DIRTT Environmental Solutions Ltd
TSX:DRT
Income Statement
Earnings Waterfall
DIRTT Environmental Solutions Ltd
Revenue
|
181.9m
USD
|
Cost of Revenue
|
-122.4m
USD
|
Gross Profit
|
59.5m
USD
|
Operating Expenses
|
-64.4m
USD
|
Operating Income
|
-4.8m
USD
|
Other Expenses
|
-9.8m
USD
|
Net Income
|
-14.6m
USD
|
Income Statement
DIRTT Environmental Solutions Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
136
N/A
|
142
+5%
|
143
+1%
|
151
+5%
|
170
+12%
|
178
+5%
|
183
+2%
|
187
+3%
|
185
-1%
|
180
-3%
|
184
+3%
|
192
+4%
|
202
+5%
|
210
+4%
|
215
+2%
|
227
+6%
|
226
0%
|
242
+7%
|
252
+4%
|
259
+3%
|
275
+6%
|
276
+0%
|
278
+1%
|
269
-3%
|
248
-8%
|
224
-10%
|
202
-10%
|
183
-10%
|
172
-6%
|
160
-7%
|
159
-1%
|
147
-8%
|
148
+1%
|
156
+6%
|
160
+2%
|
173
+8%
|
172
0%
|
171
-1%
|
171
+0%
|
173
+2%
|
182
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(84)
|
(85)
|
(87)
|
(90)
|
(99)
|
(104)
|
(106)
|
(107)
|
(106)
|
(102)
|
(103)
|
(108)
|
(114)
|
(119)
|
(123)
|
(130)
|
(132)
|
(141)
|
(151)
|
(156)
|
(168)
|
(171)
|
(172)
|
(168)
|
(161)
|
(150)
|
(138)
|
(127)
|
(118)
|
(115)
|
(119)
|
(120)
|
(124)
|
(133)
|
(140)
|
(148)
|
(144)
|
(137)
|
(129)
|
(122)
|
(122)
|
|
Gross Profit |
52
N/A
|
58
+11%
|
57
-2%
|
60
+7%
|
71
+17%
|
74
+5%
|
76
+3%
|
80
+5%
|
79
-1%
|
78
-2%
|
81
+5%
|
84
+3%
|
88
+5%
|
91
+3%
|
92
+1%
|
97
+5%
|
94
-2%
|
100
+6%
|
101
+1%
|
103
+1%
|
107
+4%
|
105
-2%
|
106
+1%
|
101
-5%
|
86
-14%
|
74
-14%
|
64
-14%
|
55
-14%
|
53
-3%
|
45
-15%
|
40
-11%
|
27
-34%
|
24
-12%
|
23
-1%
|
20
-13%
|
25
+22%
|
28
+13%
|
34
+19%
|
42
+25%
|
52
+24%
|
60
+15%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(56)
|
(62)
|
(64)
|
(66)
|
(64)
|
(66)
|
(67)
|
(67)
|
(67)
|
(67)
|
(70)
|
(73)
|
(78)
|
(83)
|
(86)
|
(90)
|
(99)
|
(98)
|
(95)
|
(94)
|
(85)
|
(91)
|
(89)
|
(92)
|
(84)
|
(79)
|
(76)
|
(78)
|
(75)
|
(73)
|
(78)
|
(79)
|
(84)
|
(86)
|
(85)
|
(82)
|
(74)
|
(70)
|
(65)
|
(63)
|
(64)
|
|
Selling, General & Administrative |
(55)
|
(57)
|
(59)
|
(62)
|
(64)
|
(65)
|
(67)
|
(67)
|
(67)
|
(67)
|
(70)
|
(73)
|
(78)
|
(83)
|
(86)
|
(90)
|
(99)
|
(97)
|
(93)
|
(90)
|
(81)
|
(85)
|
(83)
|
(77)
|
(77)
|
(71)
|
(69)
|
(70)
|
(66)
|
(66)
|
(70)
|
(71)
|
(76)
|
(77)
|
(77)
|
(74)
|
(66)
|
(61)
|
(57)
|
(55)
|
(57)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
|
Other Operating Expenses |
(1)
|
(4)
|
(4)
|
(4)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Operating Income |
(4)
N/A
|
(4)
+6%
|
(7)
-81%
|
(6)
+19%
|
7
N/A
|
9
+30%
|
9
+6%
|
13
+39%
|
13
+0%
|
10
-21%
|
11
+7%
|
11
-2%
|
10
-9%
|
8
-15%
|
6
-26%
|
6
+4%
|
(5)
N/A
|
2
N/A
|
6
+219%
|
9
+52%
|
22
+134%
|
14
-35%
|
17
+20%
|
8
-51%
|
2
-75%
|
(5)
N/A
|
(13)
-158%
|
(23)
-80%
|
(21)
+5%
