Fannie Mae, Freddie Mac shares tumble after conservatorship comments
FREDERICK, Md. - TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ), a small-cap environmental solutions company with a market capitalization of $20.22 million and impressive revenue growth of 19% over the last twelve months, announced that its SteraMist ionized hydrogen peroxide technology has demonstrated effectiveness against Deformed Wing Virus (DWV), a major contributor to honeybee colony collapse.
According to a collaborative study published by the U.S. Department of Agriculture (USDA) on June 2, 2025, the technology significantly inactivated DWV strains A and B in hive substrates, offering a non-toxic approach to protecting bee populations. With a healthy gross profit margin of 46.8% and strong liquidity position reflected in a current ratio of 2.25, TOMI appears well-positioned to capitalize on this breakthrough. For detailed analysis and additional insights, check out the comprehensive research report available on InvestingPro.
"USDA scientists are actively advancing research into the major stressors affecting honeybee colonies," said Acting ARS Administrator Joon Park, as quoted in the company's press release.
The announcement comes as commercial beekeepers across the U.S. have reported colony losses of up to 60% in early 2025, representing an estimated $600 million in economic impact. The USDA confirmed on June 2 that viruses spread by miticide-resistant Varroa destructor mites are the primary cause of the crisis.
Honeybees contribute $20-30 billion annually to the U.S. agricultural economy and $387 billion globally through their essential pollination services.
Dr. Halden Shane, CEO of TOMI Environmental Solutions, stated that the company's technology offers "a proven, effective, and nontoxic solution" for beekeepers to protect their colonies. The market has responded positively to these developments, with the stock showing strong momentum through a 28.43% price return over the past six months. Discover more key financial metrics and 8 additional ProTips about TOMZ on InvestingPro.
The company indicated it continues to advance research and extend outreach to master beekeepers, according to the press release statement.
In other recent news, TOMI Environmental Solutions reported a 42% increase in net revenue for the first quarter of 2025, reaching approximately $1.6 million, up from $1.1 million in the same period the previous year. Despite this revenue growth, the company experienced a net loss of $0.01 per share, although this was an improvement from the $0.07 per share loss in the first quarter of 2024. The company's gross margin was recorded at 60.4%, slightly below the previous year's average of 61.0%. Additionally, TOMI successfully reduced its total operating expenses to $1.7 million, down from $1.9 million in the previous year. In other developments, TOMI appointed David Vanston as its new Chief Financial Officer, bringing over 25 years of financial leadership experience to the company. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on TOMI Environmental, with a price target of $3.50, reflecting confidence in the company's financial results and recent fundraising efforts. The company also raised approximately $385,000 through convertible promissory notes in March and April 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.