TOMI Announces Preliminary Q2 Revenue Growth Of 90%; Sees Q2 Revenue $2.8M Vs $4.04M Est.
Portfolio Pulse from Happy Mohamed
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has announced preliminary unaudited revenue for Q2 2023, expecting approximately $2.8 million, a 90% increase compared to the same quarter in 2022. This also represents a 75% increase compared to the revenue for Q1 2023. The company attributes this growth to successful expansion and growth of sales channels and customer base.
July 24, 2023 | 12:50 pm
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POSITIVE IMPACT
TOMI Environmental Solutions expects a significant increase in Q2 2023 revenue, indicating strong growth in their product and service revenues. This could potentially boost investor confidence and positively impact the company's stock price in the short term.
The significant increase in TOMI's expected revenue for Q2 2023 indicates strong growth in their product and service revenues. This could be seen as a positive sign by investors, potentially leading to increased demand for the company's stock and a rise in its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100