Trutankless, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 05:15 pm EST
Share
Trutankless, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 361,008 compared to USD 442,781 a year ago. Operating loss was USD 912,577 compared to USD 592,202 a year ago. Net loss was USD 1.224 million compared to USD 785,630 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. For the nine months, sales was USD 1.439 million compared to USD 1.500 million a year ago. Operating loss was USD 5.219 million compared to USD 2.475 million a year ago. Net loss was USD 8.331 million compared to USD 3.168 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.08 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. 
