Trutankless, INC

Market Movers (8-K)

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Trutankless, Inc. has appointed Rod Sperry as its new Chief Financial Officer, effective November 25, 2024.
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Trutankless Inc. has decided not to proceed with the previously announced spinoff of its subsidiary, Tankless365, and will retain its current name.
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Trutankless, Inc. announced the conversion of approximately $3 million in convertible debt to equity, significantly reducing future annual expenses.
Better than expected
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Trutankless Inc. has dismissed its auditor, Gries & Associates, LLC, after the Public Accounting Oversight Board revoked their registration, and has engaged Victor Mokuolu CPA PLLC as their new independent accountant.
Worse than expected
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Trutankless, Inc. has announced the resignation of Michael Stebbins as CEO, President, and Director, and the appointment of Guy Newman as the new CEO and Director, effective April 2, 2024.

Quarterly Earnings (10-Q)

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TruTankless reports increased Q1 2026 revenue to $940,466, driven by Gen 3 product sales, while maintaining a going concern warning due to significant accumulated deficits.
Capital raise
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TRUTANKLESS, Inc. reported a substantial net loss and significant cash burn for the nine months ended September 30, 2025, raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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TRUTANKLESS, Inc. reported increased revenues for the six months ended June 30, 2025, driven by new product sales, but also saw a significant rise in net losses and a substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
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TRUTANKLESS, Inc. reported a significant net loss of $1.6 million for Q1 2025 despite generating $430,087 in revenue, highlighting ongoing liquidity challenges and a substantial accumulated deficit.
Worse than expected
Capital raise
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Trutankless Inc. saw a significant increase in revenue in the third quarter of 2024, driven by parts sales and the launch of new products, but the company still faces substantial financial challenges and a going concern warning.
Worse than expected
Capital raise
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Trutankless Inc.'s Q2 2024 results reveal minimal revenue, increased losses, and substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Capital raise

Annual Reports (10-K)

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Trutankless Inc. has filed an amended 10-K report to restate its financial statements for the years ended December 31, 2023, and December 31, 2022, due to adjustments identified during an audit by a newly appointed independent accounting firm.
Capital raise
Worse than expected
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Trutankless Inc.'s annual 10-K filing reveals a challenging year with minimal revenue, significant losses, and ongoing concerns about the company's ability to continue as a going concern.
Capital raise
Worse than expected

Insider Trading (Form 4)

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Rodney Lamont Sperry, CFO of Trutankless, Inc., acquired 400,000 shares of common stock on April 11, 2025, pursuant to his employment agreement.
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Director Robertson J. Orr acquired 400,000 shares of Trutankless, Inc. common stock on April 11, 2025, as compensation for continued service.
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Director Robertson J. Orr acquired 400,000 shares of Trutankless stock as part of a service agreement.
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Trutankless CEO Guy James Newman acquired 2.5 million shares of common stock as part of a service agreement.
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Director Robertson J. Orr acquired 800,000 shares of Trutankless, Inc. common stock on August 6, 2024, as compensation for continued service.