CALGARY, Alberta, Dec. 16, 2025 (GLOBE NEWSWIRE) -- DIRTT (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, today reported steady late-year commercial activity supported by accelerating customer decision-making and consistent project volume. November saw more than $15 million in orders across multiple clients including Visa, Bechtel Corporation, PGA Superstore, and new Fortune 500 client ExxonMobil, among others. Additional notable wins ...

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on cost controls and efficiency improvements to support its revenue growth strategy [5][19] Market Outlook - DIRTT has withdrawn its annual guidance due to uncertainties surrounding tariffs and macroeconomic conditions affecting project decision-making [5][19] - Despite near-term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]