Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 52

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 52
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 activities $262,000.

Results of Operations for the Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

   For The Year Ended December 31,  Change    2024  2023  $ Revenue, Net $7,739,000  $7,355,000  $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