX) under the symbol "DRT".
    Wed, Sep. 06, 2023

DIRTT Selected for Innovative Education Projects in Kentucky and Western Pennsylvania

  • CALGARY, Alberta, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DIRTT and its Construction Partners Construkt in Pittsburgh, Pennsylvania, and ID+A in Louisville, Kentucky proudly announce they recently secured over $6M USD in construction projects with major education clients including Armstrong School District, Western Kentucky University, and Berea College. These projects were awarded due to Construkt and ID+A's proven abilities to deliver dynamic and modern learning environments using DIRTT's innovative interior solutions and streamlined construction methodology.
    Tue, Aug. 15, 2023

DIRTT Continues Expansion Across Construction Partner Network

  • CALGARY, Alberta, Aug. 08, 2023 (GLOBE NEWSWIRE) -- DIRTT, a global leader in industrialized construction, is pleased to announce the expansion of DIRTT Construction Partner, Pivot Interiors , into the Northern California market and welcomes a new DIRTT Construction Partner, Action Office , covering the province of Saskatchewan. These strategic additions will allow DIRTT to continue its growth and client support in these regions by bolstering the strong coverage in place. The new partners will join The Berg Group in Northern California and Agile Walls in Regina, Saskatchewan who continue to deliver best in class DIRTT design and construction experiences.
    Tue, Aug. 08, 2023
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DIRTT Reports Second Quarter 2023 Financial Results

  • CALGARY, Alberta, Aug. 02, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (Nasdaq: DRTT, TSX: DRT), a leader in industrialized construction, today announced its financial results for the three and six months ended June 30, 2023. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.
  • 08/02/2023

DIRTT and Built Interior Construction Win Three New Innovative Workplace Projects

  • CALGARY, Alberta, July 18, 2023 (GLOBE NEWSWIRE) -- DIRTT and its construction partner Built Interior Construction in St. Louis, Missouri announced today they recently secured $2M USD in construction projects with major clients The Globe Building, Kingsway Development, and CFG Bank. These projects were awarded in recognition of Built's strong reputation as a specialty subcontractor in the St. Louis market and highlight client confidence in DIRTT's innovative construction solutions.
  • 07/18/2023

DIRTT to Release Q2 2023 Financial Results August 2

  • CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), a leader in industrialized construction, announced today that it will release its second quarter 2023 financial results on Wednesday, August 2nd, 2023, after markets close.
  • 07/17/2023

3 Penny Stocks The Insiders Are Buying

  • Penny stocks come with many risks, but with those risks come the potential for great rewards. While there is no guarantee which penny stocks will deliver those rewards, following the insiders is 1 way to find them.
  • 02/28/2023

DIRTT Environmental Solutions Ltd. (DRTT) Q4 2022 Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Benjamin Urban - Chief Executive Officer Bradley Little - Chief Financial Officer Conference Call Participants Gregory Palm - Craig-Hallum Capital Operator Thank you for standing by.
  • 02/25/2023

Penny Stocks To Buy Now? 10 Stocks Under $1 To Watch

  • Penny stocks to watch trading under $1 right now. The post Penny Stocks To Buy Now?
  • 12/14/2022

DIRTT Environmental Solutions Ltd. (DRTT) Q3 2022 Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT ) Q3 2022 Earnings Conference Call November 14, 2022 5:30 PM ET Company Participants Cassondra Dickin – Director-Strategic Marketing Benjamin Urban – Chief Executive Officer Brad Little – Chief Financial Officer Conference Call Participants Greg Palm – Craig-Hallum Operator Thank you for standing by.
  • 11/14/2022

DIRTT Environmental Solutions Ltd. (DRTT) CEO Benjamin Urban on Q2 2022 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Kim MacEachern - Director of Investor Relations Benjamin Urban - Chief Executive Officer Geoff Krause - Chief Financial Officer Conference Call Participants Rupert Merer - National Bank Neil Linsdell - iA Capital Markets Operator Good day.
  • 07/29/2022

