Group 1 - DIRTT Environmental Solutions Ltd. held its annual general and special meeting of shareholders on June 24, 2025, where the election of directors took place with high approval rates for all nominees [1] - Douglas Edwards received 99.90% of votes for his election, while other nominees also received significant support, with percentages ranging from 98.59% to 99.89% [1] - All other matters voted on by shareholders were approved, and final voting results will be filed on SEDAR and EDGAR [1] Group 2 - DIRTT is recognized as a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to create adaptable interior environments [2] - The company's solutions cater to various sectors, including workplace, healthcare, education, and public markets, offering design freedom and greater certainty in cost and outcomes [2] - DIRTT's interior construction solutions are designed to be flexible and adaptable, allowing organizations to reconfigure their spaces as needs evolve [2]

Group 1 - DIRTT Environmental Solutions Ltd. has been approved to trade on the OTCQX Best Market, starting today under the symbol "DRTTF" [1] - The upgrade to OTCQX from the Pink market is expected to enhance the marketability of DIRTT's securities and attract U.S. institutional investors, wealth advisors, and individual investors [2] - Trading on the OTCQX Market is anticipated to increase trading volume and liquidity for DIRTT [2] Group 2 - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for high-performing, adaptable interior environments [3] - The company's solutions cater to various sectors including workplace, healthcare, education, and public sector markets, offering total design freedom and greater certainty in cost, schedule, and outcomes [3] - DIRTT's interior construction solutions are designed to be flexible and adaptable, allowing organizations to reconfigure their spaces as their needs evolve [3]

Company Overview - DIRTT Environmental Solutions Ltd is a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to create high-performing, adaptable interior environments [4] - The company's solutions are applicable in various sectors, including workplace, healthcare, education, and public sector markets, offering total design freedom and greater certainty in cost, schedule, and outcomes [4] Market Transition - DIRTT Environmental Solutions Ltd has upgraded to trade on the OTCQX Best Market from the Pink market, which is a significant step for enhancing transparency for U.S. investors [1][3] - The company will now trade under the symbol "DRTTF" on the OTCQX, allowing U.S. investors to access current financial disclosures and real-time quotes [2] Compliance and Standards - To qualify for the OTCQX, companies must meet high financial standards, adhere to best practice corporate governance, and comply with applicable securities laws, which underscores the importance of transparency and reliability in trading [3]

Core Insights - DIRTT Environmental Solutions Ltd. reported a revenue of $41.3 million for Q1 2025, reflecting a 1% increase from $40.8 million in Q1 2024 [4][6] - The company experienced a net loss of $0.7 million in Q1 2025, compared to a net income of $3.0 million in the same period last year [16][20] - Adjusted EBITDA for Q1 2025 was $2.1 million, or 5.1% of revenue, down from $2.7 million, or 6.5% of revenue in Q1 2024 [17][20] Financial Performance - Gross profit for Q1 2025 was $14.5 million, with a gross profit margin of 35.2%, down from 35.9% in Q1 2024 [7][16] - The company incurred $0.6 million in tariffs and related costs, which negatively impacted gross profit margin by 1.4% of revenue [4][7] - Liquidity at the end of Q1 2025 was $36.0 million, a decrease from $39.3 million at the end of 2024 [4][20] Operational Developments - DIRTT signed a lease with the Texas Medical Center Innovation Factory to establish a DIRTT Experience Centre as part of its healthcare strategy [3] - The company has increased its full pipeline by 21% from December 31, 2024, to March 31, 2025, indicating growth in project opportunities [5] - DIRTT is implementing mitigation strategies to address tariff-related challenges, including leveraging its Savannah manufacturing facility [18] Cost Management - Sales and marketing expenses decreased by $0.7 million to $5.2 million in Q1 2025, driven by reductions in various cost categories [8] - General and administrative expenses increased by $0.9 million to $5.5 million, primarily due to higher professional services and litigation costs [9] - The company is focusing on cost controls and efficiency improvements to support its revenue growth strategy [5][19] Market Outlook - DIRTT has withdrawn its annual guidance due to uncertainties surrounding tariffs and macroeconomic conditions affecting project decision-making [5][19] - Despite near-term challenges, the twelve-month forward-looking pipeline is up 8% year-over-year, indicating potential for future growth [19] - The company remains confident in its strategic priorities and expects to generate positive Adjusted EBITDA in 2025 [19][20]

Group 1 - DIRTT Environmental Solutions Ltd. will release its first quarter 2025 financial results on May 7, 2025, after market close [1] - A conference call to discuss the results is scheduled for May 8, 2025, at 8:00 a.m. MST, hosted by the CEO and CFO [2] - DIRTT is a leader in industrialized construction, providing adaptable interior environments for various sectors including workplace, healthcare, education, and public [3] Group 2 - DIRTT's system combines physical products and digital tools, offering design freedom and certainty in cost, schedule, and outcomes [3] - The company's solutions are designed to be flexible and adaptable, allowing organizations to reconfigure spaces as needs evolve [3] - DIRTT is headquartered in Calgary, Alberta, Canada, and trades on the Toronto Stock Exchange under the symbol "DRT" [3]