The chart below shows how TOMZ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TOMZ sees a -3.09% change in stock price 10 days leading up to the earnings, and a -0.35% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Profitable Quarter Achievement: TOMI achieved another milestone, marking our second consecutive profitable quarter for the 2024 calendar year.
Revenue and Margin Improvement: This performance reflects higher revenue, improved gross margins, and carefully executed reductions in operating expense.
Positive Cash Flow Achievement: We achieved positive cash flow this quarter, driven by stronger accounts receivable turnover and tighter control of our outgoing cash through disciplined management of expenditures.
Quarterly Revenue Surge: Our revenue for the quarter was approximately $2.5 million, representing a 73% increase compared to the third quarter of the prior year.
Mobile Equipment Demand Surge: This growth was primarily driven by strong demand for our mobile equipment, which has increased by 90% in 2024 compared to 2023.
Negative
Net Profit Improvement: Consolidated net profit was $59,000 or $0 per basic and diluted share compared to a net loss of $901,000 or a loss of $0.05 per basic share.
Operating Profit Surge: Consolidated operating profit was $149,000 compared to a loss of $901,000, representing an increase of $1,050 million or 117%.
Gross Profit Margin Increase: Consolidated gross profit margin was 61.4% compared to 55% attributable to our product mix and sales and the increased demand for our mobile equipment.
Net Revenue Increase: Our consolidated net revenue was $2,542 million compared to $1,470 million, increasing approximately 73%.
Quarterly Revenue Surge: Our revenue for the quarter was approximately $2.5 million, representing a 73% increase compared to the third quarter of the prior year.
TOMI Environmental Solutions, Inc. (TOMZ) Q3 2024 Earnings Call Transcript
TOMZ.O
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