secwatch.observer — SEC 8-K summary
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Issuer:     TOMI Environmental Solutions, Inc. (TOMZ)
CIK:        0000314227
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001654954-24-004046
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TOMI FY2023 revenue $7.36M (-12% YoY); net loss $3.4M, EPS -$0.17
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- Full-year net revenue $7,355K vs $8,338K; net loss widened to $3,403K from $2,880K.
- Gross margin slipped to 58.3% from 60.6% on product mix shift.
- SteraMist iHP service revenue grew 13% YoY; four CES systems delivered in 2023.
- Added 9 distributors and 11 sales reps; contract with Vizient GPO for healthcare access.
- Closed $2.6M convertible note financing for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314227/000165495424004046/0001654954-24-004046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314227/000165495424004046/tomz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004046

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