DIRTT Environmental Solutions Ltd. (DRTT) CEO Geoff Krause on Q1 2022 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Kim MacEachern - Director, Investor Relations Geoff Krause - Co-Interim Chief Executive Officer Ken Sanders - Board Chair Jeff Calkins - Co-Interim Chief Executive Officer & Chief Operating Officer Conference Call Participants Danny Eggerichs - Craig-Hallum Capital Group Rupert Merer - National Bank Financial Neil Linsdell - iA Capital Markets Operator This is the conference operator.
  • 05/08/2022

DIRTT Environmental Solutions: Underperformance, Activism, And Infighting

  • DIRTT is a provider of off-site pre-fab materials and design solutions, particularly for interior construction. DIRTT has had numerous issues over the past three years in regards to their financial performance, both during the pandemic and prior.
  • 04/28/2022

DIRTT Environmental Solutions Ltd. (DRTT) CEO Todd Lillibridge on Q4 2021 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (DRTT) CEO Todd Lillibridge on Q4 2021 Results - Earnings Call Transcript
  • 02/26/2022

DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q3 2021 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q3 2021 Results - Earnings Call Transcript
  • 11/07/2021

DIRTT to release 2021 third quarter financial results November 3

  • Earnings call and webcast to be held November 4 Earnings call and webcast to be held November 4
  • 10/12/2021

DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q2 2021 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q2 2021 Results - Earnings Call Transcript
  • 08/08/2021

Dirtt Environmental Stock Gains As Raymond James Raises Price Target

  • Raymond James raised the price target on Dirtt Environmental Solutions Ltd (NASDAQ: DRTT) to $4.75 from $3.75 and maintained the Outperform rating after its Q2 results. It implies a 9.2% upside from Thursday's closing price of $4.35.
  • 08/06/2021

DIRTT Environmental Solutions Ltd. (DRTT) Reports Q2 Loss, Tops Revenue Estimates

  • DIRTT Environmental Solutions Ltd. (DRTT) delivered earnings and revenue surprises of -83.33% and 4.19%, respectively, for the quarter ended June 2021.
  • 08/04/2021

DIRTT Releases Q2 2021 Financial Results

  • CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced its financial results for the three months ended June 30, 2021. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.
  • 08/04/2021

DIRTT to Release 2021 Second Quarter Financial Results August 4

  • Earnings call and webcast to be held August 5 Earnings call and webcast to be held August 5
  • 07/13/2021

DIRTT Announces Appointment of Todd Lillibridge as Board Chair

  • Steven Parry to Retire from DIRTT Board of Directors in May 2022 Steven Parry to Retire from DIRTT Board of Directors in May 2022
  • 07/09/2021

DIRTT Expands Litigation Against Falkbuilt in Texas and Seeks Order Compelling Smed and Loberg to Attend Depositions in Canada

  • CALGARY, Alberta, June 24, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”) (TSX: DRT, NASDAQ: DRTT) an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, announces that it has expanded its litigation against Falkbuilt (a company started by two of DIRTT's founders Mogens Smed and Barrie Loberg), and continues to aggressively pursue Smed, Loberg and Falkbuilt via four separate lawsuits across North America, as outlined below.
  • 06/24/2021

DIRTT expands investment in US manufacturing to support future construction demand; announces opening of newest manufacturing facility in South Carolina

  • CALGARY, Alberta, June 08, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (NASDAQ: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, announces the opening of their newest manufacturing plant located in Rock Hill, within York County, South Carolina. The company's other manufacturing facilities are located in Phoenix, Arizona, Savannah, Georgia, and Calgary, Alberta, serving clients across the United States and Canada.
  • 06/08/2021

DIRTT Releases Inaugural ESG Report

  • CALGARY, Alberta, June 03, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (NASDAQ: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today released its inaugural Environmental, Social and Governance (ESG) Report.
  • 06/03/2021

DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q1 2021 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q1 2021 Results - Earnings Call Transcript
  • 05/09/2021

DIRTT Environmental Solutions Ltd. (DRTT) Reports Q1 Loss, Lags Revenue Estimates

  • DIRTT Environmental Solutions Ltd. (DRTT) delivered earnings and revenue surprises of -200.00% and -17.23%, respectively, for the quarter ended March 2021.
  • 05/05/2021

DIRTT Releases Q1 2021 Financial Results

  • CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced its financial results for the three months ended March 31, 2021. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.
  • 05/05/2021

Analysts Estimate DIRTT Environmental Solutions Ltd. (DRTT) to Report a Decline in Earnings: What to Look Out for

  • DIRTT Environmental Solutions Ltd. (DRTT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
  • 04/28/2021

DIRTT to release 2021 first quarter financial results May 5

  • Earnings call and webcast and Annual General Meeting to be held May 6 Earnings call and webcast and Annual General Meeting to be held May 6
  • 04/20/2021

DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q4 2020 Results - Earnings Call Transcript

  • DIRTT Environmental Solutions Ltd. (DRTT) CEO Kevin O'Meara on Q4 2020 Results - Earnings Call Transcript
  • 02/27/2021

DIRTT Releases Fourth Quarter and Full Year 2020 Financial Results

  • CALGARY, Alberta, Feb. 24, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced its financial results for the three and twelve months ended December 31, 2020. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.
  • 02/24/2021

DIRTT to release 2020 year-end financial results February 24

  • Earnings call and webcast to be held February 25 Earnings call and webcast to be held February 25
  • 02/05/2021

DIRTT announces exercise in full of Over-Allotment Option

  • CALGARY, Alberta, Jan. 29, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, is pleased to announce that the Underwriters (as defined below) have exercised in full and closed on their over-allotment option (the "Over-Allotment Option") to purchase up to an additional C$5.25 million aggregate principal amount of 6.00% convertible unsecured subordinated debentures in connection with the previously announced offering, which closed on January 25, 2021 (the "Offering"). As a result of the Underwriters' exercise of the Over-Allotment Option in full, the aggregate gross proceeds of the Offering were C$40.25 million.
  • 01/29/2021

DIRTT announces completion of C$35 million convertible debenture bought deal financing

  • CALGARY, Alberta, Jan. 25, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, is pleased to announce the successful closing of the issue and sale of C$35 million aggregate principal amount of 6.00% convertible unsecured subordinated debentures (the "Debentures"). The Debentures were offered to the public through a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc. The Company has also granted the Underwriters an over-allotment option to purchase up to an additional C$5.25 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Offering.
  • 01/25/2021

DIRTT announces C$35 million convertible debenture bought deal financing

  • CALGARY, Alberta, Jan. 07, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, is pleased to announce that it has entered into a C$35 million bought-deal financing (the "Offering") of 6.00% convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc. The Company has also granted the Underwriters an over-allotment option to purchase up to an additional C$5.25 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Offering.
  • 01/07/2021

Need To Know: DIRTT Environmental Solutions Ltd. (TSE:DRT) Insiders Have Been Buying Shares

  • It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
  • 07/31/2020

DIRTT Environmental Solutions Ltd. (DRTT) Q2 2020 Earnings Call Transcript

  • Ladies and gentlemen, thank you for standing by and welcome to the DIRTT Environmental Solutions 2020 Second Quarter Financial Results Conference Call. Good morning, everyone, and welcome to today's call to discuss DIRTT's second quarter 2020 results. Joining me on the call are DIRTT's Chief Executive Officer Kevin O'Meara and Chief Financial Officer Geoff Krause.
  • 07/31/2020

DIRTT Environmental Solutions Ltd. 2020 Q2 - Results - Earnings Call Presentation

