Niroshan Srirathan
On May 16, 2026, TOMI Environmental Solutions, Inc. (the “Company”) appointed Mr. Niroshan Srirathan as the Company’s Interim Chief Financial Officer, effective immediately.
Highest-materiality recent filing
TOMI to merge with Carbonium Core; Carbonium shareholders will own ~90% of combined entity
Carbonium holders receive TOMZ common (19.99% cap) plus convertible preferred, targeting 90% ownership post-conversion.
Majority shareholders OK removal of 19.99% cap and 1:3-1:6 reverse split
Majority shareholders approved via written consent on June 4, 2026, removing the 19.99% issuance cap under the November 5, 2025 purchase agreement with Hudson Global Ventures.
TOMI Environmental receives Nasdaq delisting notice for bid price, equity non-compliance
Nasdaq notified TOMI on May 19, 2026 that common stock will be delisted for failing to regain compliance with $1.00 bid price and $2.5M stockholders' equity requirements.
TOMI appoints interim CFO after unexpected death of CFO David Vanston
CFO David Vanston died unexpectedly on May 11, 2026; he had been with the company since May 30, 2025.
TOMI reports Q1 revenue $1.65M, net loss $0.04/sh, and LOI to merge with Carbonium Core ($120M EV)
Q1 2026 revenue $1.654M (+5% YoY); net loss ($811K) or ($0.04) per diluted share.
TOMI Environmental Solutions releases investor presentation; content not disclosed in filing
Company released an investor presentation on May 7, 2026, filed as Exhibit 99.1.
TOMI reports Q1 2026 BIT solution sales ~$427K; orders $3.36M, targeting >$12M FY revenue
Q1 2026 BIT solution sales ~$427,000; full-year 2025 BIT sales were $1.07M; gross margins exceed 80%.
TOMI reports preliminary Q1 2026 revenue ~$1.7M, up 67% sequentially
Q1 2026 preliminary revenue ~$1.7M, a 67% increase from Q4 2025.
TOMI full-year 2025 revenue falls 27% to $5.6M; net loss narrows to $0.19/shr
Net sales $5.636M vs $7.739M in 2024; customers deferred capex due to tariffs and Middle East crisis.
TOMI files legal opinion for $20M at-the-market equity facility with Hudson Global
Company may sell up to $20M of common stock to Hudson Global over 24 months per Nov 5, 2025 Purchase Agreement.
TOMI Environmental Solutions releases investor presentation; no material new facts disclosed
Filed investor presentation as Exhibit 99.1 on January 5, 2026.
TOMI receives Nasdaq deficiency letters for bid price and equity; faces delisting risk
Received notice on Nov 17, 2025 for bid price below $1.00 for 30 consecutive business days.
TOMI Environmental Solutions 2025 annual meeting elects Fragasso, Paul; ratifies auditor
Elected Francesco Fragasso and Harold Paul as Class II directors for three-year terms ending 2028.
TOMI Q3 revenue $2.0M, up 95% QoQ but down 21% YoY; net loss $450K
Revenue $2.0M in Q3 2025, up 95% sequentially from Q2 2025, down 21% from $2.5M in Q3 2024.
TOMI enters $20M equity purchase agreement with Hudson Global Ventures
Company can sell up to $20M of common stock to Hudson over 24 months at 92% of market price.
TOMI appoints Harold W. Paul to Board; Kelly Anderson resigns
Harold W. Paul appointed Class II director effective Sept 25, 2025.
TOMI appoints Francesco Fragasso to Board; Walter Johnsen resigns
Francesco Fragasso appointed to Board, effective September 11, 2025.
TOMI Environmental Q2 net sales drop 66% to $1.03M; net loss $1.24M
Net sales $1.03M in Q2 2025, down 66% YoY from $3.01M; net loss $1.24M ($0.06/sh) vs net income $30K.
TOMI Environmental regains Nasdaq minimum bid price compliance effective July 1, 2025
Nasdaq confirmed TOMI regained compliance with Listing Rule 5550(a)(2) after 20 consecutive days at $1.00+ from June 2 to June 30, 2025.
TOMI appoints David Vanston as CFO effective May 30, 2025
Annual base salary of $230,000 with eligibility for discretionary bonus up to 40% of base.
TOMI Q1 revenue up 42% YoY to $1.58M; net loss narrows to $0.01/share
Net loss improved to $(256K) or $(0.01)/share vs $(1.31M) or $(0.07) YoY; operating loss $(754K) from $(1.226M).
TOMI reports Q4 2024 GAAP net loss due to non-cash reserves; sees Q1 2025 revenue up 42% YoY
Annual revenue increased 5% YoY for 2024; no dollar figures provided in press release.
TOMI Environmental receives Nasdaq deficiency notice for bid price below $1.00 for 30 days
Deficiency letter received March 28, 2025 for non-compliance with Nasdaq Listing Rule 5550(a)(2).
TOMI regains Nasdaq minimum bid price compliance, avoids reverse split
Received letter from Nasdaq on Jan 14, 2025 confirming compliance with Listing Rule 5550(a)(2).
TOMI CFO Joe Rzepka resigns; former CFO Nick Jennings appointed interim
Joe Rzepka resigned as CFO on Dec 11, 2024, for personal reasons.
TOMI shareholders approve reverse stock split authorization; elect directors
Elected Dr. Lim Boh Soon and Elissa J. Shane as Class I directors with ~10.2M votes each.
