TOMI Environmental Solutions Third Quarter 2024 Earnings: EPS: US$0.003 (vs US$0.045 loss in 3Q 2023)

TOMI Environmental Solutions (NASDAQ:TOMZ) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.54m (up 73% from 3Q 2023).
• Net income: US$59.0k (up from US$900.8k loss in 3Q 2023).
• Profit margin: 2.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.003 (up from US$0.045 loss in 3Q 2023).

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 35% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for TOMI Environmental Solutions (2 shouldn't be ignored!) that you should be aware of before investing here.

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