08:52 AM EDT, 04/22/2024 (MT Newswires) -- DIRTT Environmental Solutions Ltd. ( DRTTF ) , a global player in industrialized construction that saw its shares gain more than 8% last Friday, on Monday flagged an investor presentation in which it updated on its new executive leadership team and board of directors, and provided a business update.

Highlights of the investor presentation include: DIRTT shareholders elected a new Board in April 2022 and a new executive leadership team was appointed.

It highlighted that: Gross Profit Margin improved by 1,680 basis points from 2021 to 2023 after contracting by 2,310 basis points from 2018 to 2021; and net cash flows provided by operations were $14.8 million in 2023 after two years of negative net cash flows.

It also provided as highlights: that "a refocused commercial strategy has accelerated pipeline growth and improved revenue forecasting accuracy"; that new operational programs have "enhanced inventory management, reduced external deficiencies, and improved lead times"; and that cost discipline "remains a significant focus" of the board and executive leadership team, including appropriately right-sizing costs to anticipated revenue levels.

DIRTT also announced today that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024, after markets close.