TOMI Q2 revenue up 90% to $2.78M; net loss narrows to $0.00 EPS

TOMI Environmental Solutions, Inc.

2024-Q2 EPS reported -$0.06 revenue$4,356,871

Q2 revenue $2.78M (+90% YoY); gross margin 61%; operating loss improved to ($89K) from ($863K).
Net loss ($89K) or ($0.00) per share vs ($862K) loss in Q2 2022.
Adjusted EBITDA turned positive at $2K vs loss ($780K) prior year.
CEO states attainable profitability in Q4 2023; signed Vizient GPO contract and new distributors.
Six-month revenue $4.36M (+16%); net loss ($1.28M) vs ($1.52M).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TOMI Environmental Solutions, Inc. reported the second quarter ended June 30, 2023 results: revenue $2,775,000, net income ($89,000), EPS $0.00 per basic and diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $2,775,000
Net income: ($89,000)
EPS: $0.00 per basic and diluted share
Result: reported results

Exact text from the filing

and deliver improved results and values for our shareholders.” Financial Results for the Three Months Ended June 30, 2023 compared to June 30, 2022 1 · Total net revenue was $2,775,000 compared to $1,458,000, representing an increase of $1,317,000 or 90%. The increase in revenue was largely due to strong growth in our product and service revenue in the current

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Source: SEC EDGAR

accession 0001654954-23-010754

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