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Thursday, August 13, 2020 11:29:08 AM
RBII IS IN SAME EXACT SECTOR WITH A VERY SIMILIAR HYDROGEN BASED PRODUCT LIKE THEM AND SERVICE...THIS IS A NO BRAINER OF ALL NO BRAINER...>THE SECTOR DEMAND IS BOOMOING!
“We experienced sustained growth in the second quarter and hit a major milestone with revenues exceeding $10 million as a result of strong global demand for innovative technologies in disinfection and infectious disease control. With the increase in sales to date and the foreseeable future, a second manufacturer was added to expand our production capacity. Meanwhile, TOMI’s customer base continues to grow while additional channels are showing interest in SteraMist and the versatility of the product. TOMI has been hiring additional employees to improve our quality control standards and upgrade our internal controls. As always, TOMI is introducing new products and enhancements as we strive to innovate for a safer world.”
Financial Results for the Three Months Ended June 30, 2020 compared to June 30, 2019
Total net revenue was $10,028,000 compared to $1,639,000, representing an increase of $8,389,000, or 512%.
- SteraMist® product-based revenues was $9,235,000 and $1,504,000, respectively, representing an increase of $7,731,000 or 514%.
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