TOMI Environmental Solutions Inc (OTCMKTS: TOMZ) is running up the charts on fast accelerating volume in recent trading sessions after the Company announced it will hold its first quarter 2020 financial results conference call on Monday, May 18th at 1:30 p.m PT, 4:30 p.m. ET.
SPOM has been getting a ton of attention recently as the Company furthers its premier Binary Ionization Technology (BIT) platform through its SteraMist products – a hydrogen peroxide-based mist and fog composed of ionized Hydrogen Peroxide (iHP). The stock popped to as high as $1.51 in March.
TOMI™ Environmental Solutions, Inc. (OTCQB:TOMZ) is a global decontamination and infection prevention company, providing environmental solutions for indoor surface disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage Hydrogen Peroxide as its only active ingredient to produce a fog of ionized Hydrogen Peroxide (iHP™). Represented by the SteraMist® brand of products, iHP™ produces a germ-killing aerosol that works like a visual non-caustic gas.
TOMI products are designed to service a broad spectrum of commercial structures, including, but not limited to, hospitals and medical facilities, cruise ships, office buildings, hotel and motel rooms, schools, restaurants, meat and produce processing facilities, military barracks, police and fire departments, and athletic facilities. TOMI products and services have also been used in single-family homes and multi-unit residences.
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TOMZ has established itself as the most active OTC stock in recent weeks easily topping $10 million in dollar volume on Monday alone. The beverly hills, California decontamination and infection prevention company has seen its valuation skyrocket to well over $100 million as its stock price run from pennies to recent highs over $1.40 per share. TOMZ took off in early February after the Company announced two separate registrations – SteraMist equipment registration and BIT solution registration were officially approved and registered with the China CDC.
TOMI invented its premier Binary Ionization Technology® (BIT™) platform under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage Hydrogen Peroxide as its only active ingredient to produce a fog of ionized Hydrogen Peroxide (iHP™). Represented by the SteraMist® brand of products, iHP™ produces a germ-killing aerosol that works like a visual non-caustic gas.
Last month TOMZ reported Since the beginning of the SARS-CoV-2 outbreak, SteraMist solution orders have increased significantly in 2020. With the increase in demand for our decontamination technologies, our BIT solution sales have surged significantly throughout several divisions including Hospital-Healthcare, Life Sciences and the TOMI Service Network (TSN). TOMI’s revenue model is heavily driven by recurring BIT solution usage by clients and service providers, providing a consistent and predictable revenue stream over time.
This growth is partly a result of the recent registration of SteraMist on the EPA’s List N for SARS CoV-2 efficacy and the use of SteraMist on N95 masks and other PPE to assist in the decontamination and reuse of protective equipment in short supply. Year to date, BIT solution sales have increased by approximately 1000% compared to the prior year. This year, one of our international partners has already purchased over a thousand (1,000) gallons of solution to be used to decontaminate hospitals, healthcare facilities, emergency vehicles, airplanes, food stores and government facilities. Domestically, a United States government agency purchased over four hundred (400) gallons to assist in stopping the spread of coronavirus. Additionally, a California-based TSN provider purchased over five hundred (500) gallons to provide SteraMist decontamination to city offices, police vehicles, ships and other venues to combat the virus. TOMI clients are increasing purchases of BIT solution to complete jobs for various sites and verticals.
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Currently trading at a $114 million market valuation TOMZ has $1.1 million in the treasury and $8.5 million in assets countered by $6.1 million in current liabilities. TOMZ is already doing significant revenues reporting $4,491,719 in sales for the 9 months ended September 30, 2019. TOMI has skyrocketed in recent weeks as the Company reports from the front lines of the coronavirus fight. We will be updating on TOMZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TOMZ.
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Disclosure: we hold no position in TOMZ either long or short and we have not been compensated for this article.