Trutankless, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:19 pm
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Trutankless, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.016557 million compared to USD 0.361008 million a year ago. Net loss was USD 2.42 million compared to USD 1.22 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.18 a year ago.
For the nine months, sales was USD 0.199371 million compared to USD 1.44 million a year ago. Net loss was USD 6.11 million compared to USD 8.33 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 1.25 a year ago.
Trutankless, Inc. is a developer of home automation and efficiency systems. The Company operates through its subsidiary, Bollente, Inc. It 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. Its trutankless water heaters are available through wholesale plumbing distributors, including Ferguson, Hajoca, WinSupply, Morrison Supply locations, 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. Its Home.trutankless.com is available as a service to consumers of trutankless water heaters. Its primary markets include Florida, Texas, Arizona, and the rest of the Sunbelt region.