Core Insights - TOMI Environmental Solutions, Inc. reported a 5% year-over-year increase in annual revenue for 2024, reaching $7.739 million compared to $7.355 million in 2023, while also expanding its customer base and product line [2][8] - The company experienced a GAAP net loss of $4.477 million for the year, compared to a loss of $3.403 million in the previous year, but noted improvements in non-GAAP financials, with a non-GAAP net loss of $2.050 million compared to $2.838 million in 2023 [3][4][8] - Preliminary Q1 2025 revenues are up 42% compared to Q1 2024, indicating a strong start to the year and a robust sales pipeline [2][16] Financial Performance - For the fourth quarter of 2024, net sales were $1.069 million, down from $1.528 million in Q4 2023, with a GAAP gross margin of -49.5% compared to 54.9% in the prior year [3][8] - Non-GAAP gross sales for Q4 2024 were $1.296 million, down from $1.656 million in Q4 2023, with a non-GAAP gross margin of 54.2% compared to 58.4% in the same period last year [4][8] - The total operating loss for the year was $4.105 million, compared to $3.349 million in 2023, while the non-GAAP operating loss improved to $1.678 million from $2.785 million [3][4][8] Business Highlights - SteraMist product-based revenues increased to $6.035 million in 2024 from $5.781 million in 2023, driven by higher demand for mobile and SIS units [8] - Service-based revenue also grew to $1.704 million in 2024 from $1.574 million in 2023, attributed to increased demand for iHP services [8] - International revenue grew by 33% in 2024, with new customers in Canada, South Africa, and India, and the company has established partnerships across various regions [8] Future Outlook - The company anticipates continued improvement in profitability throughout 2025, supported by high gross margins and a reduced expense structure [2][7] - Sales backlog increased to $1.232 million as of March 31, 2025, reflecting a 40% increase from December 31, 2024 [16] - The company is committed to nurturing partnerships with over 30 partners globally to strengthen the SteraMist brand [8]

Financial Data and Key Metrics Changes - GAAP revenue increased to $7.739 million in 2024 from $7.355 million in 2023, driven by higher demand for mobile systems and IHP corporate service revenue [51] - Non-GAAP revenue was approximately $8 million, reflecting nearly a 6% increase over 2023 [52] - GAAP net loss was $4.477 million or $0.22 per share compared to a net loss of $3.403 million or $0.17 per share in the prior year [57] Business Line Data and Key Metrics Changes - Mobile equipment sales totaled approximately $3.8 million in 2024, reflecting a 23% growth compared to 2023 [54] - Service revenue generated around $2 million, a 23% increase from the previous year [54] - BIT solution sales reached approximately $900,000, marking a 9% growth [54] Market Data and Key Metrics Changes - The IHP corporate service division secured contracts extending through 2026, with a 42% increase in Q1 2025 compared to the same period last year [29] - Distribution arrangements resulted in 13 partners, leading to approximately $930,000 in sales for 2024 [27] Company Strategy and Development Direction - The company aims to expand the SteriMIST IHP brand globally and has established valuable partnerships in key markets [16] - Focus on enhancing sales infrastructure by establishing new distribution channels and recruiting independent representatives [59] - Plans to nurture the pipeline of CES hybrid and SIS sales to positively impact revenue in 2025 and beyond [60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, highlighting early successes in 2025 and a healthy pipeline [15][16] - The company is focused on returning to sustainable positive cash flow as soon as possible [50] - Management acknowledged challenges in the global food market but emphasized ongoing collaborations to address these issues [30] Other Important Information - The company has reduced R&D expenses by 41%, advertising and sales commissions by 17%, and consulting expenses by 20% in 2024 [48] - The company is actively pursuing new EPA labels to support growth within the cannabis and food safety industries [69] Q&A Session Summary Question: Revenue guidance for the year and margin information - Management indicated that margins should remain around current levels and expects additional wins to follow throughout the year [85][89] Question: Impact of tariffs on the company - Management does not anticipate significant ramifications from the tariff situation at this time [100] Question: Adequacy of cash levels to address opportunities - Management is looking to raise funds and believes current cash levels, along with accounts receivable, will be sufficient [102] Question: Status of FDA ruling for 1% solution for food products - Management stated it is hard to predict due to changes within regulatory agencies [110] Question: Modifications to SteriPak - Management confirmed that they are considering upgrades to surface units but are currently marketing the existing SteriPak [112]

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]

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]

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]

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]

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]

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]