TOMI Environmental Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:32 pm EST
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TOMI Environmental Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.47 million compared to USD 1.76 million a year ago. Net loss was USD 0.90078 million compared to USD 0.65315 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.03 a year ago.
For the nine months, sales was USD 5.83 million compared to USD 5.53 million a year ago. Net loss was USD 2.18 million compared to USD 2.18 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.11 a year ago.
TOMI Environmental Solutions, Inc. is a bacteria decontamination and infectious disease control company. The Company is engaged in offering environmentally friendly solutions for indoor air and surface disinfection and decontamination. Its flagship product, SteraMist, uses its patented and registered Binary Ionization Technology (BIT) to deliver a low-percentage (7.8%) hydrogen peroxide-based fog or mist to affect all indoor environments and surface areas. SteraMist generates ionized Hydrogen Peroxide (iHP) using cold plasma science. Its products and services include SteraPak, SteraMist Surface Unit, SteraMist Environment System, SteraMist Total Disinfection Cart, SteraMist Transport, NV+, SteraMist Custom Engineered System, SteraMist Hybrid, SteraMist Integrated System, Stainless Steel 90 Degree Applicator and iHP Corporate Service Decontamination. The Companyâs business is organized into five divisions: Healthcare, Life Sciences, TOMI Service Network, Food Safety and Commercial.