US Nuclear Announces a Significant Improvement in 3rd Quarter Financials
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) riporta significativi miglioramenti finanziari nel terzo trimestre, inclusa una riduzione di 3 milioni di dollari delle passività correnti e proietta un cambio di redditività di 1 milione di dollari rispetto al terzo trimestre del 2023. L'azienda ha implementato un aumento dei prezzi del 5,5% e avviato un programma di riduzione dei costi mirato a 15% (100k dollari a trimestre) di tagli delle spese. Hanno stretto una partnership con Chamberlain Capital Partners per iniziative di raccolta di capitali e marketing. I piani futuri includono il lancio di dispositivi di monitoraggio per le emissioni di metano e CO2 da pozzi di petrolio non coperti e sistemi di monitoraggio chimico per PFAS nel 2025.
US Nuclear Corp. (OTC: UCLE) informa sobre mejoras financieras significativas en el tercer trimestre, incluida una reducción de 3 millones de dólares en pasivos corrientes y proyectando un cambio de rentabilidad de 1 millón de dólares en comparación con el tercer trimestre de 2023. La empresa implementó un aumento de precios del 5.5% y lanzó un programa de reducción de costos dirigido a reducciones de gastos del 15% (100k dólares por trimestre). Se han asociado con Chamberlain Capital Partners para iniciativas de recaudación de capital y marketing. Los planes futuros incluyen el lanzamiento de dispositivos de monitoreo para las emisiones de metano y CO2 de pozos de petróleo sin tapar y sistemas de monitoreo químico para PFAS en 2025.
US Nuclear Corp. (OTC: UCLE)는 3분기에 큰 재정 개선을 보고하며, 현재 부채 300만 달러 감소와 2023년 3분기 대비 100만 달러의 수익 전환을 전망합니다. 이 회사는 5.5%의 가격 인상을 시행하고 15% (분기당 10만 달러)의 비용 절감을 목표로 하는 비용 절감 프로그램을 시작했습니다. 그들은 자본 조달 및 마케팅 이니셔티브를 위해 Chamberlain Capital Partners와 협력했습니다. 향후 계획에는 캡이 없는 유정에서의 메탄 및 CO2 배출 모니터링 장치와 2025년 PFAS 화학물질 모니터링 시스템이 포함됩니다.
US Nuclear Corp. (OTC: UCLE) fait état d'améliorations financières significatives au troisième trimestre, y compris une réduction de 3 millions de dollars des passifs courants et prévoit un changement de rentabilité de 1 million de dollars par rapport au troisième trimestre 2023. L'entreprise a mis en œuvre une augmentation de prix de 5,5% et lancé un programme de réduction des coûts ciblant 15% (100k dollars par trimestre) de réduction des dépenses. Ils se sont associés à Chamberlain Capital Partners pour des initiatives de levée de fonds et de marketing. Les plans futurs incluent le lancement de dispositifs de surveillance pour les émissions de méthane et de CO2 provenant de puits de pétrole non bouchés, ainsi que des systèmes de surveillance des produits chimiques PFAS en 2025.
US Nuclear Corp. (OTC: UCLE) berichtet über signifikante finanzielle Verbesserungen im dritten Quartal, einschließlich einer Reduzierung der kurzfristigen Verbindlichkeiten um 3 Millionen Dollar und prognostiziert einen Gewinnsprung von 1 Million Dollar im Vergleich zum dritten Quartal 2023. Das Unternehmen hat eine Preiserhöhung von 5,5% umgesetzt und ein Kostenreduzierungsprogramm gestartet, das auf 15% (100k Dollar pro Quartal) Einsparungen bei den Ausgaben abzielt. Sie haben sich mit Chamberlain Capital Partners zusammengeschlossen, um Kapital raising und Marketinginitiativen durchzuführen. Zukünftige Pläne umfassen die Einführung von Überwachungsgeräten für Methan- und CO2-Emissionen von ungebundenen Ölfeldern sowie Systeme zur Überwachung von PFAS-Chemikalien im Jahr 2025.
- Reduced current liabilities by $3 million in Q3
- Projects $1 million improvement in profitability vs Q3 2023
- Implemented 5.5% price increase
- Initiated cost reduction program targeting $100k quarterly savings
- Secured partnership with Chamberlain Capital Partners for funding
- Requires additional capital raising to fund operations
- Current cost structure necessitates significant expense reduction program
LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTC: UCLE) is pleased to announce they have made significant progress in reducing current liabilities by over
In conjunction with these efforts, the Company has increased pricing by
Chamberlain Capital Partners have been retained to assist in these efforts by raising additional capital to fund the increased level of sales, and introduce marketing programs which will educate potential customers about the 50-year history of the Company in the nuclear-monitoring space. New initiatives will introduce monitoring devices that can identify and monitor the worst emitters of methane and carbon dioxide from the population of 5 million uncapped and abandoned oil wells in the US.
In 2025 the Company will introduce monitors to monitor the level of PFAS “forever chemicals,” a health threat area estimated to be many times larger than those created by both asbestos and tobacco combined.
For sales and product information call Bob Goldstein at (818) 472-7071, or email Mark Kohn at mark.kohn@usnuclear.com. For Investor information call Jack Lennon at Chamberlain Capital (508) 360-8407 or jjlennon@comcast.net.
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