A Business at a Glance
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Trutankless, Inc.
TKLS
$45M
Mkt Cap
$0.49
-1.01%
Trutankless, Inc. (TKLS) has a 5-year average return on invested capital (ROIC) of -121.4%. This is below average and may indicate limited pricing power.
Trutankless, Inc. (TKLS) has a market capitalization of $65M. It is classified as a small-cap stock.
Trutankless, Inc. (TKLS) does not currently pay a regular dividend.
Trutankless, Inc. (TKLS) operates in the Household Appliances industry, within the Industrials sector.
Trutankless, Inc. (TKLS) generated $-3 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Trutankless, Inc. (TKLS) reported earnings per share (EPS) of $-0.11 in its most recent fiscal year.
The Ledger Terminal provides 10 years of financial data for Trutankless, Inc. (TKLS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Trutankless, Inc. was incorporated in the state of Nevada on March 7, 2008. The Company is headquartered in Scottsdale, Arizona and currently operates through its wholly owned subsidiaries, Bollente, Inc., a Nevada corporation incorporated on December 3, 2009 and Tankless365, Inc., a Nevada corporation incorporated on October 20, 2021. Trutankless is involved in research and development, sales, marketing, of a high quality, whole-house, smart electric tankless water heater that is more energy efficient than conventional products. Management anticipates the Company’s second generation of Trutankless water heaters, with Bluetooth, and Zigbee capability. Trutankless’ proprietary app is expected to launch into the iOS and Android store and will augment other products in the home automation space. Overview of Potential Markets and Summary of Marketing Plan Management intends to focus on the United States residential market initially.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 800K | - | - | - | - | - |
| Net Income | -9.0M | -10M | -2.2M | -4.8M | -17M | -11M |
| EPS | $-0.14 | $-0.11 | $-0.08 | $-0.05 | $-0.45 | $-0.52 |
| Free Cash Flow | -3.5M | -2.5M | -2.0M | -1.7M | -2.5M | -1.5M |
| ROIC | -3852.5% | -121.4% | -414.6% | -1587.9% | -3811.1% | -302.9% |
| Gross Margin | 7.8% | - | - | - | - | - |
| Debt/Equity | 0.00 | -0.01 | -0.00 | -0.02 | -0.00 | -0.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -6.7M | -5.2M | -1.3M | -4.2M | -11M | -6.9M |
| Operating Margin | -836.7% | - | - | - | - | - |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 132M | 93M | 132M | 92M | 39M | 20M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 800K |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 238K | -383K | -2.4M | 2.9M | -3.3M | -6.9M | -11M | -4.2M | -1.3M | -5.2M | -6.7M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -836.7% |
| Net Income | -4.3M | -3.3M | -2.9M | -3.5M | -4.9M | -11M | -17M | -4.8M | -2.2M | -10M | -9.0M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1130.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | 22.0% | -59.4% | N/M | N/M | N/M | N/M | N/M | N/M | N/M | -121.4% | N/M |
| ROE | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | -500.7% | -642.0% | -408.9% | -406.0% | -527.7% | -588.1% | -7597.7% | -2311.4% | -840.7% | -557.7% | -6587.2% |
| Cash Flow | |||||||||||
| Op. Cash Flow | -2.5M | -1.4M | -1.5M | -1.6M | -2.2M | -1.5M | -2.4M | -1.7M | -2.0M | -2.3M | -3.0M |
