US Nuclear Corp (OTC: UCLE) reported a third-quarter profit and a $1.1 million reduction in total liabilities compared to a year ago, according to its recently filed 10Q. The company also projected a nearly 50% increase in revenues by 2026, driven by new marketing initiatives and cost reductions. The company has resumed trading in its common stock and commenced work on its 2025 10K with new auditors Simon & Edward, LLP.
CEO Bob Goldstein highlighted ongoing efforts to reduce selling, general, and administrative expenses by as much as $40,000 per month while adding experienced sales representatives and distributors to service a growing customer base. The company is launching marketing initiatives next week, branding US Nuclear and Overhoff Technology as the “Safe Energy Sentinels” for a new energy future.
Goldstein stated the company will contact its entire customer base to encourage replacement of monitors older than 10 years with new models featuring expanded capabilities. Volume pricing starts with as few as four units and includes three-year warranties with free annual calibration. Marketing efforts will target end-users, local police, fire departments, first responders, and government agencies. Goldstein believes these initiatives could potentially double sales over the next 18-24 months, with record profits.
In the coming weeks, US Nuclear plans to announce discussions with well-known drone companies to mount its products on drones for monitoring reactor sites, accident and spill sites, and legacy oil and gas fields with abandoned wells emitting methane and other gases. Methane is 100 times more harmful to the environment than carbon dioxide, Goldstein noted.
The company’s financial improvements and strategic initiatives underscore its commitment to growth and profitability in the nuclear safety and environmental monitoring sectors. The forward-looking statements in the press release involve risks and uncertainties, including macroeconomic changes and market demand, as detailed in the company’s Form 10K available at US Nuclear Corp 10K.
