secwatch.observer — SEC 8-K summary
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Issuer:     TOMI Environmental Solutions, Inc. (TOMZ)
CIK:        0000314227
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000929638-24-002707
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314227/000092963824002707/0000929638-24-002707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314227/000092963824002707/a8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-24-002707

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer