TKLSOTCHousehold AppliancesUS GAAP · USD

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.

Liikevaihto1,1milj. USD
+346,8 %v/v
Liikevoitto (EBIT)−3,6milj. USD
+31,6 %v/v
EBIT-marginaali−329,7%
+1 824,2 %-yks.v/v
Nettotulos−4,8milj. USD
+53,4 %v/v
Vapaa kassavirta−1,8milj. USD
+29,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−15−10−505milj. USD2020: 1,7 milj. USD2020: EBIT −6,9 milj. USD20202021: 0,25 milj. USD2021: EBIT −11 milj. USD20212022: 0,07 milj. USD2022: EBIT −4,1 milj. USD20222023: 0,00 milj. USD2023: EBIT −1,4 milj. USD20232024: 0,24 milj. USD2024: EBIT −5,2 milj. USD20242025: 1,1 milj. USD2025: EBIT −3,6 milj. USD20251,1−3,6
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Tankless water heaters85 %

Electric whole-home water heaters that heat water on demand as it flows through the unit.

Smart controls and apps10 %

Wi-Fi-enabled controls and mobile applications for monitoring and adjusting heater settings.

Wholesale distribution sales5 %

Sales of Trutankless-branded products through plumbing wholesalers and dealers.

Asiakkaat

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.

Wholesale plumbing distributors

Buy Trutankless units for resale through plumbing supply networks and contractor channels.

Plumbing dealers and regional wholesalers

Purchase product inventory for local resale and project fulfillment.

Home builders

Use the heaters in single-family and multi-family construction projects.

Repair and replace customers

Buy replacement water heating solutions where efficiency and endless hot water matter.

Strategia

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.

Broaden wholesale distributionLyhyt aikaväli

The business depends on plumbing distributors and dealers to reach end customers.

Launch and market redesigned productsLyhyt aikaväli

New product features are intended to improve adoption and support channel interest.

Build smart-home software integrationKeskipitkä aikaväli

Connected controls can increase product appeal and create a more differentiated offering.

Maantiede

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.

Riskit

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.

Järjestetty vakavuuden mukaan
Going concern and liquidity shortfallKriittinen

The company has disclosed substantial doubt about its ability to continue without new capital and revenue growth.

Kohdistuu: Operations and product commercialization

Customer and channel concentrationKorkea

Sales have historically been concentrated in wholesale plumbing distributors and dealers.

Kohdistuu: Revenue stability and bargaining power

Product adoption and launch executionKorkea

Demand depends on acceptance of redesigned heaters, controls, and app features.

Kohdistuu: Revenue growth and inventory utilization

Construction-cycle exposureKeskitaso

End demand is tied to residential construction and repair activity, especially in Sunbelt markets.

Kohdistuu: Regional demand and distributor orders

Kirjanpito

Harkinnanvaraiset erät
Going-concern basis

Management has disclosed substantial doubt, which affects presentation and investor interpretation of the financial statements.

Vaikutus: Signals dependence on future financing and revenue generation

Inventory valuation

Inventory levels matter for a product company with uneven sales and launch timing.

Vaikutus: Potential write-downs if demand or product mix weakens

Capitalized production-related assets

Equipment and leasehold improvements can affect reported assets and depreciation expense.

Vaikutus: Impacts operating expense timing and asset recoverability

Revenue recognition on distributor sales

Wholesale channel sales may be recognized when control transfers, which can create timing effects.

Vaikutus: Affects quarterly comparability and reported growth

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026

Trutankless, Inc. (OTC) – Household Appliances | Analyysi – Clarifo