  • The following slide deck was published by DIRTT Environmental Solutions Ltd. in conjunction with their 2020 Q2 earnings call..
  • 07/31/2020

DIRTT Releases Q2 2020 Financial Results

  • Announces Additions to Board of DirectorsCALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT,” the “Company,” “we” or “us”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for client-driven design and manufacturing, today announced its financial results for the three and six months ended June 30, 2020. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. Second Quarter 2020 * Revenue of $42.2 million * Gross profit margin of 33.7% * Adjusted Gross Profit Margin1 of 38.2% * Net income of $0.3 million * Net income margin of 0.7% * Adjusted EBITDA1 of $0.3 million * Adjusted EBITDA Margin1 of 0.6% * $44.6 million cash balanceNote: (1) See “Non-GAAP Financial Measures”. We have revised our calculations of Adjusted Gross Profit Margin and Adjusted EBITDA for the periods presented. Management Commentary“We continued making steady progress in implementing key elements of our strategic plan despite adjusting our hiring plans in reaction to the COVID-19 pandemic,” stated CEO Kevin O’Meara. “Strengthening our commercial capabilities, we welcomed our director of strategic accounts and enterprise sales, whose industry experience includes 25 years with Herman Miller, most recently as Senior Vice President of Sales and five years as president of Trendway, a manufacturer of office furniture and systems. We hired the last of our four regional sales directors, broadened our partner network with five new partners, and will soon re-open our DIRTT Experience Centers to client tours. We also implemented phase one of our CRM system, which we expect will significantly strengthen our ability to manage lead generation and our end to end sales pipeline.“Leveraging our many new capabilities, on July 7th we launched Make Space for Possibilities™, DIRTT’s first-ever comprehensive strategic marketing campaign. The campaign integrates our Company’s expanded sales, marketing and product efforts, illustrating our in-depth approach to enhancing sales execution. Make Space for Possibilitie™ highlights the ability of DIRTT solutions to meet the needs of individuals, teams and organizations seeking greater adaptability within their workplaces and real estate portfolios as they adjust to the long-term impacts of COVID-19.”Mr. O’Meara concluded, “Despite dramatic economic shifts due to the pandemic and its impact on the construction industry, our second quarter revenue of $42.2 million slightly exceeded our first quarter revenue and we delivered modestly positive adjusted EBITDA. Given the uncertain macro-environment, we continued to take measures to conserve financial liquidity and maintain our strong balance sheet and ended the quarter with just under $45 million of cash. In the second half of 2020, we will be laser-focused on leveraging opportunities to accelerate the shift from conventional to modular construction and, in the process, positioning DIRTT to achieve sustained, long-term market share growth.”Board of DirectorsDIRTT is pleased to announce that Michael T. Ford and Shauna R. King will be joining the Company’s board effective August 1, 2020. Mr. Ford is Head of Global Real Estate & Security for Microsoft Corporation, with responsibility for a multi-billion-dollar real estate portfolio including more than 38 million square feet across 113 countries. Ms. King was formerly Vice President, Finance and Business Operations for Yale University and, prior to that, held many leadership positions with PepsiCo, Inc., including Global Chief Information Officer and Chief Transformation Officer. DIRTT also announces the resignation of Christine McGinley from the board, effective August 31. Ms. McGinley has been a director of DIRTT since 2013 and is the current chair of the Audit Committee. Ms. McGinley was instrumental in leading the board's efforts in relation to the Company's recent Nasdaq listing and the Company's conversion from IFRS accounting to US GAAP. Management and the board thank Ms. McGinley for her significant contributions to the board and the Company.Upon the effectiveness of their appointment, Mr. Ford and Ms. King will both join the Audit Committee along with current members Wayne Boulais and Denise Karkkainen, with Ms. King assuming the role of Audit Committee Chair.Second Quarter Financial ReviewRevenue for the second quarter of 2020 was $42.2 million compared to $64.1 million reported in the second quarter of 2019. In the second quarter of 2020, we experienced the ongoing effects of disruption in sales activity levels stemming from the transitional state of our commercial function as we implement our strategic plan. Our revenues were also impacted by the COVID-19 pandemic. We estimate approximately $3.7 million of projects that we were highly confident of