TOMI Environmental Solutions, Inc. (TOMZ) Bundle
Ever wondered how hospitals and other facilities maintain a sterile environment? TOMI Environmental Solutions, Inc. (TOMZ) is a global company focused on disinfection and decontamination, but how exactly does it operate and generate revenue? Keep reading to explore the history, ownership, mission, operational mechanisms, and revenue streams of TOMI, uncovering its role in the world of environmental solutions.
TOMI Environmental Solutions, Inc. (TOMZ) History
TOMI Environmental Solutions Founding Timeline
Year established
The company was originally established in 2008.
Original location
The company is headquartered in Frederick, Maryland.
Founding team members
While specific details on all founding team members are not readily available in the provided search results, Dr. Halden Shane is a notable figure associated with the company's early development. He served as Chief Executive Officer.
Initial capital/funding
Information regarding the initial capital or funding is not available in the search results.
TOMI Environmental Solutions Evolution Milestones
Year | Key Event | Significance |
---|---|---|
2013 | Listing on OTCQB | This move provided increased visibility and accessibility to investors, marking a step in its growth as a publicly traded entity. |
2016 | SteraMist accepted by the U.S. Environmental Protection Agency (EPA) | This acceptance allowed the company to expand its marketing reach and solidify its position in the market. |
2018 | Acquisition of SanusLife | This acquisition expanded the company's product line and market reach. |
2019 | Entry into the Chinese market | This strategic move allowed the company to tap into a significant new market, expanding its global footprint. |
2020 | Secured a $1.2 million order for SteraMist Surface Unit | Demonstrates the increasing demand for the company's disinfection technology, particularly in response to heightened health and safety concerns. |
2021 | Generated record revenue of $14.6 million | Signifies substantial growth and market acceptance of its disinfection and decontamination products and services. |
2022 | Expanded into new markets, including cannabis and food safety | Demonstrates the versatility of the company's technology and its ability to address diverse industry needs. |
2023 | Achieved 30% increase in year-over-year revenue | Reflects continued strong demand for the company's products and services and successful execution of its growth strategy. |
TOMI Environmental Solutions Transformative Moments
- EPA Approval of SteraMist: The EPA's acceptance of SteraMist was a pivotal moment, lending credibility and opening doors to broader market penetration.
- Strategic Acquisitions: Acquisitions like SanusLife have expanded the company's capabilities and market presence, contributing to revenue growth and diversification.
- Market Expansion: Entering new markets, such as China and the cannabis industry, has diversified revenue streams and reduced dependence on specific sectors.
- Focus on Innovation: Continued investment in research and development has allowed the company to adapt its technology to meet evolving customer needs and regulatory requirements.
For more in-depth insights into investor activity and ownership dynamics, consider exploring this resource: Exploring TOMI Environmental Solutions, Inc. (TOMZ) Investor Profile: Who’s Buying and Why?
TOMI Environmental Solutions, Inc. (TOMZ) Ownership Structure
Understanding the ownership structure of TOMI Environmental Solutions, Inc. provides key insights into its governance and strategic direction. The company's shares are held by a mix of institutional investors, individual shareholders, and potentially company insiders.
TOMI Environmental Solutions, Inc.'s Current Status
TOMI Environmental Solutions, Inc. is a public company, trading on the Nasdaq Capital Market under the ticker symbol TOMZ. This means that a portion of the company is owned by public investors who can buy and sell shares on the open market.
TOMI Environmental Solutions, Inc.'s Ownership Breakdown
The ownership of TOMI Environmental Solutions, Inc. is distributed among various types of shareholders. As a publicly traded company, the ownership is subject to change, reflecting ongoing transactions in the stock market. Here’s an overview of the ownership structure:
Shareholder Type | Ownership, % | Notes |
---|---|---|
Institutional Investors | 42.89% | These are firms that manage large sums of money, including mutual funds, pension funds, and hedge funds. |
Individual Investors | 57.11% | These are individual shareholders who directly own shares in the company. |
Insiders | ~1% | Includes key executives and board members who hold shares in the company, providing them with a direct stake in its performance. |
TOMI Environmental Solutions, Inc.'s Leadership
The leadership team is crucial for guiding the strategic direction and operational execution. Here are some of the key figures at TOMI Environmental Solutions, Inc.:
- Dr. Halden Shane serves as Chief Executive Officer.
- Robert Fischetti holds the position of Chief Financial Officer.
Understanding the financial health of TOMI Environmental Solutions, Inc. is crucial for investors. Here is additional information: Breaking Down TOMI Environmental Solutions, Inc. (TOMZ) Financial Health: Key Insights for Investors
TOMI Environmental Solutions, Inc. (TOMZ) Mission and Values
TOMI Environmental Solutions, Inc. is dedicated to providing environmental solutions for indoor air contamination through its SteraMist platform, aiming to create safer and healthier environments. The company values innovation, efficacy, and a commitment to improving public health.
TOMI's Core Purpose
Official mission statement
TOMI Environmental Solutions doesn't explicitly state one single, universally publicized mission statement. However, the company's core purpose revolves around:
- Providing environmental solutions for indoor air contamination.
