Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 714

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 2
Chunk 714
---
,000  $384,000 Gross Profit  3,557,000   4,290,000   (733,000)Total Operating Expenses  7,662,000   7,639,000   23,000 (Loss) from Operations  (4,105,000)  (3,349,000)  (756,000)Total Other Income (Expense)  (372,000)  (53,000)  (319,000)Provision for (benefit from) Income Taxes  -   -   - Net (Loss) $(4,477,000) $(3,402,000)  (1,075,000)Basic Net (Loss) per share $(0.22) $(0.17) $(0.05)Diluted Net (Loss) per share $(0.22) $(0.17) $(0.05)

Sales

During the years ended December 31, 2024 and 2023, we had net revenue of approximately $7,739,000 and $7,355,000, respectively, representing an increase in revenue of approximately $384,000 or 5%.  The higher revenue was attributable to increased demand for our mobile units and higher iHP service revenue. 

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.

Product and Service Revenue

  For The Years Ended December 31,  Change    2024  2023  $ SteraMist Product $6,035,000  $5,781,000  $254,000 Service and Training  1,704,000   1,574,000   130,000 Total $7,739,000  $7,355,000  $384,000 

SteraMist product-based revenues for the years ended December 31, 2024 and 2023, were $6,035,000 and $5,781,000, representing an increase of $254,000 when compared to the same prior year period. The higher revenue was attributable to increased demand for our mobile and SIS units.

 34Table of Contents

Our service-based revenue for the years ended December 31,