TOMI Environmental Solutions reports significant year-over-year revenue growth in its BIT Solution and iHP Corporate Service for January 2025.
Quiver AI Summary
TOMI Environmental Solutions, Inc. reported significant growth in its BIT Solution and iHP Corporate Service revenue for January 2025, with BIT Solution sales increasing by 159% and iHP Corporate Service revenues growing by 89% compared to the same month last year. Dr. Halden Shane, the company's CEO, expressed optimism about the positive trends, attributing them to heightened customer engagement and commitment to larger-scale projects. TOMI's advanced disinfection technology, particularly its Binary Ionization Technology (BIT), underlies its products aimed at various sectors, including healthcare and food safety. While the report outlines preliminary results that may change upon finalization, the company expects continued strong revenue performance throughout 2025 as it implements its business strategies.
Potential Positives
- Year-over-year growth in BIT Solution sales has increased by 159% in January 2025 compared to January 2024.
- iHP Corporate Service revenue has seen an 89% increase in completed services in January 2025 compared to the same period last year.
- Positive customer engagement trends indicate a growing recognition of TOMI's advanced disinfection technology, with key decision-makers committing to larger-scale projects.
- Anticipation of strong revenue performance for the remainder of 2025 as TOMI continues to execute its business strategies effectively.
Potential Negatives
- The revenue trends reported are preliminary and subject to adjustment, which may raise concerns about the reliability of the company's financial performance.
- The company relies heavily on its BIT Solution and iHP Corporate Service for revenue, indicating vulnerability if these segments underperform in the future.
- The forward-looking statements highlight inherent risks and uncertainties that could substantially affect actual results, suggesting potential instability in future revenue performance.
FAQ
What is TOMI Environmental Solutions, Inc. known for?
TOMI specializes in disinfection and decontamination solutions using its innovative Binary Ionization Technology (BIT™) platform.
How much have TOMI's BIT Solution sales increased?
BIT Solution sales have increased by 159% in January 2025 compared to January 2024.
What growth did iHP Corporate Service experience?
iHP Corporate Service revenue saw an 89% increase in completed services in January 2025 compared to the previous year.
Who is the CEO of TOMI Environmental Solutions?
Dr. Halden Shane is the Chairman of the Board and Chief Executive Officer of TOMI Environmental Solutions.
Where can I find more information about TOMI's products?
Additional information about TOMI's products can be found at their website: http://www.steramist.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TOMZ Hedge Fund Activity
We have seen 5 institutional investors add shares of $TOMZ stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SCARBOROUGH ADVISORS, LLC added 79,413 shares (+inf%) to their portfolio in Q3 2024, for an estimated $62,942
- DYNAMIC ADVISOR SOLUTIONS LLC removed 50,000 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $52,500
- CITADEL ADVISORS LLC removed 17,374 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $13,770
- COMMONWEALTH EQUITY SERVICES, LLC added 11,050 shares (+inf%) to their portfolio in Q3 2024, for an estimated $8,758
- RENAISSANCE TECHNOLOGIES LLC removed 10,100 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $8,005
- UBS GROUP AG removed 6,522 shares (-29.4%) from their portfolio in Q3 2024, for an estimated $5,169
- GEODE CAPITAL MANAGEMENT, LLC added 6,012 shares (+5.4%) to their portfolio in Q3 2024, for an estimated $4,765
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FREDERICK, Md., Jan. 30, 2025 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced positive momentum in early revenue trends for the Company with year-over-year growth in its BIT Solution sales and iHP Corporate Service.
Sales in January 2025 for BIT Solution have increased 159% when compared to the same period last year. iHP Corporate Service revenue maintains its steady growth, with an 89% increase in completed services this month as compared to January 2024.
Dr. Halden Shane, Chairman of the Board and Chief Executive Officer of TOMI stated, “We are encouraged by the strong performance of our BIT Solution and iHP Corporate Service segments, which reflects increased customer engagement and a growing recognition of our advanced disinfection technology.
“Our team has observed an encouraging shift in customer engagement, with key decision-makers formalizing project timelines with high levels of commitment for our larger-scale initiatives. We expect to maintain a strong revenue performance for the remainder of 2025 as we continue to execute our business strategies and deliver our products and services for our customers.”
The revenue information above represents preliminary financial results that have not been finalized, and may be subject to adjustment based on TOMI’s completion of quarter-end financial closing processes for the three months ending March 31, 2025.
TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®
TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ ) is a global decontamination and infection prevention company, providing environmental solutions for disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage hydrogen peroxide as its only active ingredient and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments.
For additional information, please visit http://www.steramist.com or contact us at [email protected]
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to TOMI’s anticipated revenue performance for 2025. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.
INVESTOR RELATIONS CONTACT:
John Nesbett/Rosalyn Christian
IMS Investor Relations
[email protected]