TOMI Q3 revenue $1.47M, net loss $0.05/share; issues $2.6M convertible note

TOMI Environmental Solutions, Inc.

2024-Q3 EPS reported -$0.11 revenue$5,826,890

Q3 2023 revenue $1.47M vs $1.76M YoY; gross margin 55% vs 61%.
Net loss $901K ($0.05 per share) vs $653K ($0.03) in prior year.
Nine-month revenue $5.83M, up 5% YoY; net loss $2.18M ($0.11/share).
Subsequent to quarter, issued $2.6M convertible note for working capital and expansion.
SteraMist iHP service revenue grew 59% YoY in Q3; new partnerships with Colcom, Universal Disinfection.

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 0.95

TOMI Environmental Solutions, Inc. reported the nine months ended September 30, 2023 results: revenue $5,827,000, net income ($2,177,000) or ($0.11) per basic and diluted share, EPS ($0.11) per basic and diluted share.

Period: the nine months ended September 30, 2023
Revenue: $5,827,000
Net income: ($2,177,000) or ($0.11) per basic and diluted share
EPS: ($0.11) per basic and diluted share
Result: reported results

Exact text from the filing

is included with the Company’s financial information below. Financial Results for the Nine Months Ended Septmeber 30, 2023 compared to September 30, 2022 · Total net revenue was $5,827,000 compared to $5,527,000. · Gross margin was 59% compared to 62%. The decrease in gross profit was attributable to product mix in sales. · Operating loss was ($2,178,000) compared

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TOMI Environmental Solutions, Inc. reported the third quarter ended September 30, 2023 results: revenue $1,470,000, net income ($901,000) or ($0.05) per basic and diluted share, EPS ($0.05) per basic and diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $1,470,000
Net income: ($901,000) or ($0.05) per basic and diluted share
EPS: ($0.05) per basic and diluted share
Result: reported results

Exact text from the filing

financial results in the fourth quarter and in 2024.” 1 Financial Results for the Three Months Ended September 30, 2023 compared to September 30, 2022 · Total net revenue was $1,470,000 compared to $1,760,000. · Gross margin was 55% compared to 61%. The decrease in gross profit was attributable to product mix in sales. · Operating loss was ($901,000) compared to

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Source: SEC EDGAR

accession 0001654954-23-014366

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