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DIRTT Environmental Solutions Ltd. (T:DRT)

Business Focus: Construction Supplies & Fixtures (NEC)

Sector:  Consumer Cyclicals Industry:  Construction Supplies & Fixtures
 
Company Contact
Address: 7303 30 St SE
CALGARY AB T2C 1N6
Tel: N/A
Website: https://www.dirtt.net
IR: See website
Key People
Benjamin Urban
Chief Executive Officer, Director
Fareeha Khan
Chief Financial Officer
Richard J. Hunter
Chief Operating Officer
Nandini Somayaji
Senior Vice President - Talent, General Counsel, Company Secretary
James Mulawyshyn
Senior Vice President - Technology
 
Business Overview
DIRTT Environmental Solutions Ltd. is a Canada-based industrialized construction company. The Company's system of physical products and digital tools enables organizations. The Company operates in the workplace, healthcare, education and public sector markets. Its proprietary design integration software, ICE, translates the vision of architects and designers into a three-dimensional (3D) model that also acts as manufacturing information. ICE is also licensed to unrelated companies and construction partners of the Company. Its interior solid walls connect to all other products in the DIRTT construction system. DIRTT glass walls can accommodate base building variance and acoustic requirements. Its headwalls are a modular multi-trade healthcare headwall system. Its doors integrate with its solid and glass wall assemblies. A wide range of types and styles supports design with doors that can be specified to support green building initiatives.
Financial Overview
For the fiscal year ended 31 December 2023, Dirtt Environmental Solutions Ltd revenues increased 6% to $181.9M. Net loss decreased 73% to $14.6M. Revenues reflect Product segment increase of 7% to $158.4M, Licenses segment increase of 8% to $840K, United States segment increase of 10% to $162M. Lower net loss reflects Reorganization decrease of 78% to $3M (expense), General and administrative decrease of 15% to $21.7M (expense).
Employees: 874 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $178.27M as of Dec 31, 2023
Annual revenue (TTM): $247.10M as of Dec 31, 2023
EBITDA (TTM): $5.57M as of Dec 31, 2023
Net annual income (TTM): -$19.81M as of Dec 31, 2023
Free cash flow (TTM): $15.47M as of Dec 31, 2023
Net Debt Last Fiscal Year: $42.60M as of Dec 31, 2023
Shares outstanding: 190,621,814 as of Feb 23, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization