BEVERLY HILLS, Calif., Nov. 14, 2017 (GLOBE NEWSWIRE) — TOMI Environmental Solutions, Inc. (“TOMI™”) (OTCQX:TOMZ), a tellurian decontamination organisation that specializes in disinfection/decontamination sales and services, including SteraMist™, a hydrogen peroxide-based mist/fog purebred with a U.S. Environmental Protection Agency (“EPA”) for use as a hospital-healthcare disinfectant, announces a financial formula for a third entertain of 2017.
Dr. Halden Shane, TOMI’s Chief Executive Officer, stated: “Consistent with a expectations we continue to see softened trends going brazen into 2018. This is driven by a concentration on both patron compensation and patron retention. We continue to attract new clients with revamped marketing, new corporate infrastructure, new sales and new use innovation. During a third entertain a income was radically prosaic over same entertain of 2016. In addition, a efforts to streamline a business and some-more effectively conduct a costs structure resulted in an handling detriment alleviation of $539,000 from a third entertain of 2016. TOMI is still watchful for all a efforts put into a regulatory approvals in a Asian markets to strech materiality.”
Dr. Shane continued, “Our plan stays to take advantage of a certain business movement and clever sales tube rising in 2018. Our operational formula are not contemplative of the true momentum of our business. We design improving a financial formula going into subsequent year by focusing on surpassing patron expectations while attracting new clients to a record by regulating a marketing, sales and innovative capabilities.”
Financial Results for a Three Months Ended Sep 30, 2017 Compared to 2016
- Net income was $1,030,000, compared to $1,092,000.
- Gross margins were 62.0%, compared to 60.5%.
- Loss from operations was $396,000, compared to $935,000.
- Net detriment was 457,000, or $0.00 on a per share basement compared to a net detriment of $935,000 or $0.01 on a per share basis.
- At Sep 30, 2017, money and money equivalents were $5,270,000 and operative collateral was $4,721,000, compared to $948,000 and $5,716,000, respectively, during Dec 31, 2016.
Third Quarter: Recent Current Business Highlights
- Settlement of fit instituted opposite Astro Pak Corporation to strengthen egghead skill rights resulted in a assignment of a iHP heading and a auspicious money allotment on Jul 26, 2017.
- The tradition build-in complement that was designed and commissioned into a vivarium trickery was featured in a Aug 2017 announcement of ALNmag.
- Expansion of EPA tag to embody efficiency opposite Salmonella and Norovirus was cumulative on Jul 27, 2017.
- Continued enlargement of sales force in Life Science Division with serve of an inner sales manager, production member and extensive on-boarding and training offering for deeper invasion in this marketplace with tide and viable sales leads provided.
- Further support of TOMI Divisions was evidenced by assemblage and participation during attention heading conferences, AALAS, APIC Divisions, AHE, ISSA, ABRA, and ABSA that generated hundreds of leads for destiny sales.
- Recently perceived registration in Canada that allows back-log of sales leads and requests for use to be fulfilled, and emanate new opportunities for enlargement with intensity use providers.
- TOMI Service Network(TSN) has been supposing poignant boost in corporate support and selling / sales / promotion efforts to inspire recruitment of new providers and rise business leads.
- Significant spike in new months of requests for proposals for both build-in systems and use opportunities.
- Recently supposed into heading GPO’s retailer list (Premier) comprised of thousands of hospitals nationwide. Additional investigate to contention to some-more GPOs underway and stays a concentration now and into a future.
- Design obvious for Taiwan and China was accepted/approved/awarded for decontamination transport and organisation decontamination chamber, and a USPTO supposed applications for a organisation and stretchable decontamination chambers, both of that were used for TOMI’s USAid Ebola grant.
- Recently hired a consulting organisation to serve efforts to urge on GxP mandate in a curative and food reserve industries that will support another intensity income tide relocating forward.
- Entered into placement agreement with Protak Scientific Ltd., a United Kingdom-based organisation that manufacturers enzyme indicators for hydrogen peroxide for a discerning (less than 90 second) decontamination opening validation. Pursuant to a agreement, TOMI will discharge Protak’s enzyme indicators as good as use a product in a use engagements.
- Continued enlargement into Europe by execution of a sales and placement agreement with Westbury Decontamination Ltd., a United Kingdom-based use and placement company.
About TOMI Environmental Solutions, Inc.
TOMI Environmental Solutions, Inc. (OTCQX:TOMZ) is a tellurian decontamination and infection impediment company, providing environmental solutions for indoor aspect disinfection by manufacturing, sales and chartering of a premier Binary Ionization Technology® (BIT™) platform, that was invented underneath a invulnerability extend in organisation with a Defense Advanced Research Projects Agency (DARPA) of a U.S. Department of Defense. BIT™ uses a low commission Hydrogen Peroxide as a usually active part to furnish a hydroxyl radical (OH ion), represented by a TOMI™ SteraMist™ code of products, that produces a germ-killing aerosol that works like a visible non-caustic gas.
TOMI’s products are designed to use a extended spectrum of blurb structures including though not singular to hospitals and medical facilities, journey ships, bureau buildings, hotel and motel rooms, schools, restaurants, beef and furnish estimate comforts (when not in operation), troops barracks, military and glow departments, and jaunty facilities. TOMI’s products and services have also been used in single-family homes and multi-unit residences.
TOMI also develops training programs and focus protocols for a clients and is a member in good station of The American Biological Safety Association, The American Association of Tissue Banks, Association for Professionals in Infection Control and Epidemiology, Society for Healthcare Epidemiology of America and The Restoration Industry Association.
Safe Harbor Statement underneath a Private Securities Litigation Reform Act of 1995
Certain created and verbal statements done by us might consecrate “forward-looking statements” as tangible in a Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking statements are identified by such difference and phrases as “we expect,” “expected to,” “estimates,” “estimated,” “current outlook,” “we demeanour brazen to,” “would proportion to,” “projects,” “projections,” “projected to be,” “anticipates,” “anticipated,” “we believe,” “could be,” and other identical phrases. All statements addressing handling performance, events, or developments that we design or design will start in a future, including statements relating to income growth, earnings, earnings-per-share growth, or identical projections, are forward-looking statements within a definition of a Reform Act. They are forward-looking, and they should be evaluated in light of critical risk factors that could means a tangible formula to differ materially from a expected results. The information supposing in this request is formed on a contribution and resources famous during this time. We commence no requirement to refurbish these forward-looking statements after a date of this release.
MEDIA RELATIONS CONTACT