TOMI Environmental Solutions(TOMZ)

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TOMI Environmental Solutions(TOMZ) - 2024 Q4 - Annual Report
2025-04-14 20:01
Technology and Innovation - SteraMist utilizes a patented Binary Ionization Technology (BIT) to deliver a 7.8% hydrogen peroxide-based fog, achieving a 6-log (99.9999%) kill rate of pathogens[16][17][18]. - The technology has been registered with the EPA since June 2015 and is the first EPA Registered Solution + Equipment combination for hospital-healthcare disinfection[26][27]. - The company has achieved a 99.9999% kill rate on all challenged pathogens with its SteraMist iHP technology, surpassing many competitors that offer only 99.9% to 99.99% efficacy[71]. - The SteraMist Integrated System (SIS) lineup provides versatile options for integrated enclosure decontamination, with SIS-SA stocked in inventory and SIS-Pharm made-to-order[98]. - The SteraMist Hybrid system integrates CES's stainless-steel applicators with the ENV generator, designed for precise fogging control and compliance with industry standards[96]. - The SteraMist equipment is designed to be user-friendly, requiring no preconditioning of spaces before treatment, which streamlines the disinfection process[76]. - The SteraMist Transport unit can treat a variety of vehicle sizes with an application time of only 20 minutes per 1,000 cubic feet, currently in a soft launch phase[86]. - The NV+ solution, designed for smaller areas, features a 36-minute injection time for spaces up to 1,800 cubic feet and is set to debut in April 2024[87]. Market Opportunities and Growth - The life sciences sector is experiencing growth due to global demographic trends and regulatory requirements, with increasing demand for automated decontamination solutions[31][42]. - The global pharmaceutical market is projected to grow steadily, with emerging markets driving demand for consistent and fast decontamination solutions[42][43]. - The food safety sector presents significant growth opportunities, with TOMI's technology demonstrating effectiveness in sanitizing the food supply[50][51]. - Compliance with food safety regulations is critical for businesses to protect public health and maintain consumer trust, with strict sanitation standards enforced by regulatory agencies[52]. - TOMI aims to penetrate the healthcare market by forming strategic partnerships and promoting the integration of SteraMist as a solution to manual cleaning practices[48]. - The company is expanding its presence in the food safety market, engaging with various industries including coffee, desserts, and agribusinesses to integrate iHP SteraMist into their sanitization protocols[214]. Financial Performance - The company generated a net loss of approximately $4.5 million and $3.4 million for the years ended December 31, 2024 and 2023, respectively, with an accumulated deficit of $54.3 million as of December 31, 2024[124]. - The company reported a net loss of approximately $4.477 million for the year ended December 31, 2024, compared to a net loss of $3.403 million for 2023, raising concerns about its ability to continue as a going concern[130]. - Cash used in operations was approximately $1.44 million in 2024, down from $3.599 million in 2023, highlighting a potential improvement in operational efficiency[130]. - The company has an accumulated deficit of $54.3 million as of December 31, 2024, which poses a significant financial challenge[130]. - Research and development expenses for the years ended December 31, 2024 and 2023, were approximately $291,000 and $492,000, respectively, indicating a decrease in investment[117]. Strategic Partnerships and Collaborations - The company secured significant agreements and new partnerships to enhance the distribution of the SteraMist brand globally[201]. - In 2024, the company contracted with six different partners across regions including Malaysia, India, Canada, Korea, and the United Kingdom[202]. - The partnerships span focused industries such as pharmaceuticals, vivarium, emergency services, and general disinfection and cleaning[202]. - A strategic partnership with EMAQ was formed in Q2 2024, with EMAQ investing over $1,000,000 in SteraMist iHP equipment to enhance market presence in the western United States[204]. - The partnership with PBSC and other OEMs aims to enhance turnkey solutions and create additional revenue streams for the company[211]. Challenges and Risks - The company does not have long-term customer contracts, making future revenue uncertain and exposing it to competitive price pressures[127]. - The BIT technology for Hospital-Healthcare disinfection has not yet achieved broad market acceptance, which could delay sales growth[129]. - The company relies on third-party manufacturers for its SteraMist® products, increasing risks related to supply chain disruptions and compliance with regulatory requirements[139]. - The company faces various international business risks, including currency fluctuations and compliance with export control laws, which could adversely affect its operations[131]. - The decontamination and environmental infectious disease control industry is highly competitive, with significant competitors having greater resources and established products[151]. - The company faces risks related to product liability claims, which could adversely affect its financial condition and operations[161]. Operational Developments - The company is committed to expanding its marketing and educational campaigns to drive adoption of the SteraMist iHP product line across various industries[58]. - The company is focused on ongoing projects and validations for its Custom Engineered System (CES), which involves longer lead times for installation and commissioning[90]. - The company is actively pursuing options to raise capital, including issuing convertible notes, but there is no assurance of success in these efforts[130]. - The company is in the process of developing remediation plans to address identified material weaknesses in internal controls over financial reporting[169]. - The company has hired additional sales personnel, but their productivity levels are yet to be realized, which may impact revenue growth[126]. Future Outlook - In 2024, the company anticipates a positive material impact from installations of CES permanent decontamination rooms, expecting increased utilization of BIT Solution to contribute to overall growth[91]. - The company plans to continue investing in research and development, focusing on new sanitizing robotic devices and backpack units[154]. - The company aims to be a global leader in disinfection and decontamination products, continuing to expand research and development and forming strategic business alliances[114]. - The company is expanding operations internationally, facing challenges in enforcing intellectual property rights in foreign jurisdictions[149]. - The company is committed to onboarding additional service providers to support the SteraMist iHP disinfection technology across various industries[205].
