Workflow
TOMI Environmental Solutions(TOMZ)
icon
Search documents
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].
TOMI Environmental Solutions Regains Compliance with Nasdaq Minimum Bid Price Requirements
Globenewswire· 2025-01-15 13:30
Core Viewpoint - TOMI Environmental Solutions, Inc. has regained compliance with Nasdaq's minimum bid price requirement, allowing its common stock to continue trading on The Nasdaq Capital Market [1][2] Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology® (BIT™) platform, which employs ionized Hydrogen Peroxide (iHP™) for superior disinfection [3] Financial and Operational Progress - The company achieved significant financial discipline and strategic execution in 2024, strengthening its market position and setting the stage for future growth [2] - TOMI's common stock closed at $1.00 per share or greater for 10 consecutive trading days, meeting Nasdaq's compliance requirements [1] Key Growth Drivers - **Expanding Partnerships in High-Growth Markets**: The company aims to strengthen existing relationships and pursue new opportunities, particularly in sectors like education and food processing [5] - **Innovating with SteraMist Technology**: TOMI is committed to enhancing its product offerings through ongoing research and development to meet evolving public health needs [5] - **Targeting International Growth**: The company plans to expand its international presence to capitalize on global demand for effective disinfection solutions [5] - **Operational and Financial Excellence**: Focus on operational efficiency and strategic resource allocation to drive sustainable revenue growth and shareholder returns [5]
TOMI Environmental Solutions Positioned to Address Growing Global Disease Threats with SteraMist Technology
Newsfilter· 2025-01-10 13:30
FREDERICK, Md., Jan. 10, 2025 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ:TOMZ), a global company specializing in disinfection and decontamination solutions, today announced that the Company is supporting partners and clients preparing for emerging public health threats as concerns grow over Respiratory Syncytial Virus (RSV), Human Metapneumovirus (HMPV), and the highly pathogenic Avian Influenza (H5N1). TOMI is leveraging its SteraMist technology to provide innovative infection ...
TOMI Environmental Solutions Announces Additional CES Installation at a Pharmaceutical Facility in the UK
Globenewswire· 2024-12-26 14:15
FREDERICK, Md., Dec. 26, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announced today another installation of the Custom Engineered Solution (CES) at a renowned pharmaceutical facility in the United Kingdom. This pharmaceutical facility is expanding its decontamination capabilities with a $500,000 investment in a new twelve-applicator CES system. By leveraging TOMI’s highly effective SteraMi ...
TOMI Environmental Stands Ready to Protect Public Health Amidst H5N1 Bird Flu California State Emergency
Newsfilter· 2024-12-19 13:30
FREDERICK, Md., Dec. 19, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ:TOMZ), a global company specializing in disinfection and decontamination solutions, is closely monitoring the recent declaration of a state of emergency in California due to the H5N1 bird flu outbreak. TOMI is dedicated to providing effective disinfection solutions to combat current and future pandemics, including H5N1. Since April 2024, 61 cases of H5N1 bird flu have been reported in the United States, wi ...
TOMI Environmental Solutions Expands Presence in Canadian Market Through Enhanced Partnership with Betatek, Inc.
Newsfilter· 2024-12-17 13:30
FREDERICK, Md., Dec. 17, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ:TOMZ), a global company specializing in disinfection and decontamination solutions, today announced the expansion of its partnership with Betatek, Inc. ("Betatek"), transitioning the long term Canadian partner from an independent manufacturing representative to an official SteraMist distributor. This strategic move comes in response to the increasing demand for SteraMist in the Canadian market. Betatek, a ...
