TOMI Environmental Solutions Third Quarter 2023 Earnings: US$0.045 loss per share (vs US$0.033 loss in 3Q 2022)

TOMI Environmental Solutions (NASDAQ:TOMZ) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$1.47m (down 17% from 3Q 2022).
• Net loss: US$900.8k (loss widened by 38% from 3Q 2022).
• US$0.045 loss per share (further deteriorated from US$0.033 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TOMI Environmental Solutions Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 20% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with TOMI Environmental Solutions (at least 1 which is significant), and understanding them should be part of your investment process.

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