TOMI Environmental Solutions Reports 118% Revenue Growth to $2.25 Million in Latest Quarter

TOMI Environmental Solutions, Inc. reported significant financial improvements in its latest quarterly filing, with net revenue reaching approximately $2.25 million for the three months ended June 30, 2026, marking a 118% increase compared to $1.03 million in the same period last year. For the six months, revenue totaled $3.90 million, up 50% from $2.61 million in the prior year. The company attributed this growth primarily to increased sales of equipment and custom-engineered systems (CES), despite a decrease in service revenue due to the timing of project completions. Gross profit for the second quarter was approximately $1.39 million, resulting in a gross margin of 61.7%, slightly down from 65.7% in the previous year.

In terms of operational metrics, TOMI's total sales order backlog was reported at $2.2 million as of June 30, 2026, which has since expanded to $2.6 million, indicating strong visibility into future revenue. The company also noted a significant increase in accounts receivable, which rose to $1.89 million from $689,153 at the end of 2025, reflecting heightened sales activity. Additionally, TOMI's working capital improved to approximately $1.82 million, up from $1.02 million at the end of the previous fiscal year.

Strategically, TOMI has been active in expanding its product offerings and market presence. The company recently delivered its first set of iHP decontamination chambers for medical devices, marking a milestone in its technology platform. Furthermore, TOMI has strengthened its intellectual property portfolio, holding over 45 patents worldwide, and has made strides in regulatory approvals across multiple countries. The company is also pursuing a merger with Carbonium Core, Inc., which is expected to enhance its liquidity and operational capabilities.

Despite these advancements, TOMI continues to face challenges, including a net loss of approximately $1.19 million for the six months ended June 30, 2026, compared to a loss of $1.49 million in the same period last year. The company has acknowledged substantial doubt about its ability to continue as a going concern, primarily due to its accumulated deficit of $59.2 million and ongoing operating losses. Management is actively pursuing various strategies to address these concerns, including utilizing an equity line of credit and exploring additional financing opportunities. The outlook remains cautiously optimistic, with management reaffirming expectations of achieving at least $12 million in revenue for fiscal 2026, supported by a robust sales pipeline.