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Tomi Environmental Solutions, Inc. (TOMZ)
:TOMZ
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -10.53%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call indicates a strong positive performance for TOMI in Q3 2024, with significant revenue growth, strategic partnerships, and international expansion contributing to their second consecutive profitable quarter. Despite minor challenges such as reduced trade show presence, the overall outlook remains very promising.Company Guidance
In the TOMI Environmental Solutions' Q3 2024 earnings call, the company reported a significant 73% increase in revenue, reaching approximately $2.5 million, driven primarily by a 90% rise in demand for mobile equipment and a record $650,000 in IHP service revenue. International sales showed a robust growth of 82% compared to 2023. The company achieved a consolidated gross profit margin of 61.4% and an operating profit of $149,000, marking an increase of $1,050 million or 117% from the previous year. Cash and cash equivalents were approximately $809,000, with a working capital of $6.9 million. TOMI's strategic partnerships and new customer acquisitions are expected to sustain growth, while ongoing projects and international expansion continue to enhance the company's market presence. The company's disciplined management of expenditures has also contributed to positive cash flow, highlighting its commitment to sustainable growth and profitability.Record Revenue Growth
TOMI's revenue for Q3 2024 was approximately $2.5 million, representing a 73% increase compared to the third quarter of the prior year.
Strong Performance in Mobile Equipment and IHP Service
Mobile equipment sales increased by 90% in 2024 compared to 2023. IHP service revenue reached approximately $650,000, surpassing historical averages and making a record for the division's quarterly performance.
International Sales Surge
International sales grew 82% in the first 9 months of 2024 compared to 2023, highlighting strong global demand.
Partnerships and New Customers
TOMI secured new strategic agreements and partnerships, including onboarding new clients like Integra LifeSciences and Curia. Existing partnerships with companies like EMAQ and support to Pfizer and Thermo Fisher Scientific were also emphasized.
Positive Financial Metrics
TOMI achieved positive cash flow and a net profit of $59,000 in Q3 2024, marking the second consecutive profitable quarter for 2024.
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TOMZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TOMZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $0.95 | $0.89 | -6.32% |
| Aug 01, 2024 | $0.73 | $0.67 | -8.22% |
| May 15, 2024 | $0.75 | $0.70 | -6.67% |
| Apr 01, 2024 | $0.64 | $0.64 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tomi Environmental Solutions, Inc. (TOMZ) report earnings?
Tomi Environmental Solutions, Inc. (TOMZ) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Tomi Environmental Solutions, Inc. (TOMZ) earnings time?
Tomi Environmental Solutions, Inc. (TOMZ) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TOMZ EPS forecast?
TOMZ EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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