US Nuclear Corp. Announces Second Quarter 2020 Results

Los Angeles, CA. September 24, 2020 – US Nuclear Corp. (OTC: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, recently announced the financial results for the second quarter ended June 30, 2020.

• • Sales for the three months ended June 30, 2020, were $302,201 compared to $1,530,523 for the same period in 2019
  • Decrease in sales due to the impact of COVID-19 on the company and customers
  • Overhoff operating branch was temporarily closed 3 months to allow employees to safely isolate themselves at home
  • Employee work hours reduced by half to help mitigate COVID-19 exposure and transmission
  • Selling, general, and administrative expense were $346,203 compared to $1,246,309 for the same period in 2019, the decrease of $900,106 or 72.2% was due to careful money management and lower stock-based compensation
  • Net loss of $145,117 due to impact of COVID-19
  • $841,000 available cash in the bank with approximately $850,000 of backlogged orders

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