2023-05-15 16:21:38 ET
- TOMI Environmental Solutions press release ( NASDAQ: TOMZ ): Q1 GAAP EPS of -$0.06.
- Revenue of $1.58M (-31.6% Y/Y) misses by $1.36M .
- Gross margin was 59.5% compared to 61.5%. The decrease in gross profit was attributable to product mix in sales.
- Operating loss was ($1,188,000) compared to ($660,000).
- Adjusted EBITDA was a loss of ($941,000) compared to ($280,000). A table reconciling EBITDA to the appropriate GAAP financial measure is included with the Company’s financial information below
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TOMI Environmental Solutions GAAP EPS of -$0.06, revenue of $1.58M misses by $1.36M