Mon, Apr 14, 8:02 PM (15 days ago)
**Summary of TOMI Environmental Solutions, Inc. (TOMZ) Annual Report for the Fiscal Year Ended December 31, 2024** **Financial Performance:** - **Revenue:** $7,739,000, a 5% increase from the previous year. - **Net Income:** $(4,477,000), indicating a net loss. - **Gross Profit:** $3,557,000, down from $4,290,000 in 2023. - **Operating Expenses:** $7,662,000, slightly higher than the previous year. - **Earnings Per Share:** $(0.22) basic and diluted, reflecting the net loss. **Strategic Overview:** - **Product Line:** Focus on SteraMist®, a hydrogen peroxide-based disinfection technology. - **Market Segments:** Life Sciences, Hospital-Healthcare, Food Safety, and Commercial. - **Innovations:** Introduction of new products like SteraMist Pro Certified (SPC) program and various SteraMist applicators. **Future Outlook:** - **Growth Initiatives:** Expansion into new markets and partnerships. - **Product Development:** Continued innovation in disinfection technologies. - **Market Position:** Strengthening position in the disinfection and decontamination space. **Risk Factors:** - **Financial Condition:** Substantial doubt about the ability to continue as a going concern. - **Market Risks:** Dependence on a single product line and market acceptance. - **Operational Risks:** Supply chain disruptions and reliance on third-party manufacturers. **Market Position Changes:** - **Partnerships:** Strategic alliances with key industry players. - **Product Adoption:** Increased adoption in various sectors including healthcare and food safety. **Note:** The company faces significant financial challenges, including substantial net losses and doubts about its ability to continue operations. The strategic focus is on expanding market presence and product innovation, but these efforts are tempered by operational and financial risks.