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US Nuclear Corp. develops, manufactures, and sells radiation detection and measuring equipment globally through its Optron and Overhoff segments. The company offers a range of radiation monitors including water monitors, alpha, beta, gamma, tritium monitors, dronerad aerial detection, and more. Additionally, it provides software for various radiation measurements and monitoring applications. US Nuclear Corp.'s products find applications in nuclear reactor plants, universities, local and government institutions, and port security.
US Nuclear Corp (OTC: UCLE) reported significant financial improvements in Q3 2024. The company reduced its quarterly loss by 89% to $110,971 from $760,062 in 2023. Nine-month losses decreased by 68% to $728,320 from $2,296,114 in 2023. Q3 revenues reached $610,864, up from $593,502 in 2023, while nine-month revenues improved by 9.6% to $1,741,182.
Current liabilities were reduced by 50% to $2,412,805 from year-end 2023. The company announced plans to reduce operating expenses by 20% while targeting 20% sales growth. US Nuclear is focusing on marketing nuclear monitoring product packages to nuclear providers, fire, police, paramedics, and government agencies.
US Nuclear Corp. (OTC: UCLE) reports significant financial improvements in Q3, including a $3 million reduction in current liabilities and projecting a $1 million profitability swing compared to Q3 2023. The company implemented a 5.5% price increase and launched a cost reduction program targeting 15% ($100k per quarter) in expense cuts. They've partnered with Chamberlain Capital Partners for capital raising and marketing initiatives. Future plans include launching monitoring devices for methane and CO2 emissions from uncapped oil wells, and PFAS chemical monitoring systems in 2025.
US Nuclear Corp. (OTC: UCLE) is expanding its Overhoff production floor in Ohio to meet surging demand for tritium monitors, driven by the AI nuclear energy boom and global interest in fusion energy generators. The company is reorganizing its subsidiary, Electronic Control Concepts (ECC), by shifting production from Ohio to its Technical Associates facility in California. This strategic move aims to:
1. Free up resources at Overhoff to increase shipment volume
2. Utilize excess manufacturing capacity at Technical Associates
3. Boost overall efficiency and shipments across all main branches
The reorganization is already underway and expected to significantly improve US Nuclear's production capabilities in the near future.
US Nuclear Corp. (OTC-QB: UCLE) is positioned to benefit from the global shift towards nuclear power amid energy shortages and soaring prices. The company, a leading supplier of nuclear power plant equipment, is at the forefront of the nuclear power revolution as the U.S. aims to triple nuclear capacity by 2050.
US Nuclear specializes in advanced nuclear technologies, including cutting-edge radiation detection instruments. The company is the dominant supplier of tritium monitoring instrumentation, essential for both fission and fusion reactors, and leads the market in water monitoring instrumentation and ultra-sensitive radiation monitoring systems.
As conventional energy sources become unreliable and expensive, nuclear power offers a clean, efficient, and long-term solution to meet rising global energy demands. US Nuclear's equipment is poised to play a critical role in this transition, supporting the development of both small-scale and large-scale fission and fusion reactors.
US Nuclear Corp. (OTC-QB: UCLE) announced its Q1 2024 financial results, reporting sales of $627,750 and a gross profit of $353,769. The company's gross margins decreased to 56.36% from 67.25% in the same period last year. However, US Nuclear significantly reduced its selling, general, and administrative expenses by 32.29% to $498,198. The net loss improved by 74% to $173,242.
CEO Robert Goldstein highlighted strong sales in tritium monitoring products and anticipated growth in nuclear power instrumentation. The company also launched a PFAS monitor capable of measuring contamination down to 1ppt, aligning with new EPA regulations. This product is expected to see increased demand due to the new enforceable limits on PFAS contamination.
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