EX-99.1 2 tomz_ex991.htm PRESS RELEASE EXHIBIT 99.1 TOMI ENVIRONMENTAL SOLUTIONS, INC. REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS FREDERICK, MD, April 1, 2024 — TOMI Environmental Solutions, Inc.® ("TOMI") (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination utilizing its premier Binary Ionization Technology (BIT) platform through its SteraMist brand of products, today announced its fourth quarter and year end 2023 results. TOMI Chief Executive Officer, Dr. Halde ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 TOMI ENVIRONMENTAL SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Florida 59-1947988 (I.R.S. Employer Identification No.) 8430 Spires Way Frederick, Maryland 21701 (Address of principal executive offices) (Zip Co ...

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants John Nesbett - Investor Relations Halden Shane - Chief Executive Officer and Chairman E.J. Shane - Chief Operating Officer Nick Jennings - Chief Financial Officer Conference Call Participants John Nelson - Private Investor Operator Greetings. Welcome to the TOMI Environmental Solutions, Inc. Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please no ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-09908 TOMI ENVIRONMENTAL SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Florida 59-1947 ...

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Q2 2023 Earnings Call Transcript August 11, 2023 4:30 PM ET Company Participants John Nesbett - IMS IR Dr. Halden Shane - CEO and Chairman E.J. Shane - COO Nick Jennings - CFO Conference Call Participants Todd Felte - AGES Financial Services John Nelson - Private Investor Operator Greetings. Welcome to the TOMI Environmental Solutions Incorporated Second Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. ...

