LOS ANGELES, CA — (Marketwired) — 08/22/16 — US Nuclear Corp. (OTCBB: UCLE)
Sales revenue for the second quarter was $645,523
Gross profit was $325,853 for the three months ended June 30, 2016
Gross margins were 50.5% as compared to 46.5% for the same period in 2015
Net income for the second quarter was $85,039
Substantial back-log of orders projected to ship during the third and fourth quarters of 2016
US Nuclear Corp. (OTCBB: UCLE), a leading manufacturer of advanced radiation detection instrumentation, recently announced profitable financial results for the second quarter ended June 30, 2016.
“We are pleased to announce profitable second quarter results that reflect a strong customer demand in our tritium monitoring products,” commented Robert I. Goldstein, President, CEO, and Chairman of US Nuclear Corp.
“We continue to add significant orders to our back-log, thus ensuring a highly productive third and fourth quarter where these orders are projected to ship. Furthermore, we have solidified our position as the forefront commercial supplier of radiation sniffing drones, working with nuclear power plants and the FAA to determine the specific regulations for this emerging market which will drive growth for us. We also experienced a significant increase in demand for our unique tritium water monitors, for both fresh water and sea water, which we expect is a result of regulations tightening world-wide on drinking water quality, and increased incidences of tritium found to be leaking into groundwater, or in the case of Fukushima, releasing the tritiated water into the ocean.”
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.
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 , or the company–s website at
US Nuclear Corp.
Robert I. Goldstein
President, CEO, and Chairman
Rachel Boulds
Chief Financial Officer
(818) 883 7043
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