|
(28)
-32%
|
(37)
-33%
|
(53)
-41%
|
(61)
-15%
|
(63)
-3%
|
(65)
-3%
|
(57)
+12%
|
(46)
+20%
|
(37)
+19%
|
(23)
+36%
|
(11)
+54%
|
(5)
+55%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(5)
|
(4)
|
(2)
|
(0)
|
1
|
2
|
2
|
2
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
1
|
1
|
1
|
3
|
2
|
1
|
2
|
(1)
|
2
|
1
|
0
|
(1)
|
(4)
|
(4)
|
(3)
|
(3)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(5)
|
(5)
|
(5)
|
|
Non-Reccuring Items |
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(11)
|
(16)
|
(17)
|
(16)
|
0
|
(5)
|
(2)
|
2
|
7
|
13
|
17
|
16
|
14
|
10
|
3
|
(6)
|
(5)
|
(6)
|
(3)
|
0
|
(12)
|
(11)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
6
|
7
|
|
Total Other Income |
(1)
|
0
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(15)
N/A
|
(10)
+32%
|
(12)
-19%
|
(9)
+22%
|
6
N/A
|
10
+59%
|
11
+12%
|
14
+35%
|
14
-2%
|
10
-28%
|
11
+5%
|
10
-5%
|
9
-11%
|
8
-12%
|
6
-24%
|
6
+3%
|
(5)
N/A
|
1
N/A
|
5
+398%
|
(1)
N/A
|
9
N/A
|
(1)
N/A
|
2
N/A
|
10
+529%
|
(3)
N/A
|
(5)
-40%
|
(9)
-83%
|
(15)
-74%
|
(9)
+39%
|
(15)
-63%
|
(25)
-66%
|
(42)
-67%
|
(54)
-30%
|
(64)
-20%
|
(74)
-15%
|
(66)
+12%
|
(55)
+16%
|
(43)
+21%
|
(22)
+50%
|
(21)
+2%
|
(14)
+33%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(2)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(4)
|
(4)
|
(3)
|
(3)
|
(1)
|
(2)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(4)
|
(1)
|
0
|
2
|
0
|
(2)
|
(3)
|
(4)
|
(0)
|
0
|
0
|
0
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(16)
|
(11)
|
(12)
|
(10)
|
5
|
9
|
10
|
13
|
14
|
10
|
10
|
9
|
6
|
4
|
3
|
3
|
(6)
|
(2)
|
1
|
(3)
|
6
|
(3)
|
(1)
|
6
|
(4)
|
(4)
|
(7)
|
(15)
|
(11)
|
(18)
|
(29)
|
(42)
|
(54)
|
(64)
|
(74)
|
(65)
|
(55)
|
(43)
|
(22)
|
(21)
|
(15)
|
|
Net Income (Common) |
(16)
N/A
|
(11)
+28%
|
(12)
-6%
|
(10)
+16%
|
5
N/A
|
9
+68%
|
10
+9%
|
13
+28%
|
14
+11%
|
10
-28%
|
10
0%
|
9
-11%
|
6
-39%
|
4
-24%
|
3
-24%
|
3
+8%
|
(6)
N/A
|
(2)
+74%
|
1
N/A
|
(3)
N/A
|
6
N/A
|
(3)
N/A
|
(1)
+66%
|
6
N/A
|
(4)
N/A
|
(4)
-1%
|
(7)
-52%
|
(15)
-116%
|
(11)
+23%
|
(18)
-64%
|
(29)
-54%
|
(42)
-47%
|
(54)
-28%
|
(64)
-20%
|
(74)
-15%
|
(65)
+12%
|
(55)
+15%
|
(43)
+21%
|
(22)
+50%
|
(21)
+2%
|
(15)
+32%
|
|
EPS (Diluted) |
-0.33
N/A
|
-0.16
+52%
|
-0.17
-6%
|
-0.13
+24%
|
0.07
N/A
|
0.11
+57%
|
0.13
+18%
|
0.16
+23%
|
0.17
+6%
|
0.12
-29%
|
0.12
N/A
|
0.11
-8%
|
0.06
-45%
|
0.06
N/A
|
0.04
-33%
|
0.04
N/A
|
-0.07
N/A
|
-0.02
+71%
|
0.02
N/A
|
-0.04
N/A
|
0.07
N/A
|
-0.03
N/A
|
-0.01
+67%
|
0.08
N/A
|
-0.05
N/A
|
-0.05
N/A
|
-0.08
-60%
|
-0.17
-113%
|
-0.13
+24%
|
-0.22
-69%
|
-0.33
-50%
|
-0.49
-48%
|
-0.63
-29%
|
-0.75
-19%
|
-0.86
-15%
|
-0.76
+12%
|
-0.63
+17%
|
-0.43
+32%
|
-0.06
+86%
|
-0.22
-267%
|
-0.13
+41%
|