Financial Performance - Net sales for the three months ended June 30, 2023, increased to $2.77 million, a 90.2% increase compared to $1.46 million for the same period in 2022[21]. - Gross profit for the six months ended June 30, 2023, was $2.64 million, up 12.8% from $2.34 million in the same period of 2022[21]. - The net loss for the three months ended June 30, 2023, was $88,591, a significant improvement compared to a net loss of $862,382 for the same period in 2022[21]. - For the six months ended June 30, 2023, the net loss was $1,276,078, an improvement from a net loss of $1,521,865 in the same period of 2022, representing a decrease of approximately 16%[29]. - Revenue for Q2 2023 was $2,775,000, representing a 90% increase or $1,300,000 compared to Q2 2022[126]. - Revenue for the first half of 2023 was $4,357,000, reflecting a 16% growth over the same period in the prior year[127]. - Loss from operations improved by 90% for Q2 2023 compared to the same period last year[128]. Assets and Liabilities - Total assets decreased to $13.35 million as of June 30, 2023, down from $15.50 million at the end of 2022, representing a decline of approximately 13.8%[15]. - Shareholders' equity decreased to $10.38 million as of June 30, 2023, down from $11.45 million at the end of 2022, reflecting a decline of approximately 9.3%[19]. - Cash and cash equivalents decreased to $1.57 million as of June 30, 2023, from $3.87 million at the end of 2022, a decline of about 59.3%[15]. - Total current liabilities decreased to $2.26 million as of June 30, 2023, down from $3.29 million at the end of 2022, a reduction of approximately 31.2%[17]. - Total inventories as of June 30, 2023, were $4,412,786, a slight decrease from $4,495,999 as of December 31, 2022[83]. - Property and equipment, net as of June 30, 2023, was $1,238,241, down from $1,335,331 as of December 31, 2022[85]. Revenue Breakdown - Total revenue for the three months ended June 30, 2023, was $2,775,000, a 90.4% increase from $1,458,000 in the same period of 2022[65]. - SteraMist product revenue for the three months ended June 30, 2023, was $2,272,000, compared to $1,134,000 in 2022, reflecting a 100.9% increase[65]. - Service and training revenue for the three months ended June 30, 2023, was $503,000, up from $324,000 in 2022, representing a 55.4% increase[65]. - Revenue from the United States for the three months ended June 30, 2023, was $2,602,000, compared to $1,206,000 in 2022, marking a 116.5% increase[66]. Expenses - Total operating expenses for the three months ended June 30, 2023, were $1.79 million, slightly up from $1.78 million in the same period of 2022[21]. - Research and development expenses for the three months ended June 30, 2023, were approximately $74,000, down from $99,000 in 2022, a decrease of 25.3%[79]. - Advertising and promotional expenses for the three months ended June 30, 2023, were approximately $142,000, a decrease from $158,000 in 2022, reflecting a 10.1% reduction[78]. - The company reported a depreciation and amortization expense of $179,336 for the six months ended June 30, 2023, compared to $165,043 for the same period in 2022, reflecting an increase of approximately 9%[29]. Cash Flow - Cash flow from operating activities resulted in a net cash used of $2,198,350 for the six months ended June 30, 2023, compared to $450,954 for the same period in 2022, indicating a significant increase in cash outflow[29]. - The ending cash and cash equivalents as of June 30, 2023, were $1,574,088, down from $4,800,408 at the end of June 30, 2022, reflecting a decrease of approximately 67%[31]. - Net cash used in operations for the first half of 2023 was approximately $2,198,000[200]. Market and Product Developments - The company launched its fourth generation SteraMist Environment System, which operates at 24 volts and features eight outputs, enhancing its efficiency and usability[150]. - The SteraMist BIT solution product line now includes five options, ranging from a 32-ounce bottle to a 55-gallon drum, supporting the company's razor/razor-blade business model[151]. - The company has established partnerships with domestic and international distributors to expand its market reach, including a distributor agreement with Avantor, a Fortune 500 company[140][138]. - The company is focusing on long-term projects and validations in the life sciences sector, with expectations for installations to materially impact results in 2023 and 2024[161]. - The company has maintained relationships with large pharmaceutical companies and has treated four BSL-3 research laboratories recently, indicating growth in its iHP service department[161]. Customer and Sales Insights - Three customers accounted for 57% of net revenue for Q2 2023, highlighting customer concentration risk[120]. - The company has received 15 orders for CES systems since the product launch, indicating strong market demand[134]. - The integration of TOMI's technology into the Cell Shuttle enhances decontamination capabilities, aligning with industry needs[132]. - The total recognized revenue and customer sales backlog for the three months ended June 30, 2023, was approximately $3,261,000, consisting of recognized revenue of $2,775,000 and a customer sales backlog of approximately $486,000[145]. Future Outlook - The company anticipates achieving profitability in Q4 2023, supported by strong second-quarter results[178]. - The company expects new product introductions to positively impact net sales, cost of sales, and operating expenses during the fiscal year[152]. - Recent studies demonstrated SteraMist's effectiveness in reducing microbial contamination in cannabis without affecting potency[195]. - The company is actively pursuing additional EPA registrations to enhance its market presence in the food safety sector[193].

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Q1 2023 Results Conference Call May 15, 2023 4:30 PM ET Company Participants John Nesbett - IMS IR Dr. Halden Shane - CEO and Chairman E.J. Shane - COO Nick Jennings - CFO Conference Call Participants Todd Felte - AGES Financial Services Sameer Joshi - H.C. Wainwright Operator Good day, ladies and gentlemen. Welcome to the TOMI Environmental Solutions First Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mod ...

For the quarterly period ended March 31, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (800) 525-1698 For the transition period from _____ to _____ Commission File Number: 000-09908 TOMI ENVIRONMENTAL SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (Sta ...

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Q4 2022 Results Conference Call March 16, 2023 4:30 PM ET Company Participants John Nesbett - IMS IR Dr. Halden Shane - CEO and Chairman E.J. Shane - COO Nick Jennings - CFO Conference Call Participants Sameer Joshi - H.C. Wainwright Operator Good afternoon, and welcome to the TOMI Environmental Fourth Quarter and Year-End 2022 Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, John Nesbett from IMS In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-09908 TOMI ENVIRONMENTAL SOLUTIONS, INC. (Exact name of registrant as specified in its charter) FLORIDA 59-1947988 (State or other jurisdiction ...