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DIRTT ENVIRONMENTAL SOLUTIONS LTD

CIK: 13404761 Annual ReportsLatest: 2025-05-02

10-K / May 2, 2025

Company Summary: DIRTT Environmental Solutions Ltd.

Overview:

  • Industry: Environmental solutions, interior design, modular construction, and commercial interior solutions.
  • Headquarters: Calgary, Alberta, Canada.
  • Incorporation: Alberta, Canada.

Business Activities:

  • DIRTT specializes in creating customizable, environmentally sustainable interior spaces using a modular construction approach.
  • The company leverages technology such as digital design tools, data analytics, and AI to streamline interior design, planning, and construction processes.
  • Its solutions are utilized in sectors including healthcare, education, corporate offices, and other commercial environments.
  • The company aims to deliver high-design, flexible interior solutions that integrate advanced data-driven and digital transformation practices.

Ownership & Shareholders:

  • As of April 24, 2025, there are 189,649,452 common shares outstanding.
  • The largest shareholders include:
    • 22NW Fund, LP and Aron English: Beneficially own approximately 30.3% of the shares (57,447,988 shares).
    • WWT Opportunity #1 LLC and Shaun Noll: Beneficially own approximately 28.3% (53,670,644 shares).
  • Shareholders’ equity market value: Approximately $32,812,276 (as of June 30, 2024).

Employees and Customers:

  • The specific number of employees and customers is not provided in the document.

Financials (for fiscal year ended December 31, 2024):

  • Revenue: $174.3 million USD
  • Net Loss: The company reported a net loss of $14,584 (amount in USD, derived from the document context). Note: The detailed net income or loss figure in USD is not explicitly confirmed in the document, but the cited net loss figure suggests a negative income for 2024.

Other Key Details:

  • The company's operational strategy includes strategic partnerships, digital transformation, and ESG (Environmental, Social, Governance) oversight.
  • The company focuses on risk management related to cybersecurity and regulatory compliance.
  • Leadership includes CEO Benjamin Urban, CFO Fareeha Khan, and President Richard Hunter.
  • The company is publicly listed with securities registered as common shares and is traded over-the-counter (OTC).

Note: The document provided is primarily focused on corporate governance, executive compensation, securities ownership, and legal/transactional details. Specific operational metrics like number of customers and employees are not included.