Trutankless, Inc.
Trutankless, Inc. is a U.S.-based developer of whole-home electric tankless water heaters. The company operates through its wholly owned subsidiary, Bollente, Inc., and is headquartered in Scottsdale, Arizona.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueElectric whole-home water heaters that heat water on demand as it flows through the unit.
Wi-Fi-enabled controls and mobile applications for monitoring and adjusting heater settings.
Sales of Trutankless-branded products through plumbing wholesalers and dealers.
Customers
Trutankless sells primarily into the wholesale plumbing channel, where distributors and dealers buy the products for resale to contractors and installers. The company also serves home builders and repair-and-replace customers in residential and commercial applications, especially where energy efficiency and continuous hot water are important.
Buy Trutankless units for resale through plumbing supply networks and contractor channels.
Purchase product inventory for local resale and project fulfillment.
Use the heaters in single-family and multi-family construction projects.
Buy replacement water heating solutions where efficiency and endless hot water matter.
Strategy
Trutankless is focused on expanding distribution for its redesigned smart electric tankless water heaters and related controls. The company is also developing app-based connectivity and smart-home features to strengthen product differentiation and support adoption through plumbing professionals and distributors.
The business depends on plumbing distributors and dealers to reach end customers.
New product features are intended to improve adoption and support channel interest.
Connected controls can increase product appeal and create a more differentiated offering.
Geography
Trutankless is headquartered in Scottsdale, Arizona and describes Florida, Texas, Arizona, and the broader Sunbelt as its primary markets. Its business is U.S.-focused, with demand tied to construction, remodeling, and distribution relationships in those regions.
Risks
The company faces substantial going-concern and financing risk because it has relied on external capital to fund operations. It also depends on a narrow product line and a wholesale channel, which makes demand, distributor relationships, and product acceptance critical to performance.
The company has disclosed substantial doubt about its ability to continue without new capital and revenue growth.
Exposure: Operations and product commercialization
Sales have historically been concentrated in wholesale plumbing distributors and dealers.
Exposure: Revenue stability and bargaining power
Demand depends on acceptance of redesigned heaters, controls, and app features.
Exposure: Revenue growth and inventory utilization
End demand is tied to residential construction and repair activity, especially in Sunbelt markets.
Exposure: Regional demand and distributor orders
Accounting
Judgemental itemsManagement has disclosed substantial doubt, which affects presentation and investor interpretation of the financial statements.
Impact: Signals dependence on future financing and revenue generation
Inventory levels matter for a product company with uneven sales and launch timing.
Impact: Potential write-downs if demand or product mix weakens
Equipment and leasehold improvements can affect reported assets and depreciation expense.
Impact: Impacts operating expense timing and asset recoverability
Wholesale channel sales may be recognized when control transfers, which can create timing effects.
Impact: Affects quarterly comparability and reported growth
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Last updated: 29/04/2026