Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 43

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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Long-term liabilities – Convertible Notes, net  $2,623,000  $2,361,000 Long-term liabilities – Other  $479,000  $513,000 Working Capital $3,767,000  $3,772,000 

During the three months ended March 31, 2025, our debt and liquidity positions were affected by the following:

 ·Net cash used in operations of approximately $276,000. ·Net cash provided from financing activities $285,000

Results of Operations for the Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024:

   For The Three Months Ended March 31,    Change    2025  2024  $ Revenue, Net $1,577,000  $1,114,000  $463,000 Gross Profit  952,000   671,000   281,000 Total Operating Expenses   1,706,000   1,897,000   (191,000) (Loss) from Operations  (754,000)  (1,226,000)  472,000 Total Other Income (Expense)  499,000   (84,000)  583,000 Provision for (benefit from) Income Taxes  -   -   - Net (Loss) $(255,000) $(1,310,000)  1,055,000 Basic Net (Loss) per share $(0.01) $(0.07) $0.06 Diluted Net (Loss) per share $(0.01) $(0.07) $0.06 

Revenue

Total revenue for the three months ended March 31, 2025 and 2024, was $1,577,000 and $1,114,000, respectively, representing an increase of $463,000 or 42% compared to the same prior year period.  The increase in sales was due to higher demand for our solution, mobile equipment, CES and iHP service sales.   

As customers mature through the product and adoption cycle and our sales pipeline converts to revenue, we expect to generate more predictable sales quarter over quarter.

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Product and