DIRTT Environmental Solutions Ltd. designs, manufactures, and installs prefabricated interior solutions for use primarily in commercial spaces across various industries and businesses in the United States, Canada, internationally. Its ICE software interior construction technology provides integration and management, from design through engineering, manufacturing, and installation. The company's interior construction solutions include prefabricated, customized interior modular walls, ceilings, and floors; decorative and functional millwork; power infrastructure; network infrastructure; and pre-installed medical gas piping systems. It offers interior construction solutions through a network of independent distribution partners. It serves commercial, healthcare, education, hospitality, and other industries, as well as medical gas piping systems for healthcare. DIRTT Environmental Solutions Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NASDAQ
Website: dirtt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2021 | $4.75 → $3.50 | Outperform | Raymond James |
| 8/6/2021 | $3.75 → $4.75 | Outperform | Raymond James |
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4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
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Raymond James reiterated coverage of Dirtt Environmental Solns with a rating of Outperform and set a new price target of $3.50 from $4.75 previously
Raymond James reiterated coverage of Dirtt Environmental Solns with a rating of Outperform and set a new price target of $4.75 from $3.75 previously
Raymond James reiterated coverage of Dirtt Environmental Solns with a rating of Outperform and set a new price target of $3.75 from $3.50 previously
National Bank Financial Inc downgraded Dirtt Environmental Solns from Market Outperform to Sector Perform and set a new price target of $4.30
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4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
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4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
4 - DIRTT ENVIRONMENTAL SOLUTIONS LTD (0001340476) (Issuer)
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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". The Company estimates a recurring annual cost savings of approximately USD $400,000 from the delisting. Otherwise, the Company's business operations will not be affected, nor will its commitment to delivering value to customers,
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. Armstrong School District Part of the Armstrong School District, West Hills Primary School a kindergarten to third grade elementary sc
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. Pivot Interiors, a DIRTT Construct
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. Second Quarter 2023 Highlights Revenue of $44.8 million, up 22% from the first quarter and flat compared to prior year period.Gross Profit margin improvement of 1,849 bps from prior year period.Achieved Adjusted EBITDA(1) of $1.9 million (4.1% of revenue), up $11.3 million from prior year period.Liquidity of $28.1 million a
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. The Globe Building – a top-tier office space in the heart of downtown St. Louis' innovation district – turned to DIRTT and Built for an interior solution that matched the high-tech intent of the building and
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. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on Thursday, August 3rd, 2023, at 8:00 a.m. MST (10:00 a.m. EST). The call and webcast will be hosted by Benjamin Urban, chief executive officer and Brad Little, chief financial officer. Click here to listen to the live webcast of the call. The webcast is listen-only
BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the second quarter of 2023. The Company also announced senior management team promotions and details for its second quarter earnings conference call and webcast to be held on August 3, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "As evidenced by the strong leasing results we have reported again this quarter and the continued progress on our development program and balance sheet, Plymouth possesses a deep bench, a wealth of real estate experience on our senior management team and a commitment across the entire organization to deliver e
CHICAGO, June 08, 2023 (GLOBE NEWSWIRE) -- DIRTT (or the "Company") (NASDAQ:DRTT, TSX:DRT), a global leader in industrialized construction, is hosting DIRTT Connext 2023, where architects and designers will experience first-hand how industrialized construction can build high-performing and adaptable workplace, education, and healthcare spaces. DIRTT Connext tours will take place June 12 and 13 at the DIRTT Experience Center located at 325 N. Wells Street, Chicago to coincide with NeoCon, one of the biggest events of the year for the commercial interior design industry. DIRTT's Experience Center features over 18 vignette areas showcasing the power of industrialized construction and demons