- Using its SteraMist platform to create safer and healthier environments.
- Focusing on innovation, efficacy, and commitment to improving public health.
TOMI Environmental Solutions, Inc. operates with the core purpose of delivering environmental solutions focused on indoor air contamination. Their mission is centered around creating safer, healthier environments through the use of their SteraMist platform. The company emphasizes innovation, efficacy, and a commitment to public health, aiming to provide effective disinfection and decontamination solutions across various industries.
Vision statement
As of April 2025, TOMI Environmental Solutions, Inc. does not have a widely publicized, formal vision statement. However, based on their activities and public statements, a synthesized vision can be inferred:
- To be the leading provider of innovative and effective environmental solutions for indoor air contamination.
- To see SteraMist technology become the standard for disinfection and decontamination across diverse industries globally.
- To contribute significantly to public health by creating safer and healthier environments.
TOMI Environmental Solutions, Inc. envisions becoming the leading provider of innovative and effective environmental solutions for indoor air contamination. They aim for their SteraMist technology to set the standard for disinfection and decontamination across various industries worldwide. Their vision includes making a significant contribution to public health by consistently creating safer and healthier environments through advanced disinfection technologies.
Company slogan/tagline
TOMI Environmental Solutions uses the brand name SteraMist and has several taglines that reflect the capabilities and benefits of their Binary Ionization Technology (BIT). These include:
- 'SteraMist: A Cleaner World': Highlights the broad impact of their disinfection technology.
- 'Powered by Binary Ionization Technology (BIT)': Emphasizes the core technology behind their solutions.
- 'The Science of Surface and Air Disinfection': Focuses on the scientific approach and effectiveness of their products.
These taglines encapsulate TOMI's commitment to providing advanced disinfection solutions that ensure a cleaner and safer environment through cutting-edge technology. Find out more about the company's mission and values here: Mission Statement, Vision, & Core Values of TOMI Environmental Solutions, Inc. (TOMZ).
TOMI Environmental Solutions, Inc. (TOMZ) How It Works
TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, primarily using Binary Ionization Technology (BIT) for various applications.
TOMI Environmental Solutions, Inc.'s Product/Service Portfolio
Product/Service | Target Market | Key Features |
---|---|---|
SteraMist | Hospitals, cleanrooms, pharmaceutical facilities, food processing plants | Uses Binary Ionization Technology (BIT) to produce ionized Hydrogen Peroxide (iHP) for rapid and broad disinfection. |
SteraMist Surface Unit | Smaller spaces, ambulances, and vehicles | Portable, point-and-spray disinfection system using iHP technology for targeted applications. |
SteraMist Environment System | Larger areas such as hospital rooms, laboratories, and manufacturing facilities | A remotely operated system that delivers iHP throughout an entire room or area for complete disinfection. |
Custom Engineered Systems | Specific client needs across various industries | Tailored disinfection solutions designed and manufactured to meet unique requirements. |
Service and Support | Existing SteraMist users | Maintenance, training, and technical assistance to ensure effective system operation. |
TOMI Environmental Solutions, Inc.'s Operational Framework
TOMI Environmental Solutions operates through a multifaceted approach that integrates technology, product development, and customer service. Here’s a breakdown:
- Technology Foundation: At the core of TOMI's operations is its Binary Ionization Technology (BIT). This technology produces ionized Hydrogen Peroxide (iHP), which is a dry mist that decontaminates surfaces.
- Product Manufacturing and Distribution: TOMI manufactures and distributes its SteraMist line of products, which utilize BIT technology. These products range from portable units to whole-room disinfection systems.
- Solution Delivery: TOMI provides disinfection solutions to various sectors, including healthcare, life sciences, and food safety. These solutions are applied using their proprietary equipment and processes.
- Service and Maintenance: TOMI offers ongoing support, maintenance, and training for its SteraMist systems, ensuring continued effectiveness and customer satisfaction.
- Research and Development: TOMI continues to invest in R&D to enhance its BIT technology and develop new applications.
TOMI Environmental Solutions, Inc.'s Strategic Advantages
- Proprietary Technology: TOMI's Binary Ionization Technology (BIT) provides a unique and effective disinfection method, creating a strong competitive advantage.
- Diverse Applications: SteraMist can be used across various industries, increasing TOMI's market reach and reducing reliance on a single sector.
- Strong Customer Relationships: By providing comprehensive service and support, TOMI builds lasting relationships with its customers, promoting repeat business.
- Regulatory Compliance: TOMI's products are designed to meet stringent regulatory requirements, ensuring they are safe and effective for their intended uses.
- Scalability: From portable units to whole-room systems, TOMI offers solutions that can scale to meet the needs of different-sized facilities and operations.
To learn more about the company's investors, read this article: Exploring TOMI Environmental Solutions, Inc. (TOMZ) Investor Profile: Who’s Buying and Why?
TOMI Environmental Solutions, Inc. (TOMZ) How It Makes Money
TOMI Environmental Solutions, Inc. generates revenue primarily through the sale of its SteraMist disinfection products and services, which utilize Binary Ionization Technology (BIT) for decontaminating and disinfecting surfaces in various industries.
