Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions (NASDAQ: TOMZ) announced a collaboration with On Demand Pharmaceuticals to enhance drug manufacturing through advanced decontamination solutions using TOMI's SteraMist systems. This partnership, leveraging technologies from DARPA, aims to ensure safe production environments in On Demand's modular cleanroom. The Binary Ionization Technology platform provides efficient disinfection, promoting health and safety in pharmaceutical manufacturing. Both companies are committed to innovation in their respective fields, addressing critical needs in health and safety.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced that H.C. Wainwright has initiated analyst coverage of its common stock. This move aims to increase market visibility and enhance the understanding of TOMI's disinfection solutions utilizing its Binary Ionization Technology (BIT). The company emphasizes that analysts' reports reflect their perspectives and not necessarily those of TOMI. The 31-page report is accessible through H.C. Wainwright. TOMI's BIT platform is used widely across various sectors, including healthcare and food processing, underscoring its importance in infection prevention.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched the SteraMist Amazon Store, showcasing its SteraPak products utilizing Binary Ionization Technology (BIT). This digital storefront enhances sales channels, making purchasing easier for customers. The SteraPak is designed for various environments, offering efficient disinfection without harmful residues. CEO Dr. Halden Shane emphasized the importance of this initiative in expanding the customer base and protecting against emerging pathogens like the Omicron variant and C. auris fungus.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) reported Q3 2021 revenues of $2.2 million, a 50% increase from Q2 2021. However, this marked a decline from $4.3 million in Q3 2020. Gross margins fell to 59.6% from 66.0% year-over-year. Operating loss stood at $0.5 million, contrasting with an income of $1.1 million in the same quarter last year. The company's net loss was $0.5 million or $0.03 per share. Recent highlights include expanding their product line with SteraPak and establishing an Amazon store. TOMI remains optimistic for continued growth into Q4 2021 and 2022.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) will release its third-quarter financial results after market close on November 12, 2021. A conference call is scheduled for 4:30 p.m. ET to discuss these results. The company specializes in disinfection and decontamination technologies, particularly through its Binary Ionization Technology (BIT) platform and SteraMist product line. The call will be accessible via phone and a live webcast, with a replay available until November 26, 2021.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced EPA registration for its 0.35% hydrogen peroxide BIT Solution, expanding its market reach in food supply chain disinfection. This marks the third EPA registration for the company, allowing the product's use across pre-harvest to distribution phases for various agricultural products. The registration follows extensive research and testing, enabling the solution to combat harmful plant pathogens effectively. CEO Dr. Halden S. Shane expressed confidence that this product will transform food industry decontamination standards.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the LD Micro Main Event on October 12, 2021, at 6:30 PM ET. The presentation will cover TOMI's innovations in disinfection and decontamination technology, particularly their proprietary Binary Ionization Technology® (BIT™) using ionized Hydrogen Peroxide. This technology targets a wide range of commercial and residential environments. Interested parties can register to view the presentation online.

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.