TOMI Environmental Solutions, Inc. to Hold Conference Call to Discuss Fourth Quarter 2024 Financial Results on April 14, 2025
Globenewswire· 2025-04-11 22:15
Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology (BIT) platform [4] - The BIT solution employs a low percentage of hydrogen peroxide as its active ingredient, enhanced by patented ionized Hydrogen Peroxide (iHP) technology [4] - TOMI's products cater to a wide range of sectors, including hospitals, biosafety labs, pharmaceutical facilities, schools, and commercial buildings [4] Upcoming Financial Reporting - TOMI will report its fourth-quarter results for the period ending December 31, 2024, on April 14, 2025, after market close [1] - A conference call to discuss the results will take place at 4:30 p.m. ET on the same day [1] Participation Details - Participants can join the conference call by dialing (888) 506-0062 or (973) 528-0011 for international callers, using access code 818389 [2] - A replay of the teleconference will be available until April 28, 2025, with specific dialing instructions provided [3]
TOMI Environmental Solutions, Inc. Partners with Pharma Biotech System Components to Enhance Disinfection Solutions
Newsfilter· 2025-03-25 12:30
Core Insights - TOMI Environmental Solutions, Inc. has announced an OEM partnership with Pharma Biotech System Components LLC, enhancing its SteraMist Integrated System (SIS) product line [1][3] - The collaboration aims to leverage PBSC's expertise in high-containment solutions to expand the adoption of SteraMist in critical industries [3][4] - TOMI's SIS will now include pass-through hatches and chambers integrated with ionized Hydrogen Peroxide (iHP) technology for optimized decontamination cycles [1][4] Company Overview - TOMI Environmental Solutions, Inc. is a global leader in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology (BIT) platform [4] - The company’s products are designed for a wide range of applications, including hospitals, pharmaceutical facilities, and commercial buildings [4] - BIT technology employs a low percentage of hydrogen peroxide as its active ingredient, providing superior disinfection capabilities [4] Industry Context - PBSC is recognized as a leading manufacturer of cleanroom and material decontamination products, catering to the pharmaceutical and medical research sectors [2] - The partnership is expected to meet the increasing demand for integrated disinfection solutions in high-containment environments [3][4] - Current projects are underway, indicating strong market demand for TOMI's innovative SIS system [3]
TOMI Secures $450,000 Contract for Custom Engineered System (CES) Installation
Newsfilter· 2025-03-24 09:30
Core Insights - TOMI Environmental Solutions, Inc. has secured a significant contract valued at approximately $450,000 to install a SteraMist iHP Custom Engineered System at a leading university in Rhode Island, highlighting its competitive advantage over hydrogen peroxide competitors [1][2] - The demand for enhanced decontamination solutions among academic institutions is increasing, as TOMI's SteraMist technology demonstrates superior performance compared to traditional systems [2][3] - TOMI's SteraMist iHP technology is expected to remain a preferred choice for disinfection in Boston's life science industry, with additional sales secured at a private university in Massachusetts [3] Company Overview - TOMI Environmental Solutions specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology (BIT) platform, which employs a low percentage of hydrogen peroxide as the active ingredient [4] - The company’s products are designed for a wide range of applications, including hospitals, biosafety labs, pharmaceutical facilities, and educational institutions [4]
TOMI Environmental Solutions Expands into Aquaculture with New Partner, Algafeed
Newsfilter· 2025-03-21 12:30
Core Insights - TOMI Environmental Solutions, Inc. has successfully implemented its SteraMist technology at Algafeed, addressing contamination issues in microalgae production for aquaculture [1][2] - Algafeed faced significant Protozoan ciliate contamination, which was effectively reduced through the use of SteraMist, allowing for improved production volumes [2][4] - The partnership between TOMI and Algafeed highlights the versatility of SteraMist technology in various industries, particularly in aquaculture [4] Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its Binary Ionization Technology® (BIT™) platform, which employs a low percentage of hydrogen peroxide as the active ingredient [5] - The company’s products are designed for a wide range of applications, including hospitals, pharmaceutical facilities, schools, and food processing facilities [5] Industry Context - Algae serves as a primary food source in aquaculture, and Algafeed's innovative technology allows for high-density microalgae cultivation, providing a competitive edge in the industry [3] - The successful application of SteraMist technology in the aquaculture sector demonstrates the growing importance of effective disinfection solutions in maintaining production efficiency [2][4]
TOMI Environmental Solutions Selected by NASA for Biosecurity Operation
Globenewswire· 2025-03-20 12:30
