Continued growth attributed to growing customer base and demand among distributors
PHOENIX, Aug. 28, 2019 /PRNewswire/ — Trutankless, Inc. (OTCQB: TKLS) released its earnings report for the second quarter 2019 indicating gross sales of $419,894, compared to $354,339 in Q2 2018. Additionally, the Company reported a 35% increase in gross sales to $1,058,169 for the six months ending June 30, 2019, compared to $779,385 during the same period 2018.
The company attributes its continued growth to several factors, including strong demand for its Trutankless line of smart water heaters amongst a growing number of the nation’s largest plumbing and HVAC distributors.
“Our gross profit also increased for the six months ended June 30, 2019,” stated Michael Stebbins, President and CEO, of Trutankless, Inc. “We hope to continue a positive trend in both sales and margin improvements.”
Trutankless launched its first-generation Trutankless unit at the IBS show in 2014, where it was named “Best Home Technology Product.” Trutankless also took home the Governor’s Award of Merit for Energy and Technology Innovation at Arizona Forward’s Environmental Excellence Awards in the same year. Since then, the product has garnered a multitude of accolades for its forward-thinking technology and energy efficiency, including a silver award in the Appliance Design Excellence in Design contest, a Special Mention in the Architizer A+ Awards, and was named a Hot Product by the editors of Green Builder Magazine. In 2016 Trutankless was featured as a water saving device in Consumer Reports’ Top 5 Remodeling Trends for 2016 write-up. The company has been awarded patents with 34 claims on its innovative advances in water heating technology.