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DIRTT Environmental Solutions Ltd. - DRTT STOCK NEWS

Welcome to our dedicated page for DIRTT Environmental Solutions Ltd. news (Ticker: DRTT), a resource for investors and traders seeking the latest updates and insights on DIRTT Environmental Solutions Ltd. stock.

DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT, TSX: DRT) pioneers industrialized construction with customizable prefab interiors for corporate, education, healthcare, and government sectors. Their sustainable approach reduces construction timelines and environmental impact through modular solutions designed for adaptability.

This news hub provides investors and industry professionals with centralized access to DIRTT's latest developments. Track strategic partnerships like the collaboration with Arthroto transforming office spaces into housing, major education sector contracts, and leadership updates including new CFO appointments. Discover how DIRTT's prefabrication expertise addresses modern construction challenges while supporting sustainability goals.

Key updates include project milestones, financial announcements, technological innovations, and environmental initiatives. All content is verified from official sources to ensure accuracy for informed decision-making.

Bookmark this page for real-time updates on DIRTT's progress in redefining construction efficiency. Combine regular monitoring with professional financial advice when evaluating investment opportunities.

Rhea-AI Summary
DIRTT Environmental Solutions Ltd. will voluntarily delist from Nasdaq and retain trading on TSX, resulting in estimated annual cost savings of $400,000. Business operations remain unaffected, and compliance with SEC regulations will continue. CEO cites insufficient value in maintaining dual listing. Order pace and future growth opportunities remain confident.
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DIRTT and its Construction Partners, Construkt and ID+A, have secured over $6M USD in construction projects with major education clients including Armstrong School District, Western Kentucky University, and Berea College. These projects were awarded due to the partners' ability to deliver dynamic and modern learning environments using DIRTT's innovative interior solutions and streamlined construction methodology.
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DIRTT Environmental Solutions Ltd. reported Q2 2023 revenue of $44.8 million, up 22% from Q1 and flat YoY. Gross Profit margin improved by 1,849 bps. Achieved Adjusted EBITDA of $1.9 million, up $11.3 million from prior year. Liquidity of $28.1 million at June 30, 2023. Fareeha Khan appointed CFO effective August 25, 2023.
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DIRTT Environmental Solutions has issued 3,899,745 common shares to 22NW Fund as reimbursement for legal expenses. Shareholder approval was received at the 2023 annual and special meeting of shareholders.
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DIRTT Environmental Solutions Ltd. announces the results of its annual and special meeting of shareholders. Mark Greffen, DIRTT’s Chief Technology Officer, is departing from the company effective June 8, 2023.
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DIRTT Environmental Solutions Ltd.

Nasdaq:DRTT

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35.06M
53.46M
18.74%
47.05%
0.69%
Engineering & Construction
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Canada
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