TOMI Environmental Solutions, Inc. Revenue Breakdown
Revenue Stream | % of Total | Growth Trend |
---|---|---|
SteraMist Products | Approximately 75% | Increasing |
Service Revenue | Approximately 25% | Increasing |
TOMI Environmental Solutions, Inc. Business Economics
The business economics of TOMI Environmental Solutions, Inc. are influenced by several key factors:
- Pricing Strategy: TOMI employs a premium pricing strategy, justified by the efficacy and unique technology of its SteraMist BIT solution. This allows for higher profit margins compared to traditional disinfection methods.
- Market Demand: Demand for TOMI's products is driven by increasing awareness and stringent regulations regarding infection control across various sectors, including healthcare, life sciences, and commercial facilities.
- Cost Structure: The cost structure includes manufacturing costs of SteraMist equipment and solution, research and development expenses, sales and marketing costs, and service delivery expenses. Efficient management of these costs is crucial for maintaining profitability.
- Scalability: TOMI's business model exhibits scalability, as the production and distribution of SteraMist products can be expanded to meet growing demand without proportional increases in fixed costs.
To learn more about the company's goals, see Mission Statement, Vision, & Core Values of TOMI Environmental Solutions, Inc. (TOMZ).
TOMI Environmental Solutions, Inc. Financial Performance
Key aspects of TOMI Environmental Solutions, Inc.'s financial performance include:
- Revenue Growth: TOMI has demonstrated significant revenue growth in recent years, driven by increased adoption of its SteraMist technology. For example, in the fiscal year 2024, TOMI reported revenue of $14.2 million, a 10.5% increase compared to $12.8 million in the fiscal year 2023.
- Gross Profit Margin: TOMI maintains a healthy gross profit margin, reflecting the premium pricing of its products and services. The gross profit was $8.7 million for the year ended December 31, 2024, compared to $7.5 million for the year ended December 31, 2023.
- Operating Expenses: Operating expenses include research and development, sales and marketing, and administrative costs. Managing these expenses is vital for achieving profitability. For the year 2024, operating expenses increased by $0.5 million to $9.9 million.
- Net Income/Loss: TOMI's net income/loss is influenced by revenue growth, gross profit margin, and operating expenses. The net loss decreased by $0.7 million to $1.2 million for the year ended December 31, 2024, compared to $1.9 million for the year ended December 31, 2023.
- Cash Flow: Monitoring cash flow is crucial for assessing TOMI's liquidity and ability to fund future growth initiatives.
TOMI Environmental Solutions, Inc. (TOMZ) Market Position & Future Outlook
As of April 2025, TOMI Environmental Solutions, Inc. (TOMZ) navigates a competitive landscape in the infection prevention and decontamination industry, with a focus on its SteraMist technology. The company's future outlook hinges on expanding its market reach and continued innovation in its core technology.
Competitive Landscape
Company | Market Share, % | Key Advantage |
---|---|---|
TOMI Environmental Solutions, Inc. | Estimated at 5-10% | Specialized expertise in Binary Ionization Technology (BIT™) and hydrogen peroxide-based disinfection, offering a unique and validated solution. |
STERIS Corporation | Estimated at 20-25% | Extensive product portfolio, global presence, and established relationships with healthcare facilities. |
Advanced Sterilization Products (ASP) | Estimated at 15-20% | Focus on low-temperature sterilization technologies and strong brand recognition in the healthcare sector. |
Opportunities & Challenges
Opportunities | Risks |
---|---|
Expansion into new markets, including food safety, agriculture, and pharmaceutical industries, leveraging the versatility of SteraMist technology. | Intense competition from larger, more established players with greater resources and broader market reach. |
Increased demand for effective disinfection solutions due to heightened awareness of infection control and biosecurity. | Regulatory hurdles and the need for continuous compliance with environmental and safety standards. |
Strategic partnerships and collaborations to enhance market access and expand the application of TOMI's technology. | Potential for technological advancements by competitors that could render TOMI's solutions less competitive. |
Industry Position
TOMI Environmental Solutions occupies a specific niche within the broader environmental solutions market, primarily focusing on disinfection and decontamination using its BIT™ technology. Key aspects of its industry position include:
- Technology Differentiation: TOMI's SteraMist technology, utilizing Binary Ionization Technology (BIT™), provides a unique selling proposition due to its efficacy and ability to disinfect both surfaces and air.
- Targeted Markets: The company strategically focuses on specific sectors such as healthcare, life sciences, and food safety, allowing for tailored solutions and a deeper understanding of customer needs.
- Scalability and Adaptability: TOMI's solutions are adaptable to various environments, from small laboratories to large industrial facilities, offering scalability that appeals to a diverse clientele.
- Compliance and Validation: Emphasis on meeting regulatory requirements and providing validated disinfection processes enhances credibility and trust among customers.
For more information, explore Mission Statement, Vision, & Core Values of TOMI Environmental Solutions, Inc. (TOMZ).
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