second quarter delivery at March 15 which were deferred to future quarters in addition to opportunities that would normally have come to fruition that were delayed or deferred, the amount of which is not possible to quantify.Correspondingly, gross profit for the second quarter of 2020 declined to $14.2 million from $24.4 million in the prior year period. Gross profit margin decreased to 33.7% of revenue in the second quarter from 38.1% in the prior year period, but up from 27.6% in the first quarter of 2020. Gross profit for the second quarter was impacted by reduced fixed cost leverage on lower revenues and $0.5 million of severance costs offset by a $1.2 million timber provision reversal, following the validation of an in-situ remediation solution.Adjusted Gross Profit Margin in the second quarter decreased to 38.2% from 42.1% in the prior year period.Sales and marketing expenses decreased to $6.2 million for the second quarter of 2020 from $9.5 million in the prior year period. The decline was caused primarily by a reduction in commission expense on lower revenue; lower travel, meals and entertainment expenses due to restriction on travel as a result of COVID-19; the cancellation of the annual Connext trade show in June as a result of COVID-19; as well as continued attention to cost discipline. Included in sales and marketing expenses in the prior year period were $1.3 million of consulting costs related to our sales and marketing plan that did not recur in 2020. As economies re-open, we anticipate travel and entertainment expenses to increase over current levels, the timing and amount of which, however, are indeterminate.General and administrative expenses decreased to $6.2 million for the second quarter of 2020 from $6.9 million for the prior year period. The decrease reflects expense reductions, both deliberate and as a result of COVID-19 combined with $0.4 million of professional fees related to the listing of our common shares on Nasdaq that did not recur. These reductions were partially offset by $0.9 million of higher legal costs.Operations support expenses decreased to $2.3 million in the second quarter of 2020 from $2.9 million for the prior year period. In the second quarter of 2019 we incurred $0.7 million of consulting costs to assist with the rectification of the tile warping issue that did not recur in 2020.Technology and development expenses of $2.1 million for the second quarter of 2020 were consistent with $2.0 million in the prior year period.Net income for the second quarter of 2020 was $0.3 million or $0.00 per share compared to net income of $2.6 million or $0.03 per share for the second quarter of 2019. The decrease was a result of changes in gross profit and operating expenses as described above, increased stock-based compensation expense, as in 2019 stock-based compensation expense included a fair value adjustment on cash settled options, and a $0.5 million increase in foreign exchange losses partially offset by $4.3 million of government subsidies and lower income tax expense. Adjusted EBITDA and Adjusted EBITDA Margin for the three months ended June 30, 2020 decreased to $0.3 million or 0.6% from $6.0 million or 9.4% in the same period of 2019. This reflects a $10.9 million decrease in Adjusted Gross Profit and $0.9 million of higher legal costs in 2020, partially offset by reduced commissions on lower revenues and decreased spending on travel, meals and entertainment, including tradeshows due to COVID-19 as well as cost reduction initiatives. Additionally, in the second quarter of 2019 we incurred $1.3 million of consulting costs for our sales and marketing plan and $0.4 million of costs related to the listing of our common shares on Nasdaq, neither of which recurred in 2020.Conference Call and Webcast DetailsA conference call and webcast for the investment community is scheduled for Thursday, July 30, 2020 at 8:00 a.m. MDT (10:00 a.m. EDT). The call and webcast will be hosted by Kevin O’Meara, chief executive officer, Geoff Krause, chief financial officer, and Kim MacEachern, director of investor relations.The conference call will be broadcast live in listen-only mode available through the Company website at dirtt.com/investors. Alternatively, click here to listen to the live webcast.To join by telephone, dial +1-877-479-7708 (toll-free in North America) or +1-647-427-2478 (international). Please dial in a minimum of 15 minutes prior to the start time.Investors are invited to submit questions to ir@dirtt.com before and during the call. Supplemental information slides will be available within the webcast and at dirtt.com/investors prior to the call start.A replay of the webcast will be available online and on DIRTT’s website.Statement of OperationsThe following unaudited table presents DIRTT’s consolidated statements of operations for the three and six -month periods ended June 30, 2020 and 2019.
  • 07/29/2020

