See more : Northern Shield Resources Inc. (NSHRF) Income Statement Analysis – Financial Results
Complete financial analysis of Trutankless, Inc. (TKLS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Trutankless, Inc., a leading company in the Consumer Electronics industry within the Technology sector.
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Trutankless, Inc. (TKLS)
About Trutankless, Inc.
Trutankless, Inc., through its subsidiary, Bollente, Inc., research, develop, sale, and distributes electric tankless water heaters in the United States. The company provides water heaters that are designed to provide hot water supply under the Trutankless name; and home.trutankless.com, a customizable online control panel that enables dashboard, residential, and commercial users to obtain real-time status reports, adjust unit temperature settings, view up water usage data, and change notification settings from anywhere. It sells its products to plumbing wholesale distributors and dealers. The company was incorporated in 2008 and is headquartered in Scottsdale, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.55K | 73.01K | 246.03K | 1.66M | 1.91M | 1.54M | 695.86K | 429.58K | 265.50K | 238.91K | 0.00 | 0.00 | 0.00 | -14.00K | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 22.55K | 127.67K | 1.30M | 1.73M | 1.70M | 530.59K | 490.28K | 343.00K | 440.33K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 3.55K | 50.46K | 118.36K | 356.33K | 177.39K | -165.65K | 165.26K | -60.69K | -77.50K | -201.42K | 0.00 | 0.00 | 0.00 | -14.00K | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 69.11% | 48.11% | 21.45% | 9.29% | -10.77% | 23.75% | -14.13% | -29.19% | -84.31% | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 441.53K | 246.19K | 354.05K | 187.58K | 417.16K | 216.07K | 165.22K | 0.00 | 318.72K | 876.78K | 301.80K | 45.55K | 59.53K | 39.58K | 265.96K | 30.48K |
| General & Administrative | 986.18K | 3.90M | 11.16M | 7.06M | 3.10M | 2.51M | 2.40M | 2.83M | 4.14M | 5.13M | 2.85M | 1.08M | 528.76K | 960.31K | 70.67K | 44.49K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 986.18K | 3.90M | 11.16M | 7.06M | 3.10M | 2.51M | 2.40M | 2.83M | 4.14M | 5.13M | 2.85M | 1.08M | 528.76K | 960.31K | 70.67K | 44.49K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 164.83K | 266.50K | 208.85K | 145.70K | 154.78K | 242.93K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.43M | 4.15M | 11.52M | 7.25M | 3.52M | 2.73M | 2.57M | 2.83M | 4.45M | 6.01M | 3.15M | 1.13M | 588.29K | 999.89K | 336.64K | 74.96K |
| Cost & Expenses | 1.43M | 4.17M | 11.65M | 8.55M | 5.25M | 4.43M | 3.10M | 3.32M | 4.80M | 6.45M | 3.15M | 1.13M | 588.29K | 999.89K | 336.64K | 74.96K |
| Interest Income | 0.00 | 556.83K | 5.01M | 1.71M | 1.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 569.77K | 556.83K | 5.02M | 1.71M | 1.39M | 641.62K | 467.16K | 383.64K | 39.72K | 9.29K | 44.66K | 46.48K | 65.30K | 598.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 9.91K | 12.62K | 12.58K | 1.79K | 15.69K | 5.04K | 4.38K | 27.27K | 23.58K | 21.19K | 3.15M | -2.25M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.46M | -4.05M | -11.98M | -8.86M | -3.48M | -2.89M | -2.40M | -2.86M | -4.23M | -7.01M | 0.00 | -1.13M | -588.29K | -999.89K | -336.64K | -74.96K |
| EBITDA Ratio | -41,104.11% | -5,593.75% | -4,628.54% | -414.76% | -175.14% | -187.84% | -344.96% | -666.26% | -1,697.91% | -2,591.18% | 0.00% | 0.00% | 0.00% | 7,142.07% | 0.00% | 0.00% |
| Operating Income | -1.42M | -4.10M | -11.40M | -6.89M | -3.34M | -2.89M | -2.40M | -2.89M | -4.53M | 6.21M | -3.15M | 1.13M | -588.29K | -999.89K | -336.64K | -74.96K |
| Operating Income Ratio | -40,128.71% | -5,611.03% | -4,633.65% | -414.78% | -175.19% | -188.17% | -345.59% | -672.60% | -1,706.79% | 2,600.05% | 0.00% | 0.00% | 0.00% | 7,142.07% | 0.00% | 0.00% |
