Commercial and Integration Milestones
SIS (SteraMist Integration System) achieved first commercial installation in June 2025 and reached 4 fully operational SIS enclosure installations by year-end; closed a $500,000 purchase contract in December with a global biopharmaceutical leader for sterile manufacturing pass-through fill boxes; pipeline for integration projects reported at $16 million and SteraMist iHP opportunity book at $20 million.
Strategic OEM and Distribution Partnerships
OEM partnerships (PBSC, ESCO, Steelco) embedding iHP into clean room enclosures and biosafety cabinets; first PBSC iHP pass-through collaboration exceeded cycle-speed expectations and a second PBSC project has begun; international distributor activity (e.g., ARES Scientific, TCA in U.K.) helping secure university and regional wins.
Recurring Revenue Traction and Backlog Growth
Backlog for TOMI Support Services increased 16% and BIT Solution backlog increased 24% in Q1 2026 vs Q1 2025; management highlights growing open BIT Solution orders and transition to recurring open order model as a strategic focus.
Q1 2026 Revenue Momentum vs Prior Year
Management stated Q1 2026 revenue is greater than Q1 2025, and cited concrete Q1 comparisons: solution sales rose to $429,413 from $299,000 (approximately +43.7%); support services rose to $253,390 from $73,279 (approximately +245.8%); iHP service (invoices + open orders) rose to $729,440 from $439,386 (approximately +66.1%).
Margin Improvement and Cost Discipline
Gross margin improved to ~55% in 2025 from 46% in 2024 (+9 percentage points); total operating expenses decreased ~10% year-over-year, reflecting disciplined cost management.
Improved Losses and Cash Flow Usage
Net loss improved to $3.7 million ($0.19 per share) in 2025 from $4.5 million ($0.22 per share) in 2024 (improvement of $0.8 million, ~17.8%); operating cash used improved to $1.2 million in 2025 from $1.4 million in 2024 (improvement of ~14.3%).
Regulatory and Market Approvals Supporting New Verticals
Late-2025 FDA approval of hydrogen peroxide as a direct food additive opened food-safety opportunities and engagement with large partners (e.g., Danone, Nestle); HSE/BPR approvals and recognition in U.K. and the Netherlands; pursuing EPA -4 and -5 labels and a tailored FCN for powdered infant formula.
Notable Customer Wins and Use-Cases
Cell & gene therapy manufacturer adopted SteraMist iHP for a commercial-scale pharmaceutical facility; NASA Johnson Space Center selected the technology for a biosecurity operation; a platinum eye-health customer expanded to 2 active facilities (5 machines each) with a third Berlin site trialing in June 2026; Algafeed partnership expands agricultural/food safety footprint.
Intellectual Property, Geographic Reach and Recognition
More than 30 utility and design patents through 2038; technology deployed in 40+ countries; honored as Disinfection Decontamination Products Company of the Year by MedTech Outlook; compliance on 3 safety vendor management platforms (adding a fourth).
Financing Tools Put in Place
Steps taken to address liquidity: $535,000 convertible note in 2025, $20 million equity line with Hudson Global Ventures (first draw ~$94,000 in Feb 2026), effective S3 shelf registration for up to $50 million, and engagement of Bancroft Capital to explore additional financing.