CALGARY, Alberta, June 07, 2023 (GLOBE NEWSWIRE) -- DIRTT (or the "Company") (NASDAQ:DRTT, TSX:DRT), a global leader in industrialized construction, is welcoming Empire Office to its global Partner network. For over 75 years, Empire Office activates spaces by delivering all-inclusive architectural and custom-built solutions that help to bring their clients' brands to life. Benjamin Urban, CEO, commented: "Bringing on Empire Office as a DIRTT Construction Partner is a milestone for our Company given their size, capabilities, and reach. Both DIRTT and Empire will leverage one another's long-standing relationships across the industry – including a number of key client accounts – to grow DI
CALGARY, Alberta, June 02, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX:DRT, NASDAQ:DRTT), a global leader in industrialized construction, is pleased to announce that it has issued 3,899,745 common shares of DIRTT to 22NW Fund, LP at a deemed price of $0.40 per common share, as reimbursement for legal and other expenses incurred by 22NW Fund, LP in connection with the Company's contested director election at the annual and special meeting of shareholders held on April 26, 2022. The agreement to issue the common shares was previously announced by the Company on March 16, 2023, subject to shareholder approval, which approval was received at the
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CALGARY, Alberta, Aug. 18, 2022 (GLOBE NEWSWIRE) -- DIRTT (or the "Company") (NASDAQ:DRTT, TSX:DRT), a global leader in industrialized construction, is pleased to welcome Brad Little as its new Chief Financial Officer, effective August 23, 2022. Working out of DIRTT's headquarters in Calgary, Alberta, Brad will lead the finance team as DIRTT continues to realign the organization and actively reinvest to focus on our strengths, building agile environments designed to help our clients navigate change. Brad brings over 20 years of progressive experience in finance with companies including Black Mountain Sand, Cornerstone Building Brands, Willbros, Technip, and PricewaterhouseCoopers. In addi
CALGARY, Alberta, April 26, 2022 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT") (NASDAQ:DRTT, TSX:DRT) today announced the results of the proposals submitted to shareholders at its annual and special meeting of shareholders held on April 26, 2022 (the "Meeting"). Proposal No. 1: Election of Directors The results of the vote for those elected as directors are as follows: NomineeVotes For Votes Withheld NumberPercentNumberPercentCharlie Chiappone14,405,38920.86%472,0460.68%Michael T. Ford14,459,21420.94%418,2210.61%Denise E. Karkkainen14,222,50620.59%654,9290.95%Shauna R. King14,267,65820.66%609,7770.88%Todd W. Lillibridge14,227,43020.60
Highlights include: Launching Partner Advisory CouncilConfidence in market recovery and new opportunitiesAppointment of additional New York partner CALGARY, Alberta, March 16, 2022 (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 commencement of partner initiatives supporting enhanced performance. "Our partners are critical to our success, which is what makes these initiatives so important to DIRTT," says Todd Lillibridge, Interim Chief Executive Officer. "Working alongside these indust
Aron English's resume-building aspirations should not come at the expense of forward momentum The Alberta Securities Commission found that activist Aron English and his fund 22NW breached securities laws, but elected to not impose sanctions Given the evidence uncovered against 22NW, DIRTT was duty-bound to pursue the application and strongly disagrees with the decision of the Commission Aron English's quest for a board seat is about advancing his career not what is best for the Company; his vague calls for "change" and lack of a plan expose his commitment to a ‘Stay the Course' agendaDIRTT has the right team and the right plan, and necessary changes are happening just as the world re-emerge
CALGARY, Alberta, Jan. 18, 2022 (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 the departure of Kevin O'Meara as the Company's CEO and as a director. Todd Lillibridge, the Board Chair, has been appointed Interim CEO, and will serve until his replacement is named. The Board also named Michael Ford as Lead Independent Director for the period Mr. Lillibridge serves as CEO. The Board has retained an executive search firm to help it identify a permanent leader for the Company.
