Press Releases For Month: April 2018
US Nuclear Corp. Announces 2017 Annual Financial Results
US Nuclear Receives New Orders for Replacing Competitor Equipment US Nuclear Corp is a radiation detection holding company specializing in the development & manufacturing of radiation detection instrumentation. US Nuclear Expansion in China

US Nuclear Corp. Announces 2017 Annual Financial Results

 

Los Angeles, CA. April 19, 2018 - US Nuclear Corp. (OTCBB: UCLE)

2017 Annual Highlights

  • Total sales revenue of $3,070,646 , an increase of 46.4% compared to the previous year
  • Gross profit for 2017 was $1,344,913, an increase of 72% compared to the previous year
  • Profitable net income of $10,130
  • Gross margin increased to 43.8% as compared to 36.9% the previous year
  • General and administrative expense increased by 17.2% due to costs in developing and marketing new products, specifically the Drone-RAD UAV line 

 “We’re thrilled to report on a successful year in 2017 with total sales revenue growth of 46.4%,” commented Robert Goldstein, CEO of US Nuclear Corp. “The increase in revenue was due to robust sales of our signature air monitors to nuclear power plants in addition to the popular demand of our tritium air monitors, which included a large contract with the USAF.  Gross margin is increasing as we finish R&D on several new products that are being brought to the market.  Overall, 2017 was a very strong year for us, but we are not at our full manufacturing capacity yet and will focus our efforts in 2018 to increase volume even further by capturing more of the global tritium monitor market, focusing on business from new power plant and fusion development, and introducing our new products mentioned above.” 

 

About US Nuclear Corp.

US Nuclear Corp is a fully-reporting, publicly traded company on the Over-the-Counter Bulletin Board, traded under the ticker symbol UCLE. The Company's operations are principally engaged through its subsidiaries, operating two leading nuclear radiation detection companies, Overhoff Technology Corp. and Optron Scientific Company Inc. The Company designs, manufactures and markets branded, full line radiation detection and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally to customers such as United States Government Agencies, the U.S. Military, Homeland Security, Scientific Laboratories, Universities, Hospitals, nuclear reactor facilities in the United States, China, Canada, South Korea, Argentina, Russia and others.

 

Safe Harbor Act

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (OTCBB: UCLE)

Robert I. Goldstein, President, CEO, and Chairman

Rachel Boulds, Chief Financial Officer

(818) 883 7043

Email: info@usnuclearcorp.com

 

 

 ____________________________

To learn more about us visit our about or Facebook page.

US Nuclear Corp. Completes Final Shipment for U.S. Air Force Contract
US Nuclear Receives New Orders for Replacing Competitor Equipment US Nuclear Corp is a radiation detection holding company specializing in the development & manufacturing of radiation detection instrumentation. US Nuclear Expansion in China

US Nuclear Corp. Completes Final Shipment for U.S. Air Force Contract

| Source: US Nuclear Corp.

 
 Los Angeles, CA, April 09, 2018 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTCBB: UCLE) recently completed the final shipment of portable tritium in air monitors to the U.S. Air Force.  The total contract of $722,500 was for (100) portable tritium monitors total and partial shipments of (15) units were delivered every month until the quota was met. 

Robert Goldstein, CEO of US Nuclear, commented, “We are extremely pleased to have completed the final shipment of tritium monitors to the USAF on-time, according to schedule.  We were able to successfully handle production of the large number of units without any issues.  We hope that the USAF and other government agencies will continue to purchase from us in the future when they require any additional tritium monitoring equipment.  Furthermore, we can use this success in negotiating for future government contracts.” 

Tritium monitors are an important part in U.S./NATO military and government readiness, security, and safety. 

Safe Harbor Act
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT: US Nuclear Corp. (OTCBB: UCLE)

Robert I. Goldstein, President, CEO, and Chairman

Rachel Boulds, Chief Financial Officer

(818) 883 7043

Email: info@usnuclearcorp.com

via GlobeNewswire

About US Nuclear Corp.

U.S. Nuclear Corp is a radiation detection holding company specializing in the development and manufacturing of radiation detection instrumentation. Through three operating divisions (Technical Associates (TA), Overhoff Technology (OTC), and Electronic Control Concepts (ECC), U.S. Nuclear Corp. harbors more than 100 years of combined experience in supplying top of the line instrumentation to any industry utilizing radionuclides. This includes nuclear power plants, national laboratories, government agencies, homeland security, military, universities and schools, research companies, hospitals, medical and dental centers, energy companies, weapons facilities, first responders, local governments, and manufacturing plants.

For more information about U.S. Nuclear Corp., please visit: www.usnuclearcorp.com

 

 ____________________________

To learn more about us visit our about or Facebook page.