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DIRTT Environmental Solutions Ltd - DRTTF STOCK NEWS

Welcome to our dedicated news page for DIRTT Environmental Solutions (Ticker: DRTTF), a resource for investors and traders seeking the latest updates and insights on DIRTT Environmental Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DIRTT Environmental Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DIRTT Environmental Solutions's position in the market.

Rhea-AI Summary
DIRTT Environmental Solutions Ltd. announced its financial results for Q4 2023, with revenue of $50.9 million, up 20% YoY. Gross profit improved to $19.2 million, net income of $1.0 million, and adjusted EBITDA of $4.3 million. The company reduced long-term debt, closed a rights offering, and extended its RBC facility. Management highlighted positive decisions impacting revenue growth and cost structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.26%
Tags
earnings
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Rhea-AI Summary
DIRTT Environmental Solutions Ltd. announced a substantial issuer bid and tender offer to repurchase up to C$6,000,000 of its January Debentures and up to C$9,000,000 of its December Debentures. The Issuer Bid will be funded through proceeds from a previously completed rights offering. The Company will purchase a pro-rated portion of the Debentures if the total amount tendered exceeds the set limit. The formal offer documents will be available on February 15, 2024, and the Issuer Bid will be open for acceptance until March 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
none
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Rhea-AI Summary
DIRTT Environmental Solutions Ltd. announces strong financial results for Q4 2023 and full year 2023, with revenue increases and debt reduction. Net income improved significantly compared to the previous year. The company also successfully closed a rights offering and extended its RBC Facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
earnings
Rhea-AI Summary
NOLL, SHAUN reports acquisition of 16.3% of DIRTT Environmental Solutions Ltd. shares through Rights Offering
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.84%
Tags
none
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Rhea-AI Summary
DIRTT Environmental Solutions Ltd. (DRTT) completes a successful rights offering, issuing 85,714,285 common shares at a price of C$0.35 per share, resulting in aggregate gross proceeds of C$30,000,000. The offering expired on January 5, 2024, with insiders acquiring approximately 61,374,653 common shares under the offering, representing total subscription proceeds of approximately C$21,481,128.55.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
Tags
none
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Rhea-AI Summary
DIRTT (DRT) and SourceBlue, a division of Turner Construction, have announced a strategic alliance to transform the supply chain management process for construction projects. SourceBlue will offer DIRTT clients and Construction Partners a single point of contact for all of their supply chain planning and procurement requirements, aiming to address the pain points and challenges faced by the construction industry. This partnership will enable construction professionals to optimize their workflows, streamline communication, and achieve greater cost and time savings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.78%
Tags
none
Rhea-AI Summary
DIRTT Environmental Solutions Ltd. (DRTT) announced the filing of an amended and restated rights offering notice and circular for a Rights Offering to its common shareholders for aggregate gross proceeds of C$30,000,000. The offering is backed by a standby purchase agreement and 2 significant shareholders providing a standby commitment. The terms of the offering remain unchanged, and full details are available on the Company’s profile on SEDAR and the U.S. Prospectus on EDGAR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.59%
Tags
none
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Rhea-AI Summary
DIRTT Environmental Solutions Ltd. (DRTT) and its Construction Partner BOLTT have been awarded over $3M in Indianapolis construction projects for Gaylor Electric’s (Gaylor) national headquarters and a new high profile office space for FORVIS. Gaylor Electric was impressed with DIRTT’s ability to provide freestanding offices and conference rooms, as well as their modular electrical system that allowed for future flexibility. The Gaylor Electric national headquarters building also has a unique electrical floor duct system and DIRTT’s modular quick-connect electrical will provide the flexibility to power the offices and provide future adaptations and reconfigurations. FORVIS Indianapolis leadership decided to leverage DIRTT's construction system after understanding the full solution package it provides, complete with timber solutions, in their new six-floor 300,000 square foot space located in the Bottleworks development by Hendricks Commercial Properties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
none
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Rhea-AI Summary
DIRTT Environmental Solutions (DIRTT) (DRT) and Evo Business Environments (Evo) have secured construction projects for the Arkansas Attorney General and national firm PB2 Architecture & Engineering, valued over $2.5M USD. Evo's strong reputation for excellence in interior buildouts, combined with DIRTT's competitive lead-times, quality offerings, and streamlined methodology, were instrumental in securing the projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
none
Rhea-AI Summary
DIRTT Environmental Solutions Ltd. (DRT) announces rights offering to common shareholders for C$30,000,000, with a subscription price of C$0.35 per share, representing a 25% discount to the 5-day volume weighted average trading price on the TSX.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.85%
Tags
none
DIRTT Environmental Solutions Ltd

OTC:DRTTF

DRTTF Rankings

DRTTF Stock Data

94.78M
42.47M
37.68%
30.79%
0.7%
Architectural Services
Professional, Scientific, and Technical Services
Link
Canada
Calgary

About DRTTF

dirtt creates award-winning custom prefab interiors for industries including corporate, government, education and healthcare. our innovative approach results in faster, cleaner construction with the highest levels of customization and flexibility; while significantly lowering a building's carbon footprint. dirtt has manufacturing facilities in phoenix, savannah, kelowna and calgary. our teams work with distribution partners throughout north america, the middle east and asia. for more information please visit www.dirtt.net.