Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has announced an expanded partnership with Rocky Mountain Construction (RMC) to provide high-level disinfection services to the Widefield School District as schools reopen after winter break. RMC previously used TOMI's SteraMist technology to disinfect approximately 1.5 million square feet across 21 facilities, significantly reducing infection rates, including SARS-COV-2. TOMI's COO highlighted the importance of their technology for ensuring safe environments for students and staff, reinforcing their commitment to public health in educational settings.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) announced that CEO Dr. Halden Shane will present at the Needham Virtual Growth Conference on January 15, 2021, at 11:30 AM ET. He will also be available for virtual one-on-one meetings throughout the day. TOMI specializes in disinfection and decontamination solutions, primarily using its Binary Ionization Technology (BIT) platform, which employs a low percentage of Hydrogen Peroxide for effective indoor surface disinfection. A public webcast of the presentation will be accessible for interested parties.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has strengthened its partnership with Merakey Behavioral Health, providing critical disinfection services using its SteraMist technology, which utilizes ionized hydrogen peroxide. Merakey operates across 12 states, treating over 234,582 square feet quarterly to ensure safety against pathogens like COVID-19 and MRSA. The need for such technology has intensified due to COVID’s resurgence. Dr. Halden Shane emphasizes SteraMist's efficacy and non-toxic nature, positioning it as an essential solution for healthcare facilities amidst evolving health challenges.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported significant growth for its TOMI Service Network (TSN) members across North America in 2020, with notable revenue increases linked to its SteraMist products. G.S. Jones from Pittsburgh reported a striking 1,233% revenue growth to approximately $330,180, while Environmental Steri-Clean achieved a 554% increase, resulting in revenues of $611,933. TOMI's COO noted that this reflects the dedication of network members and showcases the adaptability of SteraMist technology amid rising health concerns due to the pandemic.

TOMI Environmental Solutions (NASDAQ:TOMZ) has received a follow-on order from ITH Pharma Limited for a second SteraMist Custom Engineered System (CES). This follows initial success at ITH's refurbished facility, which is crucial for meeting stringent decontamination standards set by regulatory bodies. With this order, ITH aims to boost compliance in aseptic compounding, particularly for COVID-19 testing supplies. Starting in 2021, ITH will place recurring orders for 100 gallons per month of BIT Solution, enhancing TOMI's revenue stream. The partnership highlights the growing demand for effective disinfection technologies.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) continues to expand its SteraBot™ deployment, which is a disinfection robot developed in partnership with RV Automation Technology. The robot has been successfully launched in five locations, including educational and healthcare facilities in Hong Kong and Lithuania. SteraBot aims to enhance disinfection accuracy and efficiency, reducing human error and operational costs. CEO Dr. Halden Shane highlights growing market interest in robotic disinfection solutions, indicating a positive outlook for future demand.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has engaged IMS Investor Relations to enhance its investor communication strategies. CEO Halden S. Shane highlighted the significant uptake of TOMI’s disinfection technology over the past year, driven by its recent NASDAQ uplisting. Notably, the company reported a 376% revenue increase in the first nine months of 2020, reaching $21.4 million, up from $4.5 million in the same period last year. The patented SteraMist technology is gaining recognition across various sectors, including healthcare and food safety, underlining TOMI's growth potential.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) continues to advance its intellectual property protection for its innovative Binary Ionization Technology (BIT) through its SteraMist products. The company has received registration from the Australian Register of Therapeutic Goods and issued a first patent for its ionized Hydrogen Peroxide (iHP) technology in Australia. TOMI holds over 40 patents globally and is pursuing additional applications in various regions including the U.S. and EU. With over 55 trademarks approved, TOMI emphasizes the importance of its intellectual property in expanding its disinfection technology.

In its Q3 2020 results, TOMI Environmental Solutions (NASDAQ: TOMZ) reported total net revenue of $4.29 million, a 168% increase from Q3 2019. Year-to-date revenue surpassed $21 million, reflecting a 376% year-over-year growth. SteraMist equipment revenue surged by 340%, while BIT solution revenue rose 183%. The company achieved a net income of $1.02 million or $0.06 per share, compared to a net loss of $0.24 million the previous year. Despite gross margin decline to 66.1%, the demand for disinfecting solutions is increasing, and new product developments are underway.