Topic: How To Invest

Q: Pat: Could you please comment regarding future prospects for DIRTT Environmental Solutions? Your advice is always greatly appreciated.

Article Excerpt

A: DIRTT Environmental Solutions Ltd., $5.88, symbol DRT on Toronto (Shares outstanding: 84.7 million; Market cap: $485.4 million; www.dirtt.net), designs and builds customized office interiors. DIRTT stands for “doing it right this time.” The company believes its ICE 3-D software lets it deliver pre-made, customizable interiors faster and more efficiently than traditional construction methods. DIRTT first sold shares to the public at $3 each and began trading on Toronto in November 2013. In the three months ended September 30, 2017, the company’s revenue rose 17.5%, to $84.0 million from $71.5 million a year earlier. That gain was mainly due to strong demand from clients in the healthcare, financial services and technology fields. DIRTT gets 80% of its revenue from clients in the U.S., so it suffers from a higher Canadian dollar. If you exclude the impact of exchange rates, revenue in the quarter jumped over 21%. Earnings rose 3.7% in the quarter, to $4.2 million from $4.0 million. Per-share profits were unchanged at $0.05…