TOMI Environmental Solutions Reports GAAP EPS of -$0.06 and Revenue of $1.58M, Missing Expectations by $1.36M

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TOMI ($NASDAQ:TOMZ) Environmental Solutions is a company that specializes in providing integrated disinfection and indoor air quality solutions to businesses and homes. The company recently reported its financial results for the most recent quarter, which showed a GAAP EPS of -$0.06 and a revenue of $1.58M. The company’s management team is now focused on increasing efficiencies and reducing costs in order to improve profitability and long-term growth.

Despite the disappointing results, TOMI Environmental Solutions remains confident in its ability to drive future growth, as it continues to develop innovative solutions to meet customer needs. The company is also actively working to expand its customer base, while exploring opportunities to enter new markets and develop new revenue streams.

Earnings

TOMI Environmental Solutions reported GAAP earnings per share of -$0.06 and revenue of $1.58M for their FY2022 Q4 ending December 31 2022, missing expectations by $1.36M. According to the earnings report, the company earned $2.81M USD in total revenue, with a net loss of $0.71M USD. This represents a 39.8% increase in total revenue compared to the previous year, although total revenue has seen a decrease from $3.65M USD to $2.81M USD in the last 3 years.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TOMZ. More…

Key Ratios Snapshot

Some of the financial key ratios for TOMZ are shown below. More…

Price History

On Monday, TOMI ENVIRONMENTAL SOLUTIONS stock opened at $0.7 and closed at $0.7, down by 1.7% from previous closing price of 0.7. This drop in stock price can be attributed to the significant miss reported in the previous quarter. The company’s EPS and revenue has been on a steady decline since the start of the year, with the current quarter’s earnings being the lowest yet. Investors have been closely monitoring the company’s performance and the latest figures have raised questions about TOMI ENVIRONMENTAL SOLUTIONS’ ability to turn around their fortunes in the near future. Live Quote…

Analysis

At GoodWhale, we have conducted a financial analysis of TOMI ENVIRONMENTAL SOLUTIONS. After assessing the company’s financial and business aspects, we have concluded that TOMI ENVIRONMENTAL SOLUTIONS is a medium risk investment. While we have identified 3 risk warnings in the income sheet, balance sheet, and cash flow statement, we urge our users to become registered members to view the details of these warnings. More…

Peers

The competition in the environmental solutions industry is intense, with TOMI Environmental Solutions Inc competing with several other prominent industry players, including Jingjin Equipment Inc, Anhui Huaqi Environmental Protection & Technology Co Ltd, and Central Plains Environment Protection Co Ltd. All of these companies are striving to offer their customers the most advanced and innovative solutions to their environmental problems. This competition is driving innovation and pushing the boundaries of what is possible with environmental solutions.

– Jingjin Equipment Inc ($SHSE:603279)

Jingjin Equipment Inc is a leading global manufacturer of mining and construction equipment. With a market cap of 16.33B as of 2023, the company has established itself as a major player in the industry. Its Return on Equity of 17.26% demonstrates its commitment to long-term success and profitability. As a company that specializes in the design and manufacture of mining and construction equipment, its resources enable it to remain competitive in an ever-evolving global marketplace.

– Anhui Huaqi Environmental Protection & Technology Co Ltd ($SZSE:300929)

Anhui Huaqi Environmental Protection & Technology Co Ltd is a Chinese company that specializes in environmental protection and technology solutions. The company has a market cap of 1.54B as of 2023, representing its growth and success over the years. Additionally, the company has achieved a Return on Equity of 4.29%, which indicates that its investments and strategies are delivering good returns. Through its advanced technological solutions, Anhui Huaqi is helping to reduce pollution and protect the environment.

– Central Plains Environment Protection Co Ltd ($SZSE:000544)

Central Plains Environment Protection Co. Ltd is a leading environmental protection company based in China. It specializes in providing clean energy, environmental monitoring, air and water pollution control, and green building services. The company has a market capitalization of 7.32 billion as of 2023, indicating the investors’ strong confidence in the firm’s prospects. Furthermore, Central Plains Environment Protection Co. Ltd boasts a robust Return on Equity of 11.24%. This figure further serves to demonstrate the company’s commitment to generating superior returns on the capital invested.

Summary

Tomi Environmental Solutions recently reported its quarterly earnings, with a GAAP earnings per share (EPS) of -$0.06 and revenue of $1.58M, missing analyst expectations by $1.36M. This result is likely to impact investor sentiment, with many likely to be cautious going forward. Despite this, investors may be encouraged by Tomi’s increasing customer base and broadening range of services, which provides a variety of earning opportunities in the future. Further, it may be beneficial for investors to consider Tomi’s competitive advantages and financial strength when making decisions about their investments.

Additionally, investors would be wise to keep an eye on Tomi’s future performance as this can provide insight into the company’s ability to deliver long-term growth. Overall, while the recent earnings report is disappointing, investors should conduct their own research in order to make informed decisions.