TOMI Q2 2024: Revenue $3.0M (+8.6% YoY), turns profitable with net income $30k

TOMI Environmental Solutions, Inc.

2024-Q2 EPS reported -$0.06 revenue$4,127,479

Net income of $30k vs net loss of $89k in Q2 2023; operating income of $122k vs operating loss of $89k.
Adjusted EBITDA of $343k, up from $2k in prior-year quarter.
Revenue sequential growth of 170% from Q1 2024; mobile equipment sales accounted for over 60% of Q2 revenue.
International revenue up 130% YoY; BIT Solution sales up 31% YoY.
Operating expenses decreased 9% sequentially and 3% YoY; cash $709k, working capital $6.8M.

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