TOMI reports second consecutive quarterly profit; Q3 revenue up 73% YoY to $2.5M
Net income of $59k ($0.00 EPS) vs. net loss of $901k ($0.05 loss) in Q3 2023.
TOMI reports preliminary Q3 2024 revenue up 73% YoY, two consecutive quarters of profitability
Revenue expected +73% YoY in Q3 2024; nine months +14.5% YoY; reports positive net income for Q3.
TOMI launches SteraMist Integrated System – Standalone for cleanroom decontamination
System targets Biological Safety Cabinets (BSCs) in labs and cleanrooms.
TOMI iHP Corporate Service Q3 revenue record ~$650K, up from ~$250K quarterly average
iHP Corporate Service division expects record ~$650K revenue for Q3 2024 vs. historical ~$250K/quarter average.
TOMI Environmental sets Nov 19, 2024 annual meeting; Oct 18 record and proposal deadline
Annual meeting set for Nov 19, 2024 at 1:00 pm ET via virtual webcast.
TOMI Environmental Solutions receives Nasdaq extension to Feb 10, 2025 for bid price compliance
Received deficiency letter Feb 2024 for bid price below $1.00; granted additional 180-day extension.
TOMI Q2 2024: Revenue $3.0M (+8.6% YoY), turns profitable with net income $30k
Net income of $30k vs net loss of $89k in Q2 2023; operating income of $122k vs operating loss of $89k.
TOMI prelim Q2 rev ~$3.0M, +10% YoY, +170% sequential; BIT sales +31% YoY
Preliminary Q2 2024 revenue ~$3.0M, up 10% YoY and 170% sequentially from Q1 2024.
TOMI cuts exec pay 30%, expects $500k cash savings; provides business update
Executive salaries reduced 30% for remainder of 2024 for Dr. Shane and Ms. Shane; Mr. Rzepka base salary cut 10% to $166,500.
TOMI Q1 revenue $1.1M, net loss $0.07/share; backlog $900K and DHS contract for $2M noted
Net revenue $1,114K, down 30% YoY from $1,582K; gross margin improved to 60.2% from 59.5%.
TOMI FY2023 revenue $7.36M (-12% YoY); net loss $3.4M, EPS -$0.17
Full-year net revenue $7,355K vs $8,338K; net loss widened to $3,403K from $2,880K.
TOMI receives Nasdaq deficiency notice for bid price below $1.00
Deficiency letter received Feb 15, 2024; closing bid price below $1.00 for 30 consecutive business days.
TOMI Q3 revenue $1.47M, net loss $0.05/share; issues $2.6M convertible note
Q3 2023 revenue $1.47M vs $1.76M YoY; gross margin 55% vs 61%.
TOMI issues $2.6M in 12% convertible notes; up to $5M total available
Issued $2.6M of 12% convertible notes due in 5 years; aggregate principal capacity of $5M.
TOMI shareholders approve reverse split authorization; Nasdaq bid-price compliance regained
Elected Dr. Halden S. Shane as Class III director with 11,015,305 votes for, 141,518 withheld.
TOMI regains Nasdaq minimum bid price compliance; reverse stock split plan suspended
Nasdaq confirmed TOMI regained compliance with $1.00 minimum bid price rule; matter closed.
TOMI Q2 revenue up 90% to $2.78M; net loss narrows to $0.00 EPS
Q2 revenue $2.78M (+90% YoY); gross margin 61%; operating loss improved to ($89K) from ($863K).
TOMI Environmental sets Sept 12, 2023 for annual meeting; Aug 18 record date
2023 Annual Meeting scheduled for September 12, 2023, via virtual webcast.
TOMI Q2 2023 preliminary revenue ~$2.8M, up 90% YoY and 75% sequentially
Preliminary unaudited Q2 2023 revenue expected ~$2.8M, up $1.3M or 90% vs Q2 2022.
TOMI Q1 revenue $1.58M, net loss $1.19M; backlog of $1.55M deferred
Net revenue $1.58M, down 31.5% YoY from $2.31M; net loss $1.19M ($0.06 EPS) vs $0.66M loss.
TOMI gets Nasdaq extension to Oct 2, 2023 for bid price compliance
Nasdaq granted additional 180 days until October 2, 2023 to regain $1.00 minimum bid price.
TOMI Q4 revenue up 40% to $2.8M; net loss narrows 58% YoY
Q4 revenue $2.812M (+40% YoY); FY revenue $8.338M (+8% YoY).
Shareholders elected Kelly J. Anderson and Walter C. Johnsen as Class II directors for three-year terms expiring 2025.
TOMI Environmental Q3 revenue $1.76M, net loss $653K; orders up 5% YoY
Q3 revenue $1.76M (down 20% YoY); gross margin improved to 60.9% from 59.6%.
On May 16, 2026, TOMI Environmental Solutions, Inc. (the “Company”) appointed Mr. Niroshan Srirathan as the Company’s Interim Chief Financial Officer, effective immediately.
On May 30, 2025, the Board of Directors (the “Board”) of TOMI Environmental Solutions, Inc. (the “Company”) appointed Mr. David Vanston as the Company’s Chief Financial Officer, effective immediately.
The appointment was made following the expiration of Mr. Nick Jennings’s offer letter to serve as the Interim Chief Financial Officer of the Company, as previously disclosed by the Company.
the Board appointed Ms. Elissa J. Shane to serve as a member of the Board.
Mr. Harold Paul notified TOMI Environmental Solutions, Inc. (the "Company") that he will resign as a director of the Company effective August 2, 2021.
Max materiality 0.90 · Median 0.60 · Most common event earnings