Welcome to our dedicated page for Tomi Environmental Solutions I news (Ticker: TOMZ), a resource for investors and traders seeking the latest updates and insights on Tomi Environmental Solutions I stock.
TOMI Environmental Solutions Inc. (NASDAQ: TOMZ) delivers cutting-edge decontamination systems through its patented SteraMist technology. This news hub provides investors and industry professionals with essential updates about the company’s infection prevention solutions, strategic partnerships, and regulatory milestones.
Access real-time announcements including product launches, financial results, and technology licensing agreements. Our curated collection features press releases about BIT platform advancements, facility deployments across healthcare and government sectors, and compliance achievements.
Key updates cover global expansion efforts, research collaborations with defense organizations, and industry certifications validating SteraMist’s efficacy. Bookmark this page to monitor how TOMI addresses evolving disinfection challenges while maintaining operational excellence in critical environments.
TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a contract with Malaysia's National Institute of Forensic Medicine (IPFN) for its newly launched SteraMist Integrated System - Standalone (SIS-SA). The system will be deployed in IPFN's Biosafety Level 3 autopsy room. The contract was secured through TOMI's long-term partner, Kumpulan Novalab Sdn Bhd, which is pursuing multiple government bids in the region. This development represents strategic progress in TOMI's global expansion efforts and demonstrates growing recognition of their iHP technology, particularly as government entities are adopting it without competitive bidding.
TOMI Environmental Solutions (NASDAQ: TOMZ) has scheduled its Third Quarter 2024 financial results conference call for October 30, 2024, after market close. The company will host a conference call at 4:30 p.m. ET, accessible via phone at (888) 506-0062 (US) or (973) 528-0011 (International) with access code 617413. A webcast replay will be available for 90 days, and a teleconference replay until November 6, 2024. TOMI specializes in decontamination solutions through its Binary Ionization Technology platform, which uses ionized Hydrogen Peroxide technology for disinfection across various sectors.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched the SteraMist Integrated System - Standalone (SIS-SA), a revolutionary solution for cleanroom and laboratory decontamination. The SIS-SA addresses critical challenges in the Biological Safety Cabinets (BSCs) industry, offering reliable and efficient decontamination for BSCs and other small enclosed spaces.
The system simplifies daily disinfection in highly controlled environments, replacing labor-intensive and inconsistent processes. Multiple successful deployments in Q3 2024 highlight its potential as a cornerstone solution for high-standard disinfection environments. The growing BSC market, driven by pharmaceutical research, biotechnology, and healthcare sectors, presents a significant opportunity for the SIS-SA.
TOMI's COO, E.J. Shane, emphasized the SIS-SA's ability to solve persistent challenges for customers, ensuring consistent decontamination and helping facilities maintain compliance and operational efficiency.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced record Q3 2024 revenue for its iHP Corporate Service division, expecting approximately $650,000 for the three months ended September 30, 2024. This significantly surpasses historical averages of about $250,000 per quarter or $1 million annually. The growth reflects increased demand for TOMI's iHP services, particularly in the life sciences sector.
Key developments include:
- Expansion of market share in life sciences
- Multi-year service contracts with major clients like MD Anderson Cancer Center, LFB USA, and Pfizer
- Anticipated continued growth in service demand across multiple industries
TOMI plans to announce full Q3 financial results, including total revenue, on October 30th, 2024.
TOMI Environmental Solutions (NASDAQ: TOMZ), a global leader in disinfection and decontamination through its Binary Ionization Technology (BIT) platform under the SteraMist brand, announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference. Elissa J. Shane, COO, and Joe Rzepka, CFO, will present on September 9, 2024, at 3:00 pm ET in the Roswell room, 4th Floor, at the Lotte New York Palace Hotel, NYC.
TOMI offers environmental solutions utilizing patented ionized Hydrogen Peroxide (iHP) technology, developed in collaboration with DARPA. Its versatile products serve various sectors, including hospitals, biosafety labs, and schools. The company will be available for one-on-one meetings throughout the conference. For more information, visit SteraMist or contact info@tomimist.com.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has expanded its partnership with a global leader in laboratory testing and diagnostics services. The company received a $715,000 order for SteraMist mobile equipment and a Custom Engineered System (CES) to support the expansion of the client's Wisconsin facility. The order includes two mobile Environment Systems and a seven-applicator iHP CES system for three decontamination rooms.
TOMI's COO, Elissa J. Shane, highlighted the effectiveness of their SteraMist iHP technology in meeting the stringent demands of the life sciences sector. The company anticipates securing contracts with various institutions and expects growth within its custom and integration lines, which will drive recurring BIT-solution revenue.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) reported 170% sequential growth in Q2 2024 revenue, reaching $3,013,000 with break-even EPS. The company achieved profitability with a net income of $30,000, compared to a net loss in Q2 2023. Key highlights include:
- Operating income of $122,000
- Gross margin improvement to 61.5%
- 8.6% year-over-year revenue growth
- Strong mobile equipment sales, accounting for over 60% of revenue
- 31% increase in BIT Solution sales compared to Q2 2023
- 130% growth in international revenue
TOMI's CEO, Dr. Halden Shane, attributed the growth to revitalized revenue and cost reduction initiatives. The company's focus on expanding business development and improving shareholder value has led to nearly matching the entire 2023 mobile equipment sales in just the first half of 2024.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ), a global disinfection and decontamination solutions company, has announced it will report its second quarter 2024 financial results on August 1, 2024, after market close. The company will hold a conference call at 4:30 p.m. ET the same day to discuss the results.
Investors can participate in the call by dialing (888) 506-0062 (US) or (973) 528-0011 (International). A live webcast will also be available on TOMI's Investor Relations website. A replay of the call will be accessible until August 15, 2024, using the replay access code: 50974.
TOMI specializes in environmental solutions for disinfection, utilizing its patented Binary Ionization Technology® (BIT™) platform, which uses a low percentage hydrogen peroxide as its active ingredient.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced preliminary unaudited revenue for Q2 2024. Revenue is expected to be approximately $3.0 million, a 10% increase year-over-year and a 170% increase sequentially. BIT Solution sales are projected to rise by about 31% year-over-year and 171% sequentially.
CEO Dr. Halden Shane attributes this growth to successful expansion of sales channels and customer base. The company's Custom Engineered Systems (CES) and SteraMist Hybrid solution are driving long-term growth. TOMI expects continued growth in the second half of 2024, aligning with analyst estimates. Full Q2 results are expected to be announced in early August 2024.
TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a $1.2 million contract with Enviro-Mist Inc., a division of EMAQ Group, for the purchase of 20 SteraMist Environment Systems. This revenue will be recognized in Q2 2024. Enviro-Mist has joined TOMI's iHP Corporate Service team as an exclusive partner for the pharmaceutical market in the Western United States.
The partnership includes a multi-year contract for a single location of a long-standing customer, estimated to generate approximately $60,000 in annual BIT Solution sales. This strategic alliance aims to enhance SteraMist iHP technology's market penetration in the pharmaceutical industry, positioning TOMI for large-scale service sales and increased industry presence.
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