secwatch.observer — SEC 8-K summary
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Issuer:     TOMI Environmental Solutions, Inc. (TOMZ)
CIK:        0000314227
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001654954-23-006554
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TOMI Q1 revenue $1.58M, net loss $1.19M; backlog of $1.55M deferred
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- Net revenue $1.58M, down 31.5% YoY from $2.31M; net loss $1.19M ($0.06 EPS) vs $0.66M loss.
- Adjusted EBITDA loss ($0.94M) vs ($0.28M) prior year; gross margin 59.5% vs 61.5%.
- Recognized revenue plus sales backlog was ~$3.13M; $1.55M backlog deferred to later quarters.
- Cash & equivalents $2.5M; shareholders' equity $10.5M; working capital $7.9M.
- Business milestones: Pfizer global vendor acceptance; added 6 distributors including Janz, Technimount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314227/000165495423006554/0001654954-23-006554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314227/000165495423006554/tomz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006554

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