Tomi Environmental Solutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 17, 2023 at 01:34 am IST
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TOMI Environmental Solutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 2.81 million compared to USD 2.01 million a year ago. Net loss was USD 0.705046 million compared to USD 1.66 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.1 a year ago.
For the full year, the company reported sales was USD 8.34 million compared to USD 7.75 million a year ago. Net loss was USD 2.88 million compared to USD 4.44 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.25 a year ago.
TOMI Environmental Solutions, Inc. is a bacteria decontamination and infectious disease control company. The Company is engaged in offering environmentally friendly solutions for indoor air and surface disinfection and decontamination. Its flagship product, SteraMist, uses its patented and registered Binary Ionization Technology (BIT) to deliver a low-percentage (7.8%) hydrogen peroxide-based fog or mist to affect all indoor environments and surface areas. SteraMist generates ionized Hydrogen Peroxide (iHP) using cold plasma science. Its products and services include SteraPak, SteraMist Surface Unit, SteraMist Environment System, SteraMist Total Disinfection Cart, SteraMist Transport, NV+, SteraMist Custom Engineered System, SteraMist Hybrid, SteraMist Integrated System, Stainless Steel 90 Degree Applicator and iHP Corporate Service Decontamination. The Companyâs business is organized into five divisions: Healthcare, Life Sciences, TOMI Service Network, Food Safety and Commercial.