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Tomi Environmental Solutions (TOMI) is a publicly traded company that specializes in decontamination and infection prevention services. The company's stock is listed on the OTC Markets Group's OTCQB market under the symbol "TOMI."
In terms of financials, here are some key points to consider:
* For the most recent quarter (Q3 2021), TOMI reported revenue of $5.3 million, representing a 13% increase compared to the same period in the prior year.
* The company's gross profit for Q3 2021 was $3.1 million, up from $2.2 million in Q3 2020.
* TOMI's net loss for Q3 2021 was $1.9 million, or $0.02 per share, compared to a net loss of $1.5 million, or $0.02 per share, in Q3 2020.
* As of September 30, 2021, TOMI had cash and cash equivalents of $7.2 million, up from $6.1 million at the end of 2020.
In terms of growth, TOMI has been expanding its business in recent years, particularly in the area of infection prevention. The company's core product is the SteraMistâ„¢ platform, which uses a proprietary formula of hydrogen peroxide to kill bacteria, viruses, and other pathogens.
TOMI has been successful in securing contracts with hospitals, schools, and other organizations that are focused on preventing the spread of infections. For example, in 2021, TOMI announced a contract with a major healthcare system to provide SteraMistâ„¢ disinfection services in over 175 facilities across the United States.
That being said, it is worth noting that TOMI is still a small company with a market capitalization of around $70 million, and as such, it can be subject to significant stock price volatility. As with any investment, potential investors should carefully consider the risks and potential rewards before making a decision.