secwatch.observer — SEC 8-K summary
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Issuer:     TOMI Environmental Solutions, Inc. (TOMZ)
CIK:        0000314227
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001654954-24-006391
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TOMI Q1 revenue $1.1M, net loss $0.07/share; backlog $900K and DHS contract for $2M noted
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- Net revenue $1,114K, down 30% YoY from $1,582K; gross margin improved to 60.2% from 59.5%.
- Net loss $1,310K ($0.07 per share) vs $1,187K ($0.06) in Q1 2023.
- Sales backlog of $900K expected to convert in Q2 and Q3 2024.
- DHS allocated ~$2M for 16 SteraMist Environment Systems at Plum Island Animal Disease Center.
- iHP service revenue grew 21% YoY to $371K; new CES contract worth $600K signed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314227/000165495424006391/0001654954-24-006391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314227/000165495424006391/tomz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006391

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