DIRTT Environmental Solutions Ltd. (DRTT) financial statements (2022 and earlier)

Company profile

Business Address 7303 30 ST S E
CALGARY ALBERTA T2C 1N6 CAN, AB T2C 1N6
State of Incorp. AB
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60,31345,84647,174
Cash and cash equivalents60,31345,84647,174
Restricted cash and investments3,095  
Receivables17,34417,21024,925
Inventory, net of allowances, customer advances and progress billings18,45715,97817,566
Inventory18,45715,97817,566
Other undisclosed current assets4,5955,8113,356
Total current assets:103,80484,84593,021
Noncurrent Assets
Operating lease, right-of-use asset30,88033,64320,661
Property, plant and equipment51,69749,84741,365
Intangible assets, net (including goodwill) 1,4491,421
Goodwill 1,4491,421
Deferred income tax assets  5,364
Other noncurrent assets5,6635,0165,518
Other undisclosed noncurrent assets7,3958,3448,213
Total noncurrent assets:95,63598,29982,542
TOTAL ASSETS:199,439183,144175,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,75120,35020,384
Accounts payable7,8204,9217,620
Accrued liabilities9,6499,2668,193
Employee-related liabilities4,2754,5773,546
Other undisclosed accounts payable and accrued liabilities1,0071,5861,025
Deferred revenue2,4201,8193,567
Debt3,323 5,287
Other liabilities2,3793,6775,187
Other undisclosed current liabilities6,2145,503 
Total current liabilities:37,08731,34934,425
Noncurrent Liabilities
Long-term debt and lease obligation94,58629,78116,116
Long-term debt, excluding current maturities67,319  
Operating lease, liability27,26729,78116,116
Liabilities, other than long-term debt 41435
Deferred income tax liabilities 414 
Other liabilities  35
Other undisclosed noncurrent liabilities(27,267)5,069 
Total noncurrent liabilities:94,58635,26416,151
Total liabilities:131,67366,61350,576
Stockholders' equity
Stockholders' equity attributable to parent67,766116,531124,987
Common stock181,782180,639180,639
Additional paid in capital13,20010,1758,343
Accumulated other comprehensive loss(15,916)(17,018)(18,028)
Accumulated deficit(111,300)(57,265)(45,967)
Total stockholders' equity:67,766116,531124,987
TOTAL LIABILITIES AND EQUITY:199,439183,144175,563

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Revenues147,593171,507247,735
Cost of revenue
(Cost of Goods and Services Sold)
(124,133)(118,224)(161,311)
Gross profit:23,46053,28386,424
Operating expenses(85,398)(74,555)(88,875)
Operating loss:(61,938)(21,272)(2,451)
Nonoperating income (expense)8,06612,078(926)
Investment income, nonoperating77238529
Foreign currency transaction gain (loss), before tax(335)576(1,324)
Interest and debt expense(3,131)(305)(131)
Other undisclosed income from continuing operations before equity method investments, income taxes 305131
Loss from continuing operations before equity method investments, income taxes:(57,003)(9,194)(3,377)
Other undisclosed income from continuing operations before income taxes3,131  
Loss from continuing operations before income taxes:(53,872)(9,194)(3,377)
Income tax expense (benefit)204(2,104)(1,019)
Net loss available to common stockholders, diluted:(53,668)(11,298)(4,396)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net loss:(53,668)(11,298)(4,396)
Comprehensive loss:(53,668)(11,298)(4,396)
Other undisclosed comprehensive income, net of tax, attributable to parent1,1021,0104,064
Comprehensive loss, net of tax, attributable to parent:(52,566)(10,288)(332)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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