2023-03-16 16:13:19 ET
- TOMI Environmental Solutions press release ( NASDAQ: TOMZ ): Q4 GAAP EPS of -$0.04.
- Revenue of $2.81M (+39.8% Y/Y) misses by $0.16M .
- Gross margin was 58.6% compared to 54.5%. The increase in gross profit was attributable to product mix in sales.
- Operating loss of ($706,000) compared to ($1,734,000). The improved operating loss was attributable to higher sales, increased gross profit and lower operating expenses.
- Adjusted EBITDA was a loss of ($268,000) compared to ($1,573,000). A table reconciling EBITDA to the appropriate GAAP financial measure is included with the Company's financial information below.
- Cash and cash equivalents were approximately $3.9 million.
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TOMI Environmental Solutions GAAP EPS of -$0.04, revenue of $2.81M misses by $0.16M