Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions (NASDAQ: TOMZ) has achieved compliance with Avetta, a third-party vendor management and compliance platform, demonstrating its commitment to health, safety, and environmental (HSE) excellence. This achievement complements TOMI's existing memberships with Highwire and ISNetworld.

The company specializes in disinfection and decontamination solutions through its Binary Ionization Technology® (BIT™) platform, which was developed under a defense grant with DARPA. The technology uses low percentage hydrogen peroxide and patented ionized Hydrogen Peroxide (iHP™) technology in SteraMist systems.

According to COO Elissa J. Shane, this compliance validation enhances TOMI's credibility with platinum life sciences customers and is expected to drive revenue growth. The company's solutions serve various sectors, including hospitals, biosafety labs, pharmaceutical facilities, commercial buildings, schools, and food processing facilities.

TOMI Environmental Solutions (NASDAQ: TOMZ) reported significant revenue growth in January 2025. The company's BIT Solution sales increased by 159% compared to January 2024, while its iHP Corporate Service revenue showed an 89% increase in completed services for the same period.

Dr. Halden Shane, CEO, highlighted increased customer engagement and growing recognition of their disinfection technology. The company noted positive shifts in customer behavior, with key decision-makers establishing formal project timelines for larger-scale initiatives. Management expects strong revenue performance to continue throughout 2025.

These results are preliminary and subject to adjustments pending the completion of Q1 2025 financial closing processes.

TOMI Environmental Solutions (NASDAQ: TOMZ) has successfully regained compliance with Nasdaq's minimum bid price requirement as of January 14, 2025, after maintaining a closing bid price of $1.00 or higher for 10 consecutive trading days. The company will continue trading on The Nasdaq Capital Market under the symbol 'TOMZ'.

Building on its 2024 achievements, TOMI outlined its 2025 growth strategy focusing on: expanding partnerships in high-growth markets including government, commercial, and educational sectors; innovating its SteraMist technology; targeting international expansion to address global infectious disease concerns; and maintaining operational and financial excellence.

The company specializes in disinfection and decontamination solutions through its Binary Ionization Technology® (BIT™) platform, which uses ionized Hydrogen Peroxide (iHP™) technology developed under a DARPA defense grant.

TOMI Environmental Solutions (NASDAQ: TOMZ) announces its readiness to address emerging public health threats using its SteraMist technology amid growing concerns over RSV, HMPV, and H5N1 viruses. The company is expanding its reach to government agencies, commercial clients, and school districts nationwide.

Building on its track record in controlling previous pandemics like Ebola and SARS-CoV-2, TOMI is positioned to meet increasing demand for infection prevention solutions. The company secured new contracts with school districts and is collaborating with distributors as global infectious disease threats intensify, including the HMPV surge in China and ongoing avian flu outbreak.

With the U.S. Department of Health and Human Services allocating $306 million for avian flu response, TOMI's technology is well-suited for high-risk environments. The company's SteraMist solution, which uses ionized Hydrogen Peroxide technology, leaves no harmful residues and is environmentally friendly, making it suitable for various applications including healthcare facilities, schools, and food production facilities.

TOMI Environmental Solutions (NASDAQ: TOMZ) has announced a new installation of its Custom Engineered Solution (CES) at a pharmaceutical facility in the United Kingdom. The facility is investing $500,000 in a twelve-applicator CES system that utilizes SteraMist iHP technology for efficient decontamination without requiring complete facility shutdowns.

The installation represents TOMI's strategic expansion in critical markets through its innovative technology offerings. The SteraMist technology uses Binary Ionization Technology (BIT) platform, which was developed under a defense grant with DARPA and employs low percentage hydrogen peroxide as its active ingredient to create ionized Hydrogen Peroxide (iHP) for superior disinfection.

TOMI Environmental Solutions (NASDAQ: TOMZ) is actively monitoring the recent H5N1 bird flu outbreak in California, declared a state of emergency. With 61 reported cases in the US since April 2024 and the CDC confirming the first severe human case, TOMI is poised to contribute its specialized disinfection and decontamination solutions to combat the outbreak.

The company's SteraMist iHP cold plasma technology has demonstrated efficacy against a wide spectrum of microorganisms, including avian influenza. Studies by the USDA, Arkema, and various universities validate its effectiveness in the food industry.

CEO Dr. Halden Shane emphasized TOMI's readiness to deploy SteraMist to protect public health and mitigate the spread of H5N1. The company is collaborating with healthcare providers, government agencies, and other organizations to implement comprehensive infection control strategies.

TOMI, innovating for a safer world, offers its Binary Ionization Technology® (BIT™) platform, developed with DARPA, utilizing ionized Hydrogen Peroxide (iHP™) for superior disinfection in various settings.

TOMI Environmental Solutions (NASDAQ: TOMZ) has expanded its partnership with Betatek, Inc. in Canada, elevating the latter from an independent manufacturing representative to an official SteraMist distributor. This strategic expansion follows Betatek's successful track record since 2017, including onboarding notable clients like the University of Toronto Mississauga and CCRM. The partnership enhancement was marked by Betatek's purchase of the new SteraMist Integrated System (SIS) Standalone.

The strengthened collaboration aims to better serve the growing Canadian life science market, particularly focusing on animal laboratory facilities. Betatek's local market expertise combined with TOMI's decontamination technologies will help address increasing demand in these sectors.

TOMI Environmental Solutions (NASDAQ: TOMZ) announced that Bonneville Joint School District No. 93 in Idaho has integrated SteraMist technology into its cleaning protocols by purchasing multiple SteraPaks. The implementation aims to enhance disinfection measures and protect students and staff against harmful bacteria and viruses, particularly during cold and flu season. This adoption represents TOMI's expansion into the education sector, which is part of the $5.6B disinfection market growing at over 7% CAGR. SteraMist uses Binary Ionization Technology (BIT) platform with ionized Hydrogen Peroxide (iHP) to create superior disinfection solutions.

TOMI Environmental Solutions (NASDAQ: TOMZ) reported strong Q3 2024 results, marking its second consecutive profitable quarter. Revenue increased 73% year-over-year to $2.5 million, with year-to-date revenue reaching $6.7 million, up 14.5% from 2023. The company achieved operating income of $149,000 and net income of $59,000, driven by increased revenue, improved margins, and strategic cost reductions. International revenue grew 82%, with new customers in Canada, South Africa, and India. Operating expenses decreased 10% compared to the same period last year. The company's food safety sector presence expanded with a 208% increase in end users since 2020.