Quarterly ResultMay 8, 2026, 04:13 PM
TOMI Environmental Solutions Q1 Net Loss Widens to $(810)K
AI Summary
TOMI Environmental Solutions reported a net loss of $(810,645) for Q1 2026, significantly wider than the $(255,593) loss in Q1 2025, despite a 4.9% increase in net sales to $1.65 million. The company's gross profit decreased by 12.6%, and its shareholders' equity dropped to $550, raising substantial doubt about its ability to continue as a going concern. Management is pursuing an Equity Line of Credit and exploring other financing options to address liquidity challenges.
Key Highlights
- Net loss widened to $(810,645) in Q1 2026 from $(255,593) in Q1 2025.
- Net sales increased 4.9% to $1,654,227 in Q1 2026.
- Gross profit decreased 12.6% to $831,776 in Q1 2026.
- Shareholders' equity dropped to $550 as of March 31, 2026, from $588,504.
- Net cash provided by operating activities improved to $295,551 in Q1 2026 from $(275,698) in Q1 2025.
- Product revenue grew 31.1% to $1,311,000, while service revenue fell 40.6% to $343,000.
- Company raised $149,413 by issuing 336,147 common shares under its Equity Line of Credit.
- Management identified substantial doubt about the company's ability to continue as a going concern.