DIRTT Environmental Solutions Ltd. (DESLF) Financial Statements (2024 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 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 24,744 | 10,821 | 60,313 | 45,846 | 47,174 | |||
| Cash and cash equivalents | 24,744 | 10,821 | 60,313 | 45,846 | 47,174 | |||
| Restricted cash and investments | 355 | 3,418 | 3,095 | |||||
| Receivables | 15,787 | 21,810 | 17,344 | 17,210 | 24,925 | |||
| Inventory, net of allowances, customer advances and progress billings | 16,577 | 22,251 | 18,457 | 15,978 | 17,566 | |||
| Inventory | 16,577 | 22,251 | 18,457 | 15,978 | 17,566 | |||
| Asset, held-for-sale, not part of disposal group | 1,555 | |||||||
| Other undisclosed current assets | 4,507 | 3,825 | 4,595 | 5,811 | 3,356 | |||
| Total current assets: | 63,525 | 62,125 | 103,804 | 84,845 | 93,021 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 29,813 | 30,490 | 30,880 | 33,643 | 20,661 | |||
| Property, plant and equipment | 25,077 | 41,522 | 51,697 | 49,847 | 41,365 | |||
| Intangible assets, net (including goodwill) | 1,449 | 1,421 | ||||||
| Goodwill | 1,449 | 1,421 | ||||||
| Regulated entity, other noncurrent assets | ||||||||
| Deferred income tax assets | 5,364 | |||||||
| Other noncurrent assets | 3,452 | 5,110 | 5,663 | 5,016 | 5,518 | |||
| Other undisclosed noncurrent assets | 2,450 | 4,406 | 7,395 | 8,344 | 8,213 | |||
| Total noncurrent assets: | 60,792 | 81,528 | 95,635 | 98,299 | 82,542 | |||
| TOTAL ASSETS: | 124,317 | 143,653 | 199,439 | 183,144 | 175,563 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 19,880 | 19,881 | 22,751 | 20,350 | 20,384 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 4,275 | 4,577 | 3,546 | ||
| Accounts payable | 12,378 | 5,562 | 7,820 | 4,921 | 7,620 | |||
| Accrued liabilities | 5,500 | 8,776 | 9,649 | 9,266 | 8,193 | |||
| Other undisclosed accounts payable and accrued liabilities | 2,002 | 5,543 | 1,007 | 1,586 | 1,025 | |||
| Deferred revenue | 5,290 | 4,866 | 2,420 | 1,819 | 3,567 | |||
| Debt | 3,323 | 5,287 | ||||||
| Other liabilities | 2,482 | 2,056 | 2,379 | 3,677 | 5,187 | |||
| Other undisclosed current liabilities | 6,096 | 9,195 | 6,214 | 5,503 | ||||
| Total current liabilities: | 33,748 | 35,998 | 37,087 | 31,349 | 34,425 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 55,267 | 62,129 | 94,586 | 29,781 | 16,116 | |||
| Long-term debt, excluding current maturities | 55,267 | 62,129 | 67,319 | |||||
| Liabilities, other than long-term debt | 28,201 | 27,534 | 414 | 35 | ||||
| Deferred income tax liabilities | 414 | |||||||
| Other liabilities | 35 | |||||||
| Operating lease, liability | 28,201 | 27,534 | 27,267 | 29,781 | 16,116 | |||
| Other undisclosed noncurrent liabilities | (27,267) | 5,069 | ||||||
| Total noncurrent liabilities: | 83,468 | 89,663 | 94,586 | 35,264 | 16,151 | |||
| Total liabilities: | 117,216 | 125,661 | 131,673 | 66,613 | 50,576 | |||
| Equity | ||||||||
| Equity, attributable to parent | 7,101 | 17,992 | 67,766 | 116,531 | 124,987 | |||
| Common stock | 196,128 | 191,347 | 181,782 | 180,639 | 180,639 | |||
| Additional paid in capital | 7,954 | 9,023 | 13,200 | 10,175 | 8,343 | |||
| Accumulated other comprehensive loss | (16,125) | (16,106) | (15,916) | (17,018) | (18,028) | |||
| Accumulated deficit | (180,856) | (166,272) | (111,300) | (57,265) | (45,967) | |||
| Total equity: | 7,101 | 17,992 | 67,766 | 116,531 | 124,987 | |||
| TOTAL LIABILITIES AND EQUITY: | 124,317 | 143,653 | 199,439 | 183,144 | 175,563 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 181,931 | 172,161 | 147,593 | 171,507 | 247,735 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (122,389) | (144,001) | (124,133) | (118,224) | (161,311) | ||
| Gross profit: | 59,542 | 28,160 | 23,460 | 53,283 | 86,424 | ||
| Operating expenses | (76,097) | (87,203) | (85,398) | (74,555) | (88,875) | ||
| Operating loss: | (16,555) | (59,043) | (61,938) | (21,272) | (2,451) | ||
| Nonoperating income (expense) | 2,303 | 4,101 | 8,066 | 12,078 | (926) | ||
| Investment income, nonoperating | 490 | 51 | 77 | 238 | 529 | ||
| Gain (loss), foreign currency transaction, before tax | (626) | 1,445 | (335) | 576 | (1,324) | ||
| Interest and debt expense | (4,927) | (5,160) | (3,131) | (305) | (131) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 305 | 131 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (19,179) | (60,102) | (57,003) | (9,194) | (3,377) | ||
| Other undisclosed income from continuing operations before income taxes | 4,927 | 5,160 | 3,131 | ||||
| Income (loss) from continuing operations before income taxes: | (14,252) | (54,942) | (53,872) | (9,194) | (3,377) | ||
| Income tax expense (benefit) | (332) | (21) | 204 | (2,104) | (1,019) | ||
| Other undisclosed loss from continuing operations | |||||||
| Loss from continuing operations: | (14,584) | (54,963) | (53,668) | (11,298) | (4,396) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (53,668) | (11,298) | (4,396) | |
| Net loss attributable to parent: | (14,584) | (54,963) | (53,668) | (11,298) | (4,396) | ||
| Other undisclosed net income available to common stockholders, basic | |||||||
| Net income (loss) available to common stockholders, diluted: | (14,584) | (54,963) | (53,668) | (11,298) | (4,396) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (14,584) | (54,963) | (53,668) | (11,298) | (4,396) | ||
| Comprehensive loss: | (14,584) | (54,963) | (53,668) | (11,298) | (4,396) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (19) | (190) | 1,102 | 1,010 | 4,064 | ||
| Comprehensive loss, net of tax, attributable to parent: | (14,603) | (55,153) | (52,566) | (10,288) | (332) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.