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

Key Financial Results

• Revenue: US$3.01m (up 8.6% from 2Q 2023).

• Net income: US$30.2k (up from US$88.6k loss in 2Q 2023).

• Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.

• EPS: US$0.002 (up from US$0.004 loss in 2Q 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 28% 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 down 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - TOMI Environmental Solutions has 4 warning signs (and 3 which are a bit concerning) we think you should know about.

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