Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions (NASDAQ: TOMZ) announced it has successfully passed the EN 17272 evaluation, the European standard for airborne room disinfection. This achievement positions TOMI to engage in Europe's medical, veterinary, and biological sectors, enhancing its international market presence. Test results indicated outstanding performance in phagocidal activities, distribution, and effectiveness of its SteraMist products, solidifying its standing as an industry standard. The company aims to leverage this success to promote its new SteraPak product and expand its global footprint.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched a new Amazon store featuring its SteraMist products, including the newly introduced SteraPak. This initiative, in partnership with Orca Pacific, aims to enhance product exposure and distribution for hospital-grade disinfectants. The SteraPak offers a cost-effective, versatile disinfection solution using ionized Hydrogen Peroxide, targeting both commercial and consumer markets. CEO Dr. Halden Shane emphasized this strategy as a complement to traditional sales methods, aiming to leverage Amazon's audience for increased market penetration.

TOMI Environmental Solutions, Inc.® (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 9, 2021. Dr. Shane will also hold one-on-one meetings throughout the day.

A company presentation will be available via webcasting starting September 13, with a replay accessible for 90 days. TOMI specializes in disinfection and decontamination through its Binary Ionization Technology (BIT) platform, particularly its SteraMist products, which utilize a low percentage of Hydrogen Peroxide.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported its second quarter financial results for 2021, revealing a significant revenue drop to $1.5 million from $10.0 million in the same period last year. This decline comes after a surge in demand due to COVID-19. Despite a slow sales volume across several divisions, TOMI anticipates increased demand in the latter half of 2021, driven by product innovation like the SteraPak system. The company projects strong sequential growth in Q3 and expects double-digit revenue growth in Q4, aiming to maintain its market position in disinfection solutions.

TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a project to install a custom-engineered system for a major pharmaceutical company in Europe. This project, aimed at sterilizing key areas in compliance with European cGMP requirements, marks a significant opportunity for TOMI as it continues to recover from pandemic-related delays. The installation, projected for completion in Q4 2021, will utilize advanced software and represents TOMI's most intelligent system to date. The partnership may lead to further opportunities within the pharmaceutical sector, enhancing TOMI's growth trajectory.

TOMI Environmental Solutions, Inc. (Nasdaq:TOMZ) announced it will release its second quarter financial results for the period ended June 30, 2021, on August 16, 2021, after market close. A conference call to discuss these results will follow at 4:30 p.m. ET. Investors can participate by calling (888) 506-0062 for domestic calls or (973) 528-0011 for international calls, using access code 952095. The earnings report and a live webcast will be available on the company’s Investor Relations website.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched the SteraPak, an innovative mobile disinfection unit utilizing its patented ionized Hydrogen Peroxide (iHP) technology. This all-in-one product offers a cost-effective alternative to traditional electrostatic sprayers and is designed for maneuverability and ease of use in various environments. With features like cordless operation and compatibility with global power sources, the SteraPak aims to enhance disinfection capabilities amid ongoing health concerns. TOMI is currently accepting deposits and expects to fulfill orders in Q3 2021.

TOMI Environmental Solutions (NASDAQ: TOMZ) will join the Russell Microcap Index following the annual reconstitution on June 28, 2021. This inclusion reflects TOMI's growth and the adoption of its disinfection technology through its SteraMist product line. Membership in this index, which is widely used by investors for benchmarking, is expected to enhance TOMI's visibility and support its goal of building shareholder value. Approximately $10.6 trillion in assets are indexed to Russell's benchmarks.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has expanded its SteraMist technology implementation to four Catalent facilities, with plans for a fifth. This follows a robust history of purchases, including a new six-figure order. Catalent's validation department praised SteraMist's effectiveness in resolving contamination issues. Additionally, Catalent is interested in acquiring the upcoming SteraMist Select Plus units. Elissa J. Shane, TOMI's COO, noted the long-term partnership and growth potential within the life sciences sector.