SOURCE: US Nuclear Corp.

US Nuclear Corp.

May 04, 2016 07:00 ET

US Nuclear Corp. Reports Profitable 2015 Annual Results and Announces Significant New Order

LOS ANGELES, CA--(Marketwired - May 4, 2016) - US Nuclear Corp. (OTCBB: UCLE)

  • Delivers total 2015 Sales Revenue of $2,652,878 compared to $1,637,100 for the previous year, an increase of 62%
  • Net-income for 2015 was $399,416, compared to a net-loss of $321,505 the previous year, a net increase of $720,921
  • Earnings per share increased to $0.03 from ($0.03) the previous year
  • US Nuclear Corp. continues to gain momentum after a strong year in 2015

US Nuclear Corp. (OTCBB: UCLE), a leading manufacturer of advanced radiation detection instrumentation, announced profitable results for the year ended December 31, 2015. 

"We started off strong in 2015 and kept up the momentum throughout the entire year, as demonstrated by our vigorous increase in sales revenue and earnings per share," said Robert I Goldstein, President, CEO, and Chairman of US Nuclear Corp. "The increase in sales revenue and earnings can be attributed to our market penetration in China through the help of our new representative, as well as starting to deliver on the new cycle of upgrades from existing customers that we previously predicted. The recognition and quality of our tritium monitors has allowed us to capture new opportunities in the rising nuclear power and research sectors, while continuing to service our world-wide base of existing customers. Furthermore, our unique water monitoring instrumentation continues to retain advantage in the marketplace and gain traction as regulations for safe drinking/effluent water tighten." 

In related news, US Nuclear Corp. recently received a new order totaling $235,000 from our representative in Canada, Radiation Measurement Systems (RMS), in April 2016 for portable tritium in air monitors. To meet current and future electricity needs, the Canadian government has invested several billion dollars towards extending the operating life of a number of reactors through refurbishment, and as one of the original suppliers, US Nuclear Corp./RMS are well positioned to meet future requirements as they arise. 

2015 Annual Highlights

  • Net Sales were $2,652,878, an increase of 62% compared to the previous year
  • Net Income was $399,416 or $0.03 per share as compared to a net-loss of $321,505 or ($0.03) per share the previous year
  • Gross Profit was $1,406,696 compared to $732,226 the previous year, an increase of 92%
  • Gross Margin for 2015 was 53% as compared to 45% the previous year
  • General and administrative expense decreased by 5.3%

               
    Year Ended December 31,       Change  
    2015       2014       $     %  
                             
Sales $ 2,652,878     $ 1,637,100     $ 1,015,778     62.0 %
Cost of goods sold   1,246,182       904,874       341,308     37.7 %
Gross profit   1,406,696       732,226       674,470     92.1 %
Selling, general and administrative expenses   982,390       1,036,892       (54,502 )   -5.3 %
Gain (loss) from operations   424,306       (304,666 )     728,972     239.3 %
Other expense   (24,890 )     (16,839 )     (8,051 )   47.8 %
Gain (loss) before provision for income taxes   399,416       (321,505 )     720,921     224.2 %
Provision for income taxes   -       -       -        
Net income $ 399,416     $ (321,505 )   $ 720,921     224.2 %
                             

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 Information

  • CONTACT:
    US Nuclear Corp.
    Robert I. Goldstein
    President, CEO, and Chairman
    Rachel Boulds
    Chief Financial Officer
    (818) 883 7043