| Total Other Income/Expenses | -614.29K | -523.01K | -5.98M | -3.68M | -1.55M | -641.62K | -467.16K | -383.45K | 238.24K | -827.11K | -44.66K | -2.30M | -65.30K | 663.25K | 0.00 | 0.00 |
| Income Before Tax | -2.04M | -4.62M | -17.38M | -10.57M | -4.89M | -3.54M | -2.87M | -3.27M | -4.29M | -7.04M | -3.20M | -1.17M | -653.58K | -336.64K | 0.00 | -74.96K |
| Income Before Tax Ratio | -57,437.50% | -6,327.39% | -7,064.03% | -636.08% | -256.36% | -229.89% | -412.72% | -761.86% | -1,617.06% | -2,946.24% | 0.00% | 0.00% | 0.00% | 2,404.55% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 26.49K | 5.02M | 1.71M | 1.39M | 5.00 | 1.00 | -5.78M | -8.79M | -13.24M | -44.66K | 0.00 | 0.00 | 663.85K | 336.64K | 0.00 |
| Net Income | -2.04M | -4.65M | -22.40M | -12.27M | -6.29M | -3.54M | -2.87M | -3.27M | -4.29M | -7.22M | -3.20M | -1.17M | -653.58K | -1.00M | -336.64K | -74.96K |
| Net Income Ratio | -57,437.50% | -6,363.67% | -9,103.79% | -738.72% | -329.35% | -229.89% | -412.72% | -761.86% | -1,617.06% | -3,021.17% | 0.00% | 0.00% | 0.00% | 7,146.34% | 0.00% | 0.00% |
| EPS | -0.07 | -0.23 | -1.78 | -1.63 | -1.27 | -0.92 | -0.92 | -1.24 | -1.86 | -4.06 | -3.04 | -1.38 | -1.33 | -23.36 | -9.51 | -2.82 |
| EPS Diluted | -0.07 | -0.23 | -1.78 | -1.63 | -1.27 | -0.92 | -0.92 | -1.24 | -1.86 | -4.06 | -3.04 | -1.38 | -1.33 | -23.36 | -9.51 | -2.82 |
| Weighted Avg Shares Out | 28.44M | 20.34M | 12.58M | 7.52M | 4.95M | 3.84M | 3.14M | 2.64M | 2.30M | 1.78M | 1.05M | 848.64K | 489.64K | 42.83K | 35.38K | 26.60K |
| Weighted Avg Shares Out (Dil) | 28.44M | 20.34M | 12.58M | 7.52M | 4.95M | 3.84M | 3.14M | 2.64M | 2.30M | 1.78M | 1.05M | 848.64K | 489.64K | 42.83K | 35.38K | 26.60K |
Trutankless™ Shipping GEN3: Redefining Electric Tankless Water Heating
Faster, Smarter, and More Affordable – The U.S.-Made GEN3 Model Delivers Endless Hot Water, Exceptional Efficiency, and Adaptable Design for Every Home SCOTTSDALE, Ariz. , Dec. 2, 2024 /PRNewswire/ -- Trutankless™ (OTC: TKLS), the premier name in residential electric tankless...
Trutankless, Inc. Begins Wholesale Shipments of Its GEN3-Series
PHOENIX , July 8, 2024 /PRNewswire/ -- Trutankless, Inc. (OTC: TKLS), the Company known for industry-leading performance has begun shipping its newly engineered GEN3-series to wholesale customers. "The GEN3 shipments represent an important milestone on our path to commercialization," said Guy...
Trutankless, Inc. Improves Balance Sheet
Transforms Approximately $3 Million in Debt Conversions into Equity PHOENIX , April 9, 2024 /PRNewswire/ -- Trutankless, Inc. (OTC: TKLS), the Company recently announced the launch of its new GEN3-series of products with design upgrades to its flagship Trutankless products....
Trutankless, Inc. Announces Launch of its Next Generation Tankless Products
PHOENIX , April 8, 2024 /PRNewswire/ -- Trutankless, Inc. (OTC: TKLS), the Company known for industry-leading performance is launching its newly engineered GEN3-series with significant upgrades. The Company has continued to work with its engineering partners refining product design and...
Trutankless, Inc. Announces Plans for Spin-Off of Tankless365, Inc.
Trutankless Shareholders to Receive Distribution of Shares in Tankless365, Inc. PHOENIX , July 15, 2023 /PRNewswire/ -- Trutankless, Inc. (OTCQB: TKLS) today announced its intention to spin-off its wholly-owned subsidiary, Tankless365, Inc. On a date determined by the Board of Directors...
Trutankless, Inc. Announces Plans for Spin-Off of Tankless365, Inc.
Trutankless Shareholders to Receive Distribution of Shares in Tankless365, Inc. PHOENIX, July 15, 2023 /PRNewswire/ — Trutankless, Inc. (OTCQB: TKLS) today announced its intention to spin-off its wholly-owned subsidiary, Tankless365, Inc. On a date determined by the Board of Directors...
Source: https://incomestatements.info
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