TOMI Environmental Solutions, Inc. Reports Preliminary Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $2.49 million, up 24% year-over-year and 11% sequentially
- ➤Operating income reached $30,047, versus a $321,415 loss year-over-year
- ➤$2.5 million convertible-note conversion significantly reduced debt obligations
- ➤Post-quarter backlog increased to approximately $2.8 million
- ➤Preliminary results exclude potential convertible-note accounting effects and remain subject to change
Expert Statements
Halden Shane, CEO of TOMI Environmental Solutions
“The third quarter represented an important inflection point for TOMI. Revenue increased 24% year-over-year and 11% sequentially, and we returned to positive operating income for the first time since the third quarter of 2024. This progress reflects stronger commercial execution, improved equipment sales and disciplined management of our operating cost base.”
Halden Shane, CEO of TOMI Environmental Solutions
“We also materially improved our capital structure during the quarter. The conversion of $2.5 million of convertible notes significantly reduced our debt obligations and expected annual cash interest commitment. Combined with an expanding backlog and commercial pipeline, we believe these improvements provide a stronger foundation as we work toward sustained profitability.”
Halden Shane, CEO of TOMI Environmental Solutions
“Operationally, momentum continued across mobile equipment, SteraMist applicators, BIT Solution consumables and support services. We also advanced our food safety, life sciences, defense and international regulatory initiatives, including the expanded AgriMist registration and independent Listeria biofilm data. We remain focused on converting our backlog and pipeline, increasing recurring revenue and delivering sustainable growth.”
FREDERICK, Md., Nov. 12, 2026 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ), a global provider of disinfection and decontamination essentials through its premier Binary Ionization Technology® (BIT™) platform, today announced preliminary financial results for the three and nine months ended September 30, 2026, and provided an update on strategic initiatives.
Select financial and operational achievements for the quarter are as follows: * Q3 Revenue Increased 24% Year-Over-Year to $2.49 Million; Sequential Revenue Increased 11% Over Q2 2026. * Achieved Positive Operating Income: Generated approximately $30,000 of operating income, representing the Company’s first positive quarterly operating result since the third quarter of 2024. * Gross Profit Increased 19% to $1.47 Million; Gross Margin was 59.0%. * Operating Expenses Decreased 7% Year-Over-Year and 12% Sequentially, reflecting continued expense discipline. * Sales Backlog Reached Approximately $2.5 Million at Quarter-End and Approximately $2.8 Million Subsequently, supporting near-term revenue visibility. * The company expects shareholders’ equity at September 30, 2026 to be in the range of $3 Million to $4 Million The financial results in this press release are preliminary and unaudited. The Company and its independent registered public accounting firm have not yet completed their review of the accounting treatment for the Company’s convertible notes, including the conversion of $2.5 million of notes during the third quarter. Accordingly, this release does not include financial results that may be affected by that review, including any gain or loss associated with the conversion, net loss, net loss per share, and the related liability and stockholders’ equity balances. Based on information currently available, the Company does not expect the review to affect the revenue, gross profit, operating expense or income from operations figures presented in this release; however, all results remain subject to change until the Company files its Quarterly Report on Form 10-Q for the period ended September 30, 2026.
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