US Nuclear Announces Third Quarter Financial Results and Launch of New Marketing Initiatives

LOS ANGELES, December 4, 2024 (GLOBE NEWSWIRE) — US Nuclear Corp. (OTC: UCLE) is pleased to announce that on 3^rd the 2024 quarter loss was reduced to $110,971 from $760,062 in 2023, an 89% reduction. For the nine-month period, losses were reduced from $2,296,114 in 2023 to $728,320 in 2024, a reduction of $1,567,794, or 68%.

“This progress toward profitability is just the beginning,” said Bob Goldstein, CEO of US Nuclear. “We are working to reduce our operating expenses by 20%, while increasing our sales by 20% or more! »

Income for 3^rd quarter were $610,864, an improvement of $17,362 over 2023 revenues of $593,502. For the nine-month period, 2024 revenues totaled $1,741,182, an improvement of 9.6% over 2023 nine-month revenues of $1,588,009.

Current liabilities for 3^rd quarter 2024 was $2,412,805, a reduction of $2,426,690, or 50% compared to the end of 2023.

“We are setting aggressive sales goals for our sales professionals for the coming year,” Mr. Goldstein said. “We will first focus on our nuclear monitoring product line, and we are working on assembling packages that will include all the monitoring devices needed to protect a facility. We will market this line not only to nuclear suppliers and future, but also with firefighters, police, paramedics and government and regulatory agencies. Our list of current contacts and clients is quite extensive and we look forward to an exciting year ahead for the Company! “

For sales and product information, call Bob Goldstein at (818) 472-7071 or email Mark Kohn at [email protected]. For more investor information, call Jack Lennon at Chamberlain Capital (508) 360-8407 or [email protected]