DIRTT Historical Income Statement

DRT Stock  CAD 0.67  0.03  4.29%   
Historical analysis of DIRTT Environmental income statement accounts such as Selling General Administrative of 36.2 M or Total Revenue of 207.8 M can show how well DIRTT Environmental Solutions performed in making a profits. Evaluating DIRTT Environmental income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of DIRTT Environmental's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining DIRTT Environmental latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether DIRTT Environmental is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About DIRTT Income Statement Analysis

DIRTT Environmental Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to DIRTT Environmental shareholders. The income statement also shows DIRTT investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

DIRTT Environmental Income Statement Chart

DIRTT Environmental Solutions Income Statement is one of the three primary financial statements used for reporting DIRTT's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of DIRTT Environmental revenue and expense. DIRTT Environmental Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, DIRTT Environmental's Interest Expense is very stable compared to the past year. As of the 29th of March 2024, Total Revenue is likely to grow to about 207.8 M, while Depreciation And Amortization is likely to drop about 43.6 K.

Total Revenue

Total revenue comprises all receipts DIRTT Environmental generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of DIRTT Environmental Solutions minus its cost of goods sold. It is profit before DIRTT Environmental operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of DIRTT Environmental. It is also known as DIRTT Environmental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from DIRTT Environmental's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into DIRTT Environmental current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, DIRTT Environmental's Interest Expense is very stable compared to the past year. As of the 29th of March 2024, Total Revenue is likely to grow to about 207.8 M, while Depreciation And Amortization is likely to drop about 43.6 K.
 2021 2022 2023 2024 (projected)
Interest Expense3.1M5.2M4.9M5.2M
Depreciation And Amortization77K51K45.9K43.6K

DIRTT Environmental income statement Correlations

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0.38-0.060.050.290.010.240.180.160.21-0.150.040.20.220.190.370.040.17-0.38-0.20.210.13
0.42-0.60.050.770.860.160.350.210.260.860.420.34-0.030.340.09-0.550.59-0.02-0.74-0.02-0.24
0.81-0.710.290.770.430.660.780.720.770.360.110.790.160.790.41-0.030.69-0.04-0.430.51-0.02
0.02-0.340.010.860.43-0.21-0.05-0.27-0.210.940.62-0.06-0.11-0.05-0.18-0.80.34-0.13-0.84-0.44-0.44
0.57-0.340.240.160.66-0.210.940.810.78-0.330.040.950.330.950.460.380.38-0.06-0.010.6-0.13
0.65-0.610.180.350.78-0.050.940.830.82-0.140.011.00.441.00.410.230.46-0.13-0.040.65-0.1
0.82-0.550.160.210.72-0.270.810.830.99-0.25-0.430.840.110.840.570.50.550.240.180.840.37
0.88-0.570.210.260.77-0.210.780.820.99-0.21-0.430.830.130.830.560.50.550.220.150.850.4
0.0-0.38-0.150.860.360.94-0.33-0.14-0.25-0.210.44-0.15-0.17-0.15-0.18-0.790.350.03-0.71-0.4-0.28
-0.350.20.040.420.110.620.040.01-0.43-0.430.440.0-0.040.01-0.34-0.58-0.02-0.37-0.78-0.64-0.82
0.67-0.60.20.340.79-0.060.951.00.840.83-0.150.00.441.00.480.260.5-0.15-0.050.68-0.1
0.18-0.420.22-0.030.16-0.110.330.440.110.13-0.17-0.040.440.440.230.08-0.09-0.720.240.43-0.21
0.66-0.590.190.340.79-0.050.951.00.840.83-0.150.011.00.440.440.260.47-0.14-0.050.67-0.11
0.46-0.410.370.090.41-0.180.460.410.570.56-0.18-0.340.480.230.440.220.76-0.17-0.050.610.19
0.430.230.04-0.55-0.03-0.80.380.230.50.5-0.79-0.580.260.080.260.22-0.220.190.690.640.51
0.46-0.630.170.590.690.340.380.460.550.550.35-0.020.5-0.090.470.76-0.22-0.01-0.50.350.02
0.10.18-0.38-0.02-0.04-0.13-0.06-0.130.240.220.03-0.37-0.15-0.72-0.14-0.170.19-0.010.2-0.050.45
0.030.15-0.2-0.74-0.43-0.84-0.01-0.040.180.15-0.71-0.78-0.050.24-0.05-0.050.69-0.50.20.480.5
0.77-0.520.21-0.020.51-0.440.60.650.840.85-0.4-0.640.680.430.670.610.640.35-0.050.480.42
0.45-0.130.13-0.24-0.02-0.44-0.13-0.10.370.4-0.28-0.82-0.1-0.21-0.110.190.510.020.450.50.42
Click cells to compare fundamentals

DIRTT Environmental Account Relationship Matchups

DIRTT Environmental income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization12.2M238K77K51K45.9K43.6K
Interest Expense131K305K3.1M5.2M4.9M5.2M
Selling General Administrative31.5M29.0M35.3M29.7M49.2M36.2M
Total Revenue247.7M171.5M147.6M172.2M181.9M207.8M
Gross Profit86.4M53.3M23.5M28.2M59.5M53.5M
Other Operating Expenses245.6M180.1M196.6M210.0M241.5M214.1M
Operating Income(9.6M)(8.6M)(49.0M)(37.8M)(4.6M)(4.8M)
Net Income From Continuing Ops(4.4M)(11.3M)(53.7M)(55.0M)(14.6M)(15.3M)
Ebit(9.6M)(8.6M)(49.0M)(37.8M)(34.0M)(32.3M)
Ebitda2.6M(8.3M)(49.0M)(37.8M)(34.0M)(32.3M)
Cost Of Revenue161.3M118.2M124.1M144.0M122.4M134.3M
Total Operating Expenses84.3M61.8M72.5M66.0M186.5M195.9M
Income Before Tax(3.4M)(9.2M)(53.9M)(54.9M)(14.3M)(15.0M)
Total Other Income Expense Net6.2M(643K)(4.8M)(17.1M)(5.2M)(5.5M)
Net Income Applicable To Common Shares(4.4M)(11.3M)(53.7M)(55.0M)(49.5M)(47.0M)
Net Income(4.4M)(11.3M)(53.7M)(55.0M)(14.6M)(15.3M)
Income Tax Expense1.0M2.1M(204K)21K18.9K18.0K
Selling And Marketing Expenses33.9M28.0M31.0M27.0M24.3M29.1M
Tax Provision1.0M2.1M(204K)21K332K315.4K
Interest Income926K643K77K3.7M490K465.5K
Research Development7.8M8.1M8.2M7.6M5.8M5.8M
Net Interest Income398K(67K)(3.1M)(5.1M)(4.4M)(4.2M)
Reconciled Depreciation12.2M11.7M14.5M15.1M8.9M10.4M

Pair Trading with DIRTT Environmental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DIRTT Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DIRTT Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with DIRTT Stock

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Moving against DIRTT Stock

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The ability to find closely correlated positions to DIRTT Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIRTT Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DIRTT Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DIRTT Environmental Solutions to buy it.
The correlation of DIRTT Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DIRTT Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIRTT Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DIRTT Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running DIRTT Environmental's price analysis, check to measure DIRTT Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DIRTT Environmental is operating at the current time. Most of DIRTT Environmental's value examination focuses on studying past and present price action to predict the probability of DIRTT Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DIRTT Environmental's price. Additionally, you may evaluate how the addition of DIRTT Environmental to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between DIRTT Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if DIRTT Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DIRTT Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.