TOMI Environmental Solutions(TOMZ) - 2024 Q3 - Earnings Call Transcript
2024-11-02 12:10
Financial Data and Key Metrics Changes - The company achieved a revenue of approximately $2.5 million for Q3 2024, representing a 73% increase compared to the same quarter in the previous year [8][14] - Consolidated gross profit margin improved to 61.4% from 55% due to a favorable product mix and increased demand for mobile equipment [14] - Consolidated operating profit was $149,000 compared to a loss of $901,000, marking a significant improvement [15] - The company reported a net profit of $59,000 or $0 per share, compared to a net loss of $901,000 or a loss of $0.05 per share in the prior year [15][16] Business Line Data and Key Metrics Changes - Mobile equipment sales increased by 90% in 2024 compared to 2023, significantly contributing to revenue growth [8] - IHP service revenue reached approximately $650,000, setting a record for the division's quarterly performance [8] - International sales grew by 82% year-to-date compared to 2023, indicating strong demand in global markets [9] Market Data and Key Metrics Changes - The company secured key clients such as Pfizer and Thermo Fisher Scientific, while onboarding new customers like Integra LifeSciences and Curia [10] - The partnership with EMAQ continues to grow, enhancing business development opportunities [9] Company Strategy and Development Direction - The company is focused on accelerating international growth, launching new products, and managing expenses effectively [13] - TOMI is making strides into the consumer healthcare market through partnerships with Edgewell Personal Care and Reckitt Benckiser Group [12] - A strategic shift has been made to launch the SPC program, replacing the TOMI Service Network, to enhance brand awareness and expand the global footprint [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the food safety industry, highlighting a significant increase in the ready-to-eat food market and ongoing collaborations with regulatory bodies [40] - The company aims to achieve over $10 million in revenue for the year, indicating a positive outlook for Q4 [41] - Management noted the importance of maintaining strong relationships with key contacts to sustain momentum in product lines [21] Other Important Information - The company is actively working on custom integrations and expects new contracts to be operational by 2025 [11][19] - The SteraMist Integrated System was successfully deployed at the National Institute of Forensic Medicine in Malaysia for approximately $133,000 [26] Q&A Session Summary Question: Visibility on iHP recurring revenues - Management indicated that the $600,000 projected for custom engineered systems is expected to grow, with contracts becoming more predictable as the installed base increases [36][38] Question: Outlook for food safety industry in 2025 - Management expressed excitement about the food safety industry, noting significant growth potential and ongoing engagement with industry organizations [40] Question: Accounts receivable and inventory levels - The majority of customers operate on net 30 terms, and inventory primarily consists of finished goods [41][42] Question: Marketing and customer education efforts - The company is enhancing its marketing strategies, focusing on social media and SEO to increase awareness of its products [54] Question: Progress on ethylene oxide replacement market - Management acknowledged interest from companies using ethylene oxide but refrained from providing specific details at this time [57]
Tomi Environmental Solutions, Inc. to Hold Conference Call to Discuss Third Quarter 2024 Financial Results on October 30, 2024
GlobeNewswire News Room· 2024-10-24 12:46
FREDERICK, Md., Oct. 24, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced it will report results for the third quarter ended September 30, 2024, after the close of the financial markets on Wednesday, October 30, 2024, and will hold a conference call at 4:30 p.m. ET that day. To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled ...
TOMI Environmental Solutions, Inc. Announces Record Q3 2024 iHP Corporate Service Revenue
GlobeNewswire News Room· 2024-10-17 13:25
FREDERICK, Md., Oct. 17, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ: TOMZ), a global leader in disinfection and decontamination technologies, today announced that its iHP Corporate Service division is expected to recognize revenues of approximately $650,000 for the three month ended September 30, 2024. This marks a record for the division's quarterly performance, surpassing historical averages of approximately $250,000 per quarter or $1 million annually. TOMI intends to an ...
TOMI Environmental Solutions, Inc. to Hold Conference Call to Discuss Second Quarter 2024 Financial Results on August 1, 2024
GlobeNewswire News Room· 2024-07-26 20:30
FREDERICK, Md., July 26, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced it will report results for the second quarter ended June 30, 2024, after the close of the financial markets on Thursday, August 1, 2024, and will hold a conference call at 4:30 p.m. ET that day. A replay of the teleconference will be available until Thursday, August 15, 2024, and may be accessed by dialing ...