TOMI Environmental Solutions Executives Will Reduce Their Compensation By 30% Of Their Current Cash Compensation For The Remainder Of 2024; Says "This Summer, The Company Anticipates Securing A Significant Contract"
Portfolio Pulse from Benzinga Newsdesk
TOMI Environmental Solutions (NASDAQ:TOMZ) announced a 30% reduction in executive compensation and external consulting fees, aiming to cut operational cash use by $500,000 by the end of 2024. The company anticipates securing a significant contract this summer and will continue investing in sales personnel and global distribution to expand its product reach.
June 06, 2024 | 4:57 pm
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TOMI Environmental Solutions is reducing executive compensation and external consulting fees by 30%, expecting to save $500,000 by the end of 2024. The company also anticipates securing a significant contract this summer and continues to invest in sales and distribution.
The reduction in executive compensation and external consulting fees will improve TOMI's cash flow and profitability. The anticipated significant contract and continued investment in sales and distribution are positive indicators for future growth.
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