TOMI Environmental Solutions Announces Preliminary Financial Results For Q3 2024; Expecting A 73% Increase In Revenue For The 3-Months Ended September 30, 2024 Compared To The Same Period In 2023, Along With A 14.5% Increase For The First Nine Months Of 2024
Portfolio Pulse from Benzinga Newsdesk
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) announced preliminary Q3 2024 financial results, expecting a 73% revenue increase compared to Q3 2023, and a 14.5% increase for the first nine months of 2024. The company anticipates positive net income for the quarter.
October 28, 2024 | 12:34 pm
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TOMI Environmental Solutions anticipates a 73% revenue increase in Q3 2024 compared to Q3 2023, with a 14.5% increase for the first nine months of 2024. The company expects positive net income, driven by strong sales in BIT Solution and SteraMist mobile equipment.
The significant revenue growth and expected profitability are positive indicators for TOMZ's stock price. The 73% increase in quarterly revenue and 14.5% YTD growth, along with strong sales in key product lines, suggest robust business performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100