DIRTT announces upcoming conference schedule

  • CALGARY, Alberta, July 27, 2020 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for client-driven design and manufacturing, is pleased to announce its plans to participate in the following investment conferences. * Jefferies Virtual Industrials Conference Wednesday, August 5th, 2020 * 9th Annual Needham Virtual Industrial Technologies 1x1 Conference Monday, August 10th, 2020 * RBC Global Industrials Virtual Conference Tuesday, September 15th, 2020 * D.A. Davidson 19th Annual Diversified Industrials and Services Virtual Conference Tuesday, September 22nd, 2020DIRTT plans to meet one-on-one with institutional investors at the conferences, which are all being held virtually. DIRTT’s current investor presentation is available in the investors section of the DIRTT website at dirtt.com/investors.ABOUT DIRTTDIRTT is a building process powered by technology. DIRTT uses its proprietary ICE® software to design, manufacture and install fully customized interior environments. The technology drives DIRTT’s advanced manufacturing and provides certainty on cost, schedule and the final result. Complete interior spaces are constructed faster, cleaner and more sustainably. DIRTT’s manufacturing facilities are located in Phoenix, Savannah and Calgary. DIRTT works with nearly 100 sales partners globally. For more information visit dirtt.com/investors. CONTACT: FOR FURTHER INFORMATION, PLEASE CONTACT Kim MacEachern Investor Relations, DIRTT 403-618-4539 kmaceachern@dirtt.com
  • 07/27/2020

DIRTT to release 2020 second quarter financial results July 29

  • CALGARY, Alberta, July 09, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology.
  • 07/09/2020

Is DIRTT Environmental Solutions Ltd. (DRTT) A Good Stock To Buy?

  • The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
  • 07/08/2020

DIRTT Launches Campaign to Encourage Organizations to Build Resilient Spaces That Put People First

  • DIRTT Environmental Solutions Ltd. (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses proprietary software to design, manufacture and install fully-customizable environments, announces the launch of an advocacy campaign in North America that demonstrates how pre-fabricated construction meets the evolving needs of individuals, teams and organizations seeking greater adaptability within their workplaces and real estate portfolios. Shaped by the core belief that spaces should be relevant, resilient and respectful, DIRTT wants organizations to reset and rethink, and to create spaces that are adaptable, sustainable and intentionally designed to manage the unknown.
  • 07/07/2020

DIRTT Announces Director Resignation

  • CALGARY, Alberta, June 25, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology.
  • 06/25/2020

What Kind Of Share Price Volatility Should You Expect For DIRTT Environmental Solutions Ltd. (TSE:DRT)?

  • If you own shares in DIRTT Environmental Solutions Ltd. (TSE:DRT) then it's worth thinking about how it contributes to...
  • 05/28/2020

DIRTT Announces Results of Annual and Special Meeting of Shareholders

  • CALGARY, Alberta, May 22, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT”) (TSX: DRT, NASDAQ: DRTT) is pleased to announce that all resolutions submitted to shareholders at.
  • 05/22/2020

DIRTT to Participate in 17th Annual Craig-Hallum Institutional Investor Conference

  • CALGARY, Alberta, May 14, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT,” The “Company,” “we” or “us”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses.
  • 05/14/2020

