Trutankless, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
June 07, 2023 at 05:07 pm EDT
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Trutankless, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.004627 million compared to USD 0.016557 million a year ago. Net loss was USD 0.941149 million compared to USD 2.42 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.19 a year ago. Basic loss per share was USD 0.05 compared to USD 0.19 a year ago.
For the nine months, sales was USD 0.024639 million compared to USD 0.199371 million a year ago. Net loss was USD 3.79 million compared to USD 6.11 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.56 a year ago. Basic loss per share was USD 0.19 compared to USD 0.56 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. 
