Trutankless, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
December 11, 2023 at 10:32 am EST
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Trutankless, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.00018 million compared to USD 0.004332 million a year ago. Net loss was USD 0.504256 million compared to USD 1.45 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.07 a year ago. Basic loss per share was USD 0.02 compared to USD 0.07 a year ago.
For the six months, sales was USD 0.000765 million compared to USD 0.020012 million a year ago. Net loss was USD 1.23 million compared to USD 2.85 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago. Basic loss per share was USD 0.06 compared to USD 0.14 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. 
