TOMI Environmental Solutions Announces Preliminary Financial Results for Third Quarter 2024 With Continued Profitability and Global Market Expansion
TOMI Environmental Solutions (NASDAQ: TOMZ) announced preliminary Q3 2024 financial results showing strong growth and continued profitability. The company expects a 73% revenue increase for Q3 2024 compared to Q3 2023, and a 14.5% increase for the first nine months of 2024. BIT Solution sales are projected to rise 13% YTD, while SteraMist mobile equipment sales are expected to grow 90% YTD. International sales show significant growth with a 230% increase in Q3 2024 over Q3 2023, contributing to an 82% increase YTD. The company expanded into India and strengthened its presence in South Africa through key customer partnerships, while also advancing into consumer healthcare through collaborations with Edgewell Personal Care and Reckitt Benckiser Group.
TOMI Environmental Solutions (NASDAQ: TOMZ) ha annunciato i risultati finanziari preliminari per il terzo trimestre del 2024, evidenziando una forte crescita e una continua redditività. L'azienda prevede un aumento del 73% delle entrate per il Q3 2024 rispetto al Q3 2023, e un incremento del 14,5% per i primi nove mesi del 2024. Le vendite di BIT Solution sono stimate in aumento del 13% dall'inizio dell'anno, mentre le vendite di attrezzature mobili SteraMist dovrebbero crescere del 90% nel medesimo periodo. Le vendite internazionali mostrano una crescita significativa con un aumento del 230% nel terzo trimestre del 2024 rispetto al terzo trimestre del 2023, contribuendo a un incremento dell'82% dall'inizio dell'anno. L'azienda si è espansa in India e ha rafforzato la propria presenza in Sudafrica tramite partnership con clienti chiave, avanzando anche nel settore della salute dei consumatori attraverso collaborazioni con Edgewell Personal Care e Reckitt Benckiser Group.
TOMI Environmental Solutions (NASDAQ: TOMZ) anunció resultados financieros preliminares para el tercer trimestre de 2024, mostrando un fuerte crecimiento y rentabilidad continua. La empresa espera un aumento del 73% en los ingresos para el Q3 2024 en comparación con el Q3 2023, y un incremento del 14,5% para los primeros nueve meses de 2024. Se proyecta que las ventas de BIT Solution aumenten un 13% en lo que va del año, mientras que se espera que las ventas de equipos móviles SteraMist crezcan un 90% en el mismo período. Las ventas internacionales muestran un crecimiento significativo con un aumento del 230% en el Q3 2024 en comparación con el Q3 2023, contribuyendo a un aumento del 82% en lo que va del año. La empresa se expandió a India y fortaleció su presencia en Sudáfrica a través de asociaciones clave con clientes, mientras que también avanzó en el cuidado de la salud del consumidor a través de colaboraciones con Edgewell Personal Care y Reckitt Benckiser Group.
TOMI Environmental Solutions (NASDAQ: TOMZ)는 2024년 3분기 예상 재무 결과를 발표하며 강력한 성장과 지속적인 수익성을 보여주었습니다. 회사는 2023년 3분기와 비교해 2024년 3분기 매출이 73% 증가할 것으로 예상하며, 2024년 첫 9개월 동안 14.5% 증가할 것으로 전망하고 있습니다. BIT 솔루션 매출은 올해 들어 13% 증가할 것으로 보이며, SteraMist 모바일 장비 매출은 90% 증가할 것으로 예상됩니다. 국제 매출은 2023년 3분기 대비 2024년 3분기에 230% 증가하며, 올해 들어 82%의 증가에 기여하고 있습니다. 회사는 인도로 확장하고, 주요 고객 파트너십을 통해 남아프리카에서의 입지를 강화했으며, Edgewell Personal Care 및 Reckitt Benckiser Group과의 협업을 통해 소비자 건강 관리로도 나아가고 있습니다.
TOMI Environmental Solutions (NASDAQ: TOMZ) a annoncé des résultats financiers préliminaires pour le troisième trimestre de 2024 montrant une forte croissance et une rentabilité continue. L'entreprise s'attend à une augmentation de 73% de son chiffre d'affaires pour le T3 2024 par rapport au T3 2023, et un accroissement de 14,5% pour les neuf premiers mois de 2024. Les ventes de BIT Solutions devraient augmenter de 13% depuis le début de l'année, tandis que les ventes d'équipements mobiles SteraMist devraient croître de 90% sur la même période. Les ventes internationales montrent une croissance significative avec une augmentation de 230% au T3 2024 par rapport au T3 2023, contribuant à une augmentation de 82% depuis le début de l'année. L'entreprise s'est étendue en Inde et a renforcé sa présence en Afrique du Sud grâce à des partenariats clés avec des clients, tout en avançant également dans le secteur de la santé des consommateurs grâce à des collaborations avec Edgewell Personal Care et Reckitt Benckiser Group.
