TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET
Company Participants
John Nesbett - IMS Investor Relations
Halden Shane - Chairman and CEO
Conference Call Participants
Sameer Joshi - H.C. Wainwright
Operator
Good day, everyone, and welcome to today's TOMI Environmental Solutions, Inc. Third Quarter 2022 Financial Results Conference Call. [Operator Instructions]
It is now my pleasure to turn the conference over to John Nesbett of IMS Investor Relations. Please go ahead.
John Nesbett
Good afternoon. Thank you for joining us today for the TOMI Environmental Solutions 3Q Earnings Call. On today's call are TOMI's Chief Executive Officer and Chairman of the Board, Dr. Halden Shane; and Nick Jennings, TOMI's Chief Financial Officer.
I'll remind you that during this conference call, we will make certain forward-looking statements, including discussions of the business outlook and financial projections. These forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause our actual results to differ materially from such expectations. For a more detailed description of these risks and uncertainties, please refer to our recent and subsequent filings with the Securities and Exchange Commission. We assume no obligation to update the information provided in today's call.
In addition, in this conference call, we will discuss certain non-GAAP financial measures. We use non-GAAP measures because we believe they provide useful information about our operating performance that should be considered by investors in conjunction with the GAAP measures that we provide. A reconciliation of these non-GAAP measures to comparable GAAP measures is included in our earnings release.
I will now give the call over to TOMI's Chief Executive Officer and Chairman of the Board, Dr. Halden Shane. Go ahead.
Halden Shane
Thank you, John. Good afternoon, everyone, and thank you for joining the TOMI Environmental earnings call. Today, we'll provide operating and financial results for the third quarter of 2022, along with a favorable update on a few key current focuses for the company.
The last time we met, I reiterated how TOMI's patented iHP SteraMist technology is the only perfect 10 out of 10 in the disinfection, decontamination manufacturing world. Our process not only meets standards in the industry, but surpasses customer expectations by providing all the necessary competitive advantages.
With the current market trends to the application of our original, current and upcoming product lines, we believe our production and pipeline has revenue poised to end the fourth quarter profitable along with meeting our expectations for the year. This year, TOMI has seen an increase in our customer sales backlog or rather pending sales orders where revenue has not yet been recognized, but purchase orders or contract bids have been received or won.