Core Insights - TOMI Environmental Solutions, Inc. has successfully deployed its SteraMist iHP technology at NASA Johnson Space Center, marking its entry into the aerospace sector [1][2] - The technology is being utilized in a biosafety cabinet for handling samples from the Mars Perseverance Rover mission, demonstrating its application in space exploration [2][3] - This deployment is part of TOMI's strategic SteraMistX campaign, which aims to enhance biosecurity standards in aerospace and military fields [4] Company Overview - TOMI Environmental Solutions, Inc. is a global leader in disinfection and decontamination solutions, utilizing technology developed through DARPA [1][5] - The company's primary product, the Binary Ionization Technology (BIT) platform, employs a low percentage of hydrogen peroxide as its active ingredient, providing superior disinfection capabilities [5] - TOMI's products are designed for a wide range of environments, including hospitals, biosafety labs, pharmaceutical facilities, and more [5]
TOMI Environmental Solutions to Present at the Q1 Investor Summit Event
Globenewswire· 2025-03-06 13:30
Group 1 - TOMI Environmental Solutions, Inc. will participate in the Q1 Investor Summit Event on March 11, 2025, with Dr. Halden Shane as the representative [1][2] - The conference will include one-on-one meetings for investors, allowing for direct engagement with the company [2] - TOMI specializes in disinfection and decontamination through its Binary Ionization Technology (BIT) platform, primarily marketed under the SteraMist brand [3] Group 2 - The BIT platform utilizes a low percentage of hydrogen peroxide as its active ingredient, employing patented ionized Hydrogen Peroxide (iHP) technology for superior disinfection [3] - TOMI's products are applicable in various environments, including hospitals, biosafety labs, pharmaceutical facilities, and commercial buildings [3]
TOMI Environmental Solutions Achieves Compliance with Stringent Health, Safety, and Environmental Requirements
Newsfilter· 2025-02-27 14:42
Core Insights - TOMI Environmental Solutions, Inc. has achieved compliance and recognition from Avetta, highlighting its commitment to health, safety, and environmental excellence [1][2] - The addition of Avetta complements TOMI's existing memberships with Highwire and ISNetworld, reinforcing its dedication to high safety and compliance standards [2] - The COO of TOMI emphasized that this accomplishment enhances credibility with clients and opens new avenues for engagement with industry leaders [3] Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination, utilizing its proprietary Binary Ionization Technology (BIT) platform, which employs low percentage hydrogen peroxide as the active ingredient [4] - The company's products are designed for a wide range of applications, including hospitals, pharmaceutical facilities, schools, and public safety departments [4]
TOMI Environmental Solutions Expands Deployment of SteraMist for California Wildfire Recovery
Newsfilter· 2025-02-04 13:30
Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology (BIT) platform [5] - The company’s SteraMist technology is being deployed in California to assist in recovery efforts following recent wildfires [1][2] Industry Impact - SteraMist is being used by service providers to decontaminate structures affected by smoke and hazardous particulates, addressing issues such as air quality and toxic substances [2][3] - The deployment of SteraMist is part of the EPA's broader recovery plan, which includes hazard removal and fire restoration efforts [2] Partnerships and Collaborations - TOMI collaborates with service providers like South Coast Water Damage and Vista Pacific Construction to enhance disaster recovery efforts [4] - The company is also working with federal and state-licensed service providers, insurers, and regulatory agencies to streamline remediation processes [4] Commitment to Innovation - TOMI is dedicated to leveraging its decontamination solutions to support communities affected by natural disasters while expanding its market presence in restoration and environmental health [4]
TOMI Environmental Reports Strong Start to 2025 with January Revenue Growth
Newsfilter· 2025-01-30 13:30
Core Insights - TOMI Environmental Solutions, Inc. has reported significant year-over-year growth in its BIT Solution sales and iHP Corporate Service, indicating positive early revenue trends for the company in 2025 [1][2]. Revenue Performance - BIT Solution sales in January 2025 increased by 159% compared to January 2024 [2]. - iHP Corporate Service revenue also showed strong performance, with an 89% increase in completed services in January 2025 compared to the same month last year [2]. Management Commentary - Dr. Halden Shane, Chairman and CEO, expressed optimism regarding the strong performance of BIT Solution and iHP Corporate Service segments, attributing it to increased customer engagement and recognition of TOMI's advanced disinfection technology [3]. - The company has noted a positive shift in customer engagement, with key decision-makers committing to project timelines for larger-scale initiatives, suggesting a strong revenue outlook for the remainder of 2025 [4]. Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology (BIT) platform, which employs a low percentage of hydrogen peroxide as its active ingredient [5]. - The company's products are designed for a wide range of applications, including hospitals, biosafety labs, pharmaceutical facilities, and various commercial environments [5].