Trutankless, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
December 01, 2023 at 03:12 pm EST
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Trutankless, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.000585 million compared to USD 0.01568 million a year ago. Net loss was USD 0.722081 million compared to USD 1.43 million a year ago.
Basic loss per share from continuing operations was USD 0.04. Basic loss per share was USD 0.04.
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. 
