TOMI Stock Gains After Q3 Results, Clocks 50% Sequential Revenue Growth

November 12, 2021 3:06 PM | 1 min read |

TOMI Environmental Solutions Inc TOMZ reported a third-quarter net sales decline of 48.6% year-over-year to $2.2 million and grew 50% sequentially.
EPS loss was $(0.03) versus $0.05 in 3Q20.
The gross margin contracted by 640 bps to 59.6% due to the product mix in sales.
The operating loss was $(0.5) million, compared to an operating income of $1.1 million a year ago.
Adjusted EBITDA loss was $(0.416) million versus $1.28 million in 3Q20.
TOMI Environmental had cash and equivalents of ~$5.7 million.
"As we move toward the end of 2021, we are confident that Q4 will demonstrate sequential growth, and we are encouraged by the outlook for 2022," commented TOMI CEO Halden Shane.
Price Action: TOMZ shares are trading higher by 6.36% at $1.34 on the last check Friday.