CALGARY, Alberta, Jan. 04, 2022 (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 provided an update regarding the requisition (the "Requisition") made by an activist investor, 22NW Fund, LP, ("22NW" or the "Activist"), and reiterates that notwithstanding its concerns regarding the Activist's conduct, the committee of its independent directors (the "Special Committee") tasked with reviewing and considering the Requisition remains committed to engaging in discussions with the Activist reg
CALGARY, Alberta, July 09, 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, announced today that the Board of Directors has unanimously appointed Todd Lillibridge as Chair of the Board of DIRTT, succeeding Steven Parry who plans to retire from the Board next May in connection with the Company's 2022 annual meeting of shareholders. Following the 2022 annual meeting, the DIRTT Board is anticipated to be comprised of seven directors, including the Board Chair. As part of these changes, director Diana Rhoten has succeede
CALGARY, Alberta, March 23, 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, is pleased to announce that Jim Lynch and Diana Rhoten have joined the Company’s board of directors (the “Board”), effective immediately. Mr. Lynch is a recognized leader in the construction software industry and is currently senior vice president and general manager of Autodesk Construction Solutions. In this role, he leads Autodesk’s efforts to create and deliver a broad set of products and solutions, incl
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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. Second Quarter 2023 Highlights Revenue of $44.8 million, up 22% from the first quarter and flat compared to prior year period.Gross Profit margin improvement of 1,849 bps from prior year period.Achieved Adjusted EBITDA(1) of $1.9 million (4.1% of revenue), up $11.3 million from prior year period.Liquidity of $28.1 million a
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. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on Thursday, August 3rd, 2023, at 8:00 a.m. MST (10:00 a.m. EST). The call and webcast will be hosted by Benjamin Urban, chief executive officer and Brad Little, chief financial officer. Click here to listen to the live webcast of the call. The webcast is listen-only
BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the second quarter of 2023. The Company also announced senior management team promotions and details for its second quarter earnings conference call and webcast to be held on August 3, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "As evidenced by the strong leasing results we have reported again this quarter and the continued progress on our development program and balance sheet, Plymouth possesses a deep bench, a wealth of real estate experience on our senior management team and a commitment across the entire organization to deliver e
CALGARY, Alberta, May 09, 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 months ended March 31, 2023. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. First Quarter 2023 Highlights Revenue decreased 4% to $36.7 million for the quarter, compared to the prior year's first quarter. Gross Profit margin improved by 1,507 bps from the first quarter of 2022 due to previously implemented price increases and reductions made to our fixed cost structure.Net loss improved by $11.6 million t
CALGARY, Alberta, May 02, 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 first quarter 2023 financial results on Tuesday, May 9th, 2023, after markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on Wednesday, May 10th 2023, at 8:00 a.m. MST (10:00 a.m. EST). The call and webcast will be hosted by Benjamin Urban, chief executive officer and Brad Little, chief financial officer. Click here to listen to the live webcast of the call. The webcast is listen-only. Th
CALGARY, Alberta, Feb. 22, 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 months ended December 31, 2022. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. Fourth Quarter 2022 Highlights Achieved positive Adjusted EBITDA(1) for the first time since the third quarter of 2020.Unrestricted cash increased to $10.8 million, up $4.0 million compared to September 30, 2022.Liquidity increased to $16.1 million, an increase of $0.3 million or 2% from September 30, 2022.Revenue decreased 1%
CALGARY, Alberta, Feb. 13, 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 fourth quarter and year-end 2022 financial results on Wednesday, February 22, 2023, after markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on Thursday, February 23, 2023, at 8:00 a.m. MST (10:00 a.m. EST). The call and webcast will be hosted by Benjamin Urban, chief executive officer and Brad Little, chief financial officer. Click here to listen to the live webcast of the call. The webcast
CALGARY, Alberta, Nov. 14, 2022 (GLOBE NEWSWIRE) -- CALGARY, Alberta, November 14, 2022 (GLOBE NEWSWIRE) – DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (NASDAQ:DRTT, TSX:DRT), a global leader in industrialized construction, today announced its financial results for the three months ended September 30, 2022. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. The Company is also pleased to announce that 22 NW Fund, LP ("22NW"), 726 BC LLC and 726 BF LLC (together "726"), and all of the directors and executive officers of the Company have entered into irrevocable subscription agreements to purchase, in aggregate, up to 8,871,
CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- DIRTT (or the "Company") (NASDAQ:DRTT, TSX:DRT), announced today that it will release financial results for its third quarter ended September 30, 2022, after the market closes on Monday, November 14, 2022. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on November 14, starting at 3:30 p.m. MT (5:30 p.m. ET). The call and webcast will be hosted by Benjamin Urban, chief executive officer, Brad Little, chief financial officer, and Cassondra Dickin, director of strategic marketing. Click here to listen to the live webcast of the call. The webcast is listen-only. Those
CALGARY, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (NASDAQ:DRTT, TSX:DRT), a global leader in industrialized construction, today announced its financial results for the three months ended June 30, 2022. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. Second Quarter 2022 Revenue of $44.7 millionGross profit margin of 14.0%Adjusted Gross Profit Margin1 of 18.9%Net loss of $19.3 millionNet loss margin of (43.1%)Adjusted EBITDA1 of ($9.4) millionAdjusted EBITDA Margin1 of (21.1%)Total available liquidity of $31.0 million, including $19.7 million of unrestricted cash Note: (1)
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