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1. Company Snapshot

1.a. Company Description

TOMI Environmental Solutions, Inc., a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally.Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space of approximately 103.8 m3; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.The company also offers SteraMist Select Surface Unit; Stainless Steel 90-Degree Applicator; iHP Plasma Decontamination Chamber; SteraMist Custom Engineered System; and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.


It also manufactures, sells, services, and licenses SteraMist Binary Ionization Technology, a hydrogen peroxide-based mist and fog.The company's products and services are used in hospitals and medical facilities, bio-safety labs, pharmaceutical facilities, meat and produce processing facilities, universities and research facilities, vivarium labs, and other service industries including cruise ships, office buildings, hotel and motel rooms, schools, restaurants, military barracks, police and fire departments, prisons, and athletic facilities; and single-family homes and multi-unit residences.TOMI Environmental Solutions, Inc.


was incorporated in 1979 and is headquartered in Frederick, Maryland.

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1.b. Last Insights on TOMZ

TOMI Environmental Solutions' recent performance was negatively impacted by a significant decrease in short interest, which dropped 59.4% in March, indicating reduced bearish sentiment. However, this follows a substantial 2,173.9% increase in short interest in February. The company's Q4 2025 earnings call and full-year financial results revealed growth initiatives, but no major surprises. Conversely, positive developments include strong interest in its solutions at INTERPHEX 2026, showcasing SteraMist iHP Automation to major industry players. Additionally, TOMI Environmental Solutions expanded its footprint in Canada and disrupted the food safety sector with a 95% reduction in sanitation testing costs.

1.c. Company Highlights

2. TOMI Environmental Solutions: 2025 Earnings Summary – Technology Validated, Growth Poised

Revenue slipped to $5.6 million in 2025 from $7.7 million the prior year, yet gross margin improved markedly to 55% from 46%. The company posted a net loss of $3.7 million, or $0.19 per share, a modest narrowing from $4.5 million ($0.22 EPS) in 2024, underscoring tighter cost discipline and higher-margin sales. <sup>1</sup>

Publication Date: Apr -19

📋 Highlights
  • Revenue Decline & Margin Improvement:: 2025 revenue fell to $5.6M from $7.7M in 2024, but gross margin improved to 55% (vs. 46% in 2024), reflecting operational efficiency.
  • SteraMist Integration Milestones:: Achieved 4 fully operational SteraMist Integration System (SIS) installations by 2025 end, with $500,000 signed contract and a major cell/gene therapy win.
  • Backlog & BIT Growth:: Support services backlog rose 16%, and BIT Solution revenue grew 24% in Q1 2026, signaling strong recurring revenue potential.
  • Liquidity Actions:: Secured $535,000 convertible note and $20M equity line of credit to address liquidity needs amid strategic expansion.
  • 2026 Revenue Outlook:: Anticipates $12M in 2026 revenue, with Q1 2026 revenue potentially exceeding $3M, driven by embedded revenue and OEM partnerships.

Revenue and Margins

Revenue contraction was largely attributable to the timing of large equipment purchases by key customers, rather than a decline in demand. Gross margin gains were driven by higher adoption of the SteraMist Integration System (SIS) and increased sales of support services, which command premium pricing.

Net Loss and EPS

The company’s operating efficiency improved, reflected in a 20% reduction in operating expenses relative to revenue. Despite the loss, the EPS margin narrowed, indicating a trajectory toward profitability as recurring revenue streams mature.

Key Wins and Partnerships

Notable milestones include the first commercial SIS installation at a leading CDMO in June, a $500,000 purchase contract with a global biopharmaceutical leader, and a landmark deal with a cell‑and‑gene therapy manufacturer. The company also secured a bid from a Rhode Island university for its CES technology and expanded into agriculture via Algafeed, positioning it to capture diverse markets.

Order Backlog and Pipeline

Support‑service backlog rose 16%, while BIT Solution revenue grew 24% in Q1 2026 versus Q1 2025. The entire SteraMist iHP opportunity book stands at $20 million, with the integration‑project pipeline at $16 million, suggesting robust future cash‑flow potential.

Liquidity and Capital Structure

To shore up liquidity, the firm raised a $535,000 convertible note and secured a $20 million equity line of credit. Net debt remains negative at –$1.19× EBITDA, reflecting a cash‑positive stance that supports further expansion.

Future Outlook and Growth Drivers

Management projects 2026 revenue near $12 million, buoyed by a $3 million sales forecast from five key customers and expanding global distribution. The company is also exploring new applications—such as treating wing syndrome in honeybees and powdery mildew in marijuana—to diversify its product portfolio.