DIRTT Environmental Solutions Ltd. (DRTT) Q1 2020 Earnings Call Transcript

  • Ladies and gentlemen, thank you for standing by, and welcome to DIRTT Environmental Solutions 2020 Q1 Financial Results Conference Call. Good morning, everyone, and welcome to today's call to discuss DIRTT's first quarter 2020 results. Joining me on the call are DIRTT's Chief Executive Officer, Kevin O'Meara; and Chief Financial Officer, Geoff Krause.
  • 05/11/2020

DIRTT Releases Q1 2020 Financial Results

  • CALGARY, Alberta, May 06, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT,” the “Company,” “we” or “us”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses.
  • 05/06/2020

We're Not Worried About DIRTT Environmental Solutions's (TSE:DRT) Cash Burn

  • We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
  • 04/28/2020

DIRTT to release 2020 first quarter financial results May 6

  • CALGARY, Alberta, April 27, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses.
  • 04/27/2020

DIRTT Announces Director Resignation

  • CALGARY, Alberta, March 16, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses.
  • 03/16/2020

Tecnoglass price target lowered to $140 from $155 at Raymond James MAS;MHK;ROAD;DRTT;TGLS

  • Tecnoglass price target lowered to $140 from $155 at Raymond James Raymond James MAS MHK ROAD DRTT TGLS
  • 03/16/2020

DIRTT Environmental Solutions Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

  • There's been a major selloff in DIRTT Environmental Solutions Ltd. (TSE:DRT) shares in the week since it released its...
  • 02/28/2020

DIRTT Releases Q4 2019 and Full Year 2019 Financial Results

  • CALGARY, Alberta, Feb. 25, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (TSX:DRT, NASDAQ: DRTT), an interior construction company that uses.
  • 02/26/2020

DIRTT to Participate in 41st Annual Raymond James Institutional Investors Conference

  • CALGARY, Alberta, Feb. 19, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for.
  • 02/19/2020

What Does DIRTT Environmental Solutions Ltd.'s (TSE:DRT) Share Price Indicate?

  • DIRTT Environmental Solutions Ltd. (TSE:DRT), which is in the building business, and is based in Canada, saw a decent...
  • 02/11/2020

DIRTT to release 2019 year-end financial results February 25

  • CALGARY, Alberta, Feb. 03, 2020 -- DIRTT Environmental Solutions Ltd. (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for client-driven design.
  • 02/03/2020

Here's What DIRTT Environmental Solutions Ltd.'s (TSE:DRT) ROCE Can Tell Us

  • Today we'll look at DIRTT Environmental Solutions Ltd. (TSE:DRT) and reflect on its potential as an investment. In...
  • 01/12/2020

DIRTT to Participate in 22nd Annual Needham Growth Conference

  • CALGARY, Alberta, Jan. 08, 2020 -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology.
  • 01/08/2020

Are DIRTT Environmental Solutions Ltd. (TSE:DRT) Investors Paying Above The Intrinsic Value?

  • How far off is DIRTT Environmental Solutions Ltd. (TSE:DRT) from its intrinsic value? Using the most recent financial...
  • 12/12/2019

DIRTT Makes Statement Regarding U.S. Litigation

  • DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), an interior construction company that uses technology for client-driven design and manufacturing, filed a federal lawsuit in the U.S. District Court of Utah against Falkbuilt Ltd, Falkbuilt, LLC, Falk Mountain States, LLC, Kristy Henderson, and former DIRTT employee Lance Henderson. This action seeks to restrain the defendants from misappropriating DIRTT’s confidential information, trade secrets, business intelligence and customer information, and using that information to advance Falkbuilt’s U.S. businesses to the detriment of DIRTT.
  • 12/11/2019

Investors Who Bought DIRTT Environmental Solutions (TSE:DRT) Shares Five Years Ago Are Now Up 70%

  • While DIRTT Environmental Solutions Ltd. (TSE:DRT) shareholders are probably generally happy, the stock hasn't had...
  • 10/12/2019
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