TOMI Environmental Solutions Inc (NAS:TOMZ)
$ 0.8201 -0.0409 (-4.75%) Market Cap: 16.41 Mil Enterprise Value: 19.44 Mil PE Ratio: 0 PB Ratio: 2.22 GF Score: 47/100
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Q3 2024 TOMI Environmental Solutions Inc Earnings Call Transcript

Oct 30, 2024 / 08:30 PM GMT
Release Date Price: $0.9481 (+4.05%)

Key Points

Positve
  • TOMI Environmental Solutions Inc (TOMZ) achieved its second consecutive profitable quarter in 2024, reflecting higher revenue and improved gross margins.
  • The company reported a 73% increase in revenue compared to the third quarter of the previous year, driven by strong demand for mobile equipment and IHP service revenue.
  • International sales grew by 82% in the first nine months of 2024 compared to 2023, indicating strong global market penetration.
  • TOMZ secured new strategic agreements and partnerships, expanding its customer base with key clients such as Pfizer and Thermo Fisher Scientific.
  • The company achieved positive cash flow this quarter, supported by stronger accounts receivable turnover and disciplined management of expenditures.
Negative
  • The company faces challenges in maintaining and expanding its trade show presence, opting to reallocate resources towards more effective lead generation strategies.
  • There is uncertainty regarding the repeatability and growth of IHP recurring revenues, with some contracts dependent on client production schedules.
  • The food safety market, while promising, has not yet reached the revenue levels of other markets, despite significant growth since 2021.
  • TOMZ's inventory levels include a mix of equipment and solution products, with a focus on finished goods, which may impact cash flow and storage costs.
  • The company faces challenges in obtaining customer endorsements and publicizing partnerships due to client confidentiality preferences, potentially limiting marketing opportunities.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TOMZ.OQ - TOMI Environmental Solutions Inc
Q3 2024 TOMI Environmental Solutions Inc Earnings Call
Oct 30, 2024 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day. Ladies and gentlemen and welcome to the Toy Environmental Solutions Incorporated third quarter, 2024. Financial results call at this time, all participants are on a listen-only mode and a question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star zero on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to your host, Rosalind Christian from I MS Investor Relations mom. The floor is yours.

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Unidentified_2 [2]
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