TOMI Environmental Solutions (NASDAQ: TOMZ) gab die vorläufigen Finanzergebnisse für das dritte Quartal 2024 bekannt, die ein starkes Wachstum und eine fortdauernde Rentabilität zeigen. Das Unternehmen erwartet einen Umsatzanstieg von 73% im Vergleich zum dritten Quartal 2023 und einen Zuwachs von 14,5% für die ersten neun Monate des Jahres 2024. Die Verkaufszahlen von BIT Solution werden für das laufende Jahr voraussichtlich um 13% steigen, während der Umsatz mit mobilen SteraMist-Geräten um voraussichtlich 90% zunehmen wird. Der internationale Verkauf zeigt ein signifikantes Wachstum mit einem Zuwachs von 230% im dritten Quartal 2024 im Vergleich zum dritten Quartal 2023, was zu einem Anstieg um 82% in diesem Jahr beiträgt. Das Unternehmen hat sich nach Indien erweitert und seine Präsenz in Südafrika durch wichtige Kundenpartnerschaften gestärkt, während es auch im Bereich der Verbrauchergesundheit durch Kooperationen mit Edgewell Personal Care und Reckitt Benckiser Group voranschreitet.
- 73% revenue increase in Q3 2024 vs Q3 2023
- 230% growth in international sales Q3 2024 vs Q3 2023
- 90% increase in SteraMist mobile equipment sales YTD
- Second consecutive quarter of profitability
- Market expansion into India and South Africa
- New partnerships with major consumer healthcare companies
- None.
Insights
The preliminary Q3 2024 results show remarkable growth with
The strategic partnerships with Edgewell Personal Care and Reckitt Benckiser Group PLC mark significant entry into the consumer healthcare market, diversifying revenue streams. The expansion into India and increased adoption by a global healthcare company across multiple international facilities indicate strong market penetration potential. The company's focus on expense management while driving aggressive international growth suggests a sustainable path to profitability.
The company's expansion into India represents a strategic move into one of the world's fastest-growing disinfection markets. The adoption by a multinational healthcare company across facilities in Chile, Portugal, Brazil and South Africa demonstrates strong product validation and potential for further enterprise-level deployments. The partnerships with consumer goods giants Edgewell and Reckitt position TOMI to capture market share in the lucrative consumer healthcare segment.
The technology's versatility across various industries, backed by its DARPA-associated development and patented iHP technology, provides a competitive advantage in the global disinfection market. The combination of geographic expansion, industry diversification and proven technology creates multiple growth vectors for sustainable market penetration.
FREDERICK, Md., Oct. 28, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI” or the “Company”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination, today announced preliminary financial results for Q3 2024, marking strong growth and two consecutive quarters of profitability.
TOMI is expecting a
As previously announced, the Company expects to report its full third quarter 2024 financial results after the close of the financial markets on Wednesday, October 30, 2024, and will hold a conference call at 4:30 p.m. ET that day. The financial results in this press release are preliminary and subject to the completion of accounting and review procedures and are therefore subject to adjustment.
A key sales highlight during the quarter was the Company’s expansion into India, a focus in TOMI’s global expansion strategy. “India is an important new market for us, and securing a foothold in such a competitive market highlights the strength of SteraMist iHP technology,” said E.J. Shane, COO of TOMI. “Furthermore, one of our key customers expanded their use of SteraMist iHP to a facility in South Africa, their fourth location in addition to facilities in Chile, Portugal, and Brazil. This customer is a global healthcare company that specializes in medicines for infusion, transfusion, and clinical nutrition, and we believe our continuing partnership will present additional opportunities for TOMI’s business development teams, who are actively pursuing additional facility deployments with this customer worldwide.”
TOMI is also advancing into the consumer healthcare market through partnerships with industry leaders such as Edgewell Personal Care and Reckitt Benckiser Group PLC. “Working with these partners demonstrates the versatility of SteraMist across industries. We are unlocking new markets while continuing to serve our core segments,” added Dr. Halden S. Shane, CEO of TOMI. “We are expecting to report a
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 info@tomimist.com
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, preliminary financial results for Q3 and our ability to expand international sales and market opportunities. 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
tomi@imsinvestorrelations.com
FAQ
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