Overview

* DIRTT Q3 2025 revenue falls 13% yr/yr due to order delays and tariff impacts

* Net loss for Q3 2025 was $3.5 mln, contrasting with $7.1 mln net income in Q3 2024

* Adjusted EBITDA for Q3 2025 decreased to $1.2 mln from $4.1 mln in Q3 2024

Outlook

* DIRTT expects Q4 2025 revenue between $48.0 mln and $52.0 mln

* Company anticipates Q4 2025 Adjusted EBITDA of $5.0 mln to $7.0 mln

Result Drivers

* ORDER DELAYS - Co attributes lower Q3 2025 revenue to higher-than-normal order delays due to job sites not being ready

* TARIFF IMPACT - Tariffs on Canadian aluminum exports to the U.S. affected gross profit margins, but mitigation actions began to take effect

* TRANSFORMATION OFFICE - Co incurred $2.6 mln in reorganization expenses for establishing a Transformation Office to improve productivity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.02

Q3 Net -$3.48

Income mln

Q3 Basic -$0.02

EPS

Q3 Gross $11.47

Profit mln

Q3 $15.17

Operatin mln

g

Expenses

Q3 -$3.70

Operatin mln

g Income

Analyst Coverage

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)