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) announced its Q1 2024 financial results, reporting total net revenue of $1.1 million, a decrease from $1.58 million in Q1 2023. The company's gross margin improved to 60.2%, while operating loss increased to $1.23 million. Net loss for the quarter was $1.31 million or $0.07 per share. Significant developments include a $2 million order from the Department of Homeland Security for 16 SteraMist systems and a $600,000 contract with a California life sciences company. Additionally, the company submitted a proposal for a $3 million grant from the Department of Defense. The sales backlog at the end of Q1 2024 was $900,000, expected to be recognized in subsequent quarters.
TOMI Environmental Solutions, Inc. will discuss its first-quarter 2024 financial results on May 15, 2024, after market close. The company specializes in disinfection and decontamination solutions using its patented Binary Ionization Technology platform. TOMI will host a conference call to review the results at 4:30 p.m. ET.
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