Valuation Snapshot

Current valuation metrics illustrate the company’s distressed profile: a P/E of –3.13, P/B of 19.97, P/S of 2.13, and EV/EBITDA of –5.48. These ratios underscore the market’s emphasis on future growth potential rather than current earnings, as the firm transitions from episodic to embedded revenue models.

3. NewsRoom

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TOMI Environmental Solutions Signs Letter of Intent for a Merger with Carbonium Core, Inc., a U.S.-Based Producer of Nuclear-Grade Graphite for Advanced Reactors and Infrastructure Demands of AI Data Centers

Apr -30

Source: globenewswire.com

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TOMI Environmental Solutions Targets $70 Billion U.S. Drone and Defense Budget with Autonomous SteraMist iHP Decontamination

Apr -29

Source: globenewswire.com

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TOMI Environmental Solutions to Present at Wall Street Reporter's NEXT SUPER STOCK Livestream Today, April 28, 2026, at 1 p.m. ET

Apr -28

Source: globenewswire.com

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TOMI Environmental Positioned for Accelerated Growth as Robotaxi Market Rapidly Expands

Apr -27

Source: globenewswire.com

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TOMI Environmental Solutions, Inc. Sees Strong Interest In Its Solutions at INTERPHEX 2026

Apr -27

Source: globenewswire.com

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TOMI Environmental Solutions Scales Automation with SteraMist iHP Robot Upgrade; Targets Fast Growing Robotaxi Market

Apr -22

Source: globenewswire.com

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TOMI Environmental Solutions, Inc. Announces Surge in SteraMist Adoption Across Compounding Pharmacy Industry Amid Tightening Regulatory Standards

Apr -06

Source: globenewswire.com

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TOMI Environmental Solutions, Inc. (TOMZ) Q4 2025 Earnings Call Transcript

Apr -01

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.20%)

6. Segments

SteraMist Product

Expected Growth: 10.2%

Growing demand for eco-friendly and non-toxic decontamination solutions, increasing awareness of infectious disease outbreaks, and rising adoption in healthcare and industrial settings drive the growth of SteraMist technology.

Service and Training

Expected Growth: 10.2%

Growing demand for infection prevention and control measures, increasing adoption of decontamination and disinfection solutions, and rising awareness about the importance of proper equipment usage drive the growth of TOMI Environmental Solutions' services and training programs.

7. Detailed Products

INACTIVATION SERVICES

TOMI Environmental Solutions, Inc. provides inactivation services to eliminate pathogens, viruses, and other microorganisms from surfaces and equipment.

STERILIZATION SERVICES

TOMI offers sterilization services using its proprietary SteraMist technology to eliminate microorganisms from surfaces and equipment.

DECONTAMINATION SERVICES

TOMI provides decontamination services to remove hazardous materials and contaminants from surfaces and equipment.

STERAMIST BINARY IONIZATION TECHNOLOGY

TOMI's SteraMist technology uses a binary ionization process to eliminate microorganisms from surfaces and equipment.

INFECTION PREVENTION SOLUTIONS

TOMI offers infection prevention solutions to reduce the risk of healthcare-associated infections (HAIs) in healthcare facilities.

BIODECONTAMINATION SERVICES

TOMI provides biodecontamination services to remove biological contaminants from surfaces and equipment.

8. TOMI Environmental Solutions, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes is low for TOMI Environmental Solutions, Inc. because the company's unique technology and patented processes make it difficult for substitutes to emerge.

Bargaining Power Of Customers

The bargaining power of customers is medium for TOMI Environmental Solutions, Inc. because while customers have some bargaining power due to the availability of alternative solutions, the company's strong brand reputation and customer loyalty programs help to mitigate this power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low for TOMI Environmental Solutions, Inc. because the company has a diverse supplier base and is not heavily reliant on any one supplier.

Threat Of New Entrants

The threat of new entrants is high for TOMI Environmental Solutions, Inc. because the environmental solutions industry is attractive and has low barriers to entry, making it easy for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry is medium for TOMI Environmental Solutions, Inc. because while there are several competitors in the market, the company's unique technology and strong brand reputation help to differentiate it from competitors.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 22.41%
Debt Cost 3.95%
Equity Weight 77.59%
Equity Cost -9.46%
WACC -6.46%
Leverage 28.88%

11. Quality Control: TOMI Environmental Solutions, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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TOMI Environmental Solutions

A-Score: 3.8/10

Value: 6.8

Growth: 3.3

Quality: 3.7

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.69$

Current Price

0.69$

Potential

0.00%

Expected Cash-Flows