Trutankless, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 20, 2020 at 06:02 am EDT
Share
Trutankless, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 538,702 compared to USD 419,894 a year ago. Operating loss was USD 3.826 million compared to USD 932,873 a year ago. Net loss was USD 3.604 million compared to USD 1.121 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.03 a year ago. For the half year, sales was USD 1.078 million compared to USD 1.058 million a year ago. Operating loss was USD 4.307 million compared to USD 1.883 million a year ago. Net loss was USD 7.106 million compared to USD 2.382 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.06 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. 
