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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. (OTCQB: UCLE) specializes in advanced sensor technology to detect hazardous materials, enhancing security at critical locations such as airports and seaports. Their product range includes:
- Drone-mounted monitors for extensive area scanning
- Entry and Exit Point Monitors for personnel and vehicle tracking
- Various fixed, portable systems for detecting radiation and chemical agents
- Real-time water quality monitors
- Hand-held toxic material detectors for first responders
The company also offers drone pilot training services.
US Nuclear Corp. (OTCQB: UCLE) announced strong third-quarter results for 2021, reporting sales of $683,771, a 41.2% increase from $484,318 in 2020. The company also reduced selling, general, and administrative expenses by 26.8%, totaling $747,290. Despite these gains, US Nuclear logged a net loss of $444,383, improved from a net loss of $850,386 in the prior year. CEO Robert Goldstein highlighted a busy September with fulfilling government contracts and expressed optimism about ongoing revenue recovery as the company addresses climate change initiatives.
US Nuclear (OTCQB: UCLE) partnered with the Ohio Department of Health to conduct a flight training operation demonstrating its DroneRad system's capabilities in radiation detection. The operation took place on June 22-23, 2021, at the Calamityville Training Center, showcasing the company's integration with the RadResponder Network for real-time data sharing on radiological hazards. The DroneRad system, noted for its 7-hour flight time and 10-mile range, has garnered increased interest due to its effectiveness in mapping radiological, biological, and chemical threats.
US Nuclear's partner Grapheton has appointed Terry Lingren as the new CEO to enhance product development and fundraising, enabling founder Sam Kassegne to prioritize research. Kassegne's innovative glassy carbon supercapacitor technology is set to transform electric vehicle (EV) charging, computing, and medical treatments. Under Lingren's leadership, there is potential for rapid growth in several emerging sectors including brain-computer interfaces and supercapacitors. Grapheton anticipates multiple revenue streams from its disruptive technologies.
US Nuclear's partner Grapheton has appointed Terry Lingren as CEO. Mr. Lingren brings extensive experience from technology startups, including leading Resonant to its IPO. His leadership is expected to enhance Grapheton's commercialization efforts in brain-computer interface (BCI) technology. Grapheton specializes in biocompatible carbon-based probes, which have a longer lifespan than conventional options. The company's innovative products aim to support individuals with disabilities and promote growth in the BCI market.
US Nuclear (OTCQB: UCLE) has launched a new start-up called Cali From Above, which focuses on the fast-growing drone market. This venture offers various services, including pilot training, drone sales, and specialized drone operations for sectors like construction and security. Cali From Above, operational since April 2021, has reported consistent monthly revenue growth. With an aim to adapt to rapid changes in drone technology, the company believes it can capitalize on the anticipated increase in drone usage, predicting that the number of drones will surpass cars by 2030.
US Nuclear Corp. (OTCQB: UCLE) reported a 16.7% increase in sales for Q2 2021, totaling $352,558 compared to $302,201 in Q2 2020, mainly driven by recovery from COVID-19 impacts. However, they experienced a significant increase in selling, general, and administrative expenses, rising by 79.3% to $620,854. The company suffered a net loss of $1,282,312 compared to $145,117 in the prior year, influenced by substantial stock-based compensation and equity write-downs. The CEO expressed optimism regarding upcoming government contracts and participation in an innovation challenge.
US Nuclear (OTCQB: UCLE) has been shortlisted as one of 21 companies from a pool of 350 in the global Charge On Innovation Challenge, aimed at electrifying ultra-class mining trucks. This initiative involves major sponsors like BHP and RioTinto, focusing on reducing diesel consumption and emissions. US Nuclear, along with its partners Grapheton and Solar System Resources, is recognized for its unique solutions using organic vapor phase deposition and advanced supercapacitor technology. The next phase entails high-pressure pitching sessions to present innovative solutions.
US Nuclear Corp. (OTCQB: UCLE) reported a 29.7% increase in sales for the first quarter of 2021, totaling $417,824, compared to $322,239 in the same period of 2020. Gross profit rose 20.9% to $201,172. Selling, general, and administrative expenses decreased by 3.9% to $860,151, primarily due to lower stock-based compensation. However, the company recorded a net loss of $663,561. CEO Robert Goldstein noted a recovery in sales and a growing order backlog, signaling potential for future growth.
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