Halden Shane | Chairman and Chief Executive Officer |
Nick Jennings | Chief Financial Officer |
Thank you for joining us today for TOMI's Environmental Solutions Investor Update Conference Call. On today's call is TOMI's CEO and Chairman of the Board, Dr. Halden Shane, who will provide an overview of recent business highlights for the most recent quarter. TOMI's CFO, Nick Jennings will follow-up and discuss critical financial benchmarks before addressing any questions you may have.
A telephone replay of today's call will be available through May 25, 2020, the details of which are included in the Company's press release of May 12, 2020. also at will website, replay webcast be TOMI's available www.tomimist.com. A XX, this that which relevant May no are longer information time information note at any time call advised it and the therefore contained recorded, be of Please may day replay. within is sensitive you the only was the accurate XXXX, of to of the Certain forward-looking statements constitute written TOMI Private Litigation of Securities may or oral management statements XXXX. Reform Act defined made in by as
occur revenue words meaning Act. are actual results equate and could of and materially growth, operating of estimates, that our important cause be, forward-looking light statements our anticipated could from such the risk in forward-looking, as within They other and to projections, should evaluated Forward-looking Reform we expects we to, events, statements the projections, factors be by we addressing in they be, results. similar growth, are differ are in provided facts circumstances Company call call. or to this at is this expected based and forward-looking The to including similar or will upon phrases undertakes estimated, performance, look the the this relating statements earnings, expect, the All time. identified believe, projected the anticipated, update obligation of date anticipates, conference future, known no these developments information forward earnings-per-share after to phrases. to, The outlook, statements current to, would statements that anticipate Company or projects,
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and needs. in this possibilities continue industrial to new current This that large provide product offering technology even a response, answer concept our implementation underway SteraMist our SteraMist existing will and in realization an to new concept areas. needs for be for solution to and effective facility their become further meet to for specific proves scenario product design, a verticality requires application methods The significant, be
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asked thankfully his call thank Chief TOMI's the who Financial leave I But you. Officer, to Nick over because I now is he will Jennings, mask. to turn removing
the year of a quarter financial to XXXX for Thank you, I'll Dr. Shane. compared of prior first our period. results overview brief the provide
XXX%. XXXX revenue $X,XXX,XXX, an three months or increase March compared net XX, XX, representing the of $X,XXX,XXX, to ended was XXXX, March For total to $X,XXX,XXX compared
the products we in was pandemic. infectious increase disease to in first increase control for the disinfection revenue attributable In The global saw demand CoV-X response SARS coronavirus global in to quarter, QX, from fortunate and significant Entering a levels on as customer the were to meet into to result inventory we hand sufficient our hospital-healthcare demand. demand for of have TSN product pandemic.
of further XX%. XXX%. representing and increase To revenue Service-based $X,XXX,XXX approximately increase Domestic and XXX%. revenue of $X,XXX,XXX, a $X,XXX,XXX, or $X,XXX,XXX, was revenue was provide breakdown of $X,XXX,XXX or representing SteraMist of an $XXX,XXX, increase a was $X,XXX,XXX revenue, $XXX,XXX and year-over-year an product-based
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net share $X,XXX,XXX. per loss was $X,XXX,XXX, an on $XXX,XXX. per basis, to loss was $X,XXX,XXX income adjusted representing increase share a Net compared a on to a EBITDA $XXX,XXX, $X.XX basis or of net compared $X.XX of an or of
of For EBITDA details. additional to XX calculation press information the reconciliation release, income, and May refer additional GAAP for please to net our dated our on
from Cash operations compared $X,XXX,XXX, $XXX,XXX. was in cash of to operations provided used
like through of the I'd some to Next, our on balance key sheet. items go
capital and convertible March XX, of $X,XXX,XXX, into cash As representing XXXX, million $X,XXX,XXX notes $X,XXX,XXX. of representing an increase $XXX,XXX, of Shareholder $X.X and Conversion X,XXX,XXX equivalents $X,XXX,XXX increase XXXX and of of December in $X,XXX,XXX. Working equity of and common $X,XXX,XXX $XXX,XXX, was XX, approximately shares. $X,XXX,XXX. and an cash increase negative was representing an
terms $XXX,XXX the offset equipment quarter deposits payment first deposits began to convertible gross our vendor profit of was notes of approximately repayment on cash orders. position and restructuring cash in requiring due the customer where and solution higher $X,XXX,XXX. and and we of in Our liquidity and prepayments revenue the improved This and by of
the of conversion shareholder notes the boost working a and capital to income equity. and convertible QX nice provided our Our
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Shane. I'll turn call Dr. the back over Now to
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today. thank all listening you for And I The call is now terminated.
will Ladies participation. for and thank conclude you We today's that gentlemen, your conference.
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