Trutankless, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 03, 2020 at 05:32 pm EDT
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Trutankless, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 539,561 compared to USD 638,275 a year ago. Operating loss was USD 480,731 compared to USD 950,611 a year ago. Net loss was USD 3.502 million compared to USD 1.134 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.03 a year ago.
Trutankless, Inc. operates through its subsidiary, Bollente, Inc. The Company is involved in sales, marketing, research and development of whole-house, smart electric tankless water heaters. Its trutankless water heaters are designed to provide an endless hot water supply as they are designed to heat water as it flows through the system. The Companyâs trutankless water heaters are available through wholesale plumbing distributors, including Home Depot Pro, Ferguson, Hajoca, WinSupply locations, Morrison Supply, and several regional distributors. Through its app, residential and commercial users can obtain real-time status reports, adjust unit temperature settings, view water usage data, and change notification settings from anywhere in the world on their mobile device. Home.trutankless.com is available as a service to consumers of trutankless water heaters. The Company's primary markets include Florida, Texas, Arizona, and the rest of the Sunbelt region.
TRUTANKLESS, INC. 
