TOMI reports second consecutive quarterly profit; Q3 revenue up 73% YoY to $2.5M

TOMI Environmental Solutions, Inc.

2024-Q3 EPS reported -$0.06 revenue$6,669,730

Net income of $59k ($0.00 EPS) vs. net loss of $901k ($0.05 loss) in Q3 2023.
Revenue $2.542M (+73% YoY); operating income $149k vs. operating loss of $901k.
Gross margin improved to 61.4% from 55.0%; Adjusted EBITDA $219k vs. -$807k.
International revenue grew 82% YoY driven by new customers in Canada, South Africa, and India.
Operating expenses decreased 10% YoY due to strategic cost reductions; cash positive quarter.

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