| Free Cash Flow | -2.5M | -1.4M | -1.5M | -1.6M | -2.2M | -1.5M | -2.5M | -1.7M | -2.0M | -2.5M | -3.5M |
| Owner Earnings | -2.5M | -1.4M | -1.5M | -1.6M | -2.2M | -1.5M | -2.4M | -1.7M | -2.0M | -5.7M | -6.5M |
| CapEx | 1K | 0 | 0 | 0 | 0 | 0 | 25K | 0 | 0 | 192K | 473K |
| Maint. CapEx | 24K | 27K | 4K | 5K | 0 | 0 | 13K | 13K | 0 | 4K | 4K |
| Growth CapEx | 0 | N/A | N/A | 0 | N/A | N/A | 13K | N/A | N/A | 188K | 469K |
| D&A | 24K | 27K | 4K | 5K | 0 | 0 | 13K | 13K | 0 | 4K | 4K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 11K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8K | 3.4M | 3.4M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 33K | 0 | 0 | 4K | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | 233K | 148K | 151K | 227K | 0 | 249K | 0 | 38K | -21K | -909K | -33K |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 33K |
| Long-Term Debt | 233K | 148K | 151K | 227K | 0 | 249K | 0 | 124K | 0 | 95K | 95K |
| Debt/Equity | -0.87 | -0.24 | -0.11 | -0.12 | 0.00 | -0.11 | 0.00 | -0.02 | 0.00 | -0.01 | 0.00 |
| Interest Coverage | 6.0 | -1.0 | -5.1 | 4.5 | -2.4 | -4.0 | -2.2 | -6.8 | -1.8 | -9.1 | -9.1 |
| Equity | -267K | -627K | -1.4M | -2.0M | -3.0M | -2.4M | -3.9M | -5.5M | -7.5M | -6.3M | -9.3M |
| Total Assets | 857K | 510K | 702K | 871K | 927K | 1.8M | 229K | 207K | 256K | 3.4M | 137K |
| Total Liabilities | 1.1M | 1.1M | 2.1M | 2.8M | 4.0M | 4.2M | 4.1M | 5.7M | 7.8M | 9.7M | 13M |
| Intangibles | 8K | 12K | 12K | N/A | N/A | N/A | N/A | 12K | 12K | 12K | 12K |
| Retained Earnings | -18M | -21M | -24M | -28M | -32M | -43M | -60M | -65M | -67M | -77M | -77M |
| Working Capital | -81K | -502K | -1.3M | -1.5M | -3.1M | -2.4M | -3.6M | -3.4M | -7.4M | -5.9M | -5.9M |
| Current Assets | 811K | 487K | 684K | 854K | 755K | 872K | 185K | 93K | 26K | 3.0M | 3.0M |
| Current Liabilities | 891K | 988K | 2.0M | 2.3M | 3.9M | 3.3M | 3.8M | 3.5M | 7.4M | 8.9M | 8.9M |
| Per Share Data | |||||||||||
| EPS | -1.45 | -0.87 | -0.61 | -0.88 | -0.96 | -0.52 | -0.45 | -0.05 | -0.08 | -0.11 | -0.14 |
| Owner EPS | -0.86 | -0.38 | -0.33 | -0.40 | -0.44 | -0.07 | -0.06 | -0.02 | -0.02 | -0.06 | -0.05 |
| Book Value | -0.09 | -0.17 | -0.31 | -0.49 | -0.59 | -0.12 | -0.10 | -0.06 | -0.06 | -0.07 | -0.07 |
| Cash Flow/Share | -0.85 | -0.38 | -0.33 | -0.39 | -0.44 | -0.07 | -0.06 | -0.02 | -0.02 | -0.03 | -0.07 |
| Dividends/Share | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 3.0M | 3.8M | 4.7M | 4.0M | 5.1M | 20.4M | 38.8M | 92.4M | 131.5M | 92.6M | 132.1M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -3.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 175.2 | N/A | N/A | 4.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 81.0 |
| FCF Yield | -6.1% | -7.8% | -5.2% | -12.2% | -20.1% | -5.4% | -3.3% | -6155.7% | -504.5% | -14.5% | -5.4% |
| Market Cap | 42M | 18M | 29M | 13M | 11M | 27M | 75M | 28K | 395K | 17M | 65M |
| Avg. Price | 17.71 | 8.40 | 6.57 | 5.02 | 4.32 | 1.66 | 1.31 | 0.61 | 0.00 | 0.22 | 0.49 |
| Year-End Price | 14.00 | 4.80 | 6.24 | 3.22 | 2.16 | 1.34 | 1.94 | 0.00 | 0.00 | 0.19 | 0.49 |
Trutankless, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Trutankless, Inc. (TKLS) has a book value per share of $-0.07, based on its most recent annual SEC filing.