Trutankless, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
June 24, 2021 at 03:06 pm EDT
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Trutankless, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 1.661 million compared to USD 1.908 million a year ago. Operating loss was USD 6.890 million compared to USD 3.343 million a year ago. Net loss was USD 10.567 million compared to USD 4.893 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.12 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. 
