Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a purchase order from a top-five multinational pharmaceutical company for its SteraMist Environment system and validation service. This initial order is intended for a new facility, with expectations of follow-on orders for multiple locations in the U.S. and Europe. TOMI's ionized Hydrogen Peroxide (iHP) technology is eco-friendly and produces no hazardous byproducts, aligning with the company's sustainability goals. The COO expressed confidence in expanding partnerships with prestigious life science customers, enhancing TOMI's market presence.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced the closing of a registered direct offering of 2,869,442 shares of common stock at $1.7425 per share, raising approximately $5.0 million. Investors also received warrants to purchase an additional 1,434,721 shares. The proceeds will be allocated towards sales and marketing expenses, inventory purchases, and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for this transaction.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced a registered direct offering, selling 2,869,442 common shares at $1.7425 each, expected to yield approximately $5 million gross proceeds. Additionally, investors will receive warrants to purchase up to 1,434,721 shares at an exercise price of $1.68, valid for five years. Funds from this offering will support sales, marketing, inventory purchases, and other corporate needs. Closing is anticipated around September 29, 2021, pending customary conditions.

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.