US NUCLEAR CORP. SEC 10-Q Report

US NUCLEAR CORP., a leading provider of radiation and tritium monitoring solutions, has released its Form 10-Q report for the first quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both challenges and strategic initiatives in the nuclear technology and clean energy sectors.

Financial Highlights

• Sales: $476,705, reflecting a decrease of 24.1% compared to the same period in 2024 due to a decrease in sales from the Overhoff subsidiary.
• Gross Profit: $348,917, representing a slight decrease of 1.4% from the previous year, with gross margins improving to 73.19% due to a favorable mix of products sold.
• Loss from operations: $(523,880), an increase in loss by 262.7% compared to the same period in 2024, primarily due to increased stock-based compensation expenses.
• Net loss: $(560,232), a significant increase in net loss by 245.9% from the previous year, driven by higher operating expenses and increased amortization of debt discounts.
• Loss per share - basic and diluted: $(0.01), reflecting the increased net loss attributed to common stockholders.

Business Highlights

• Revenue Segments: The company operates through two main segments: Optron and Overhoff. Optron focuses on radiation monitors, while Overhoff specializes in tritium monitors. For the three months ended March 31, 2025, Optron contributed $86,217 in sales, and Overhoff contributed $390,488.
• Geographical Performance: The majority of sales were concentrated in North America, accounting for 93.64% of total sales. Asia, including Japan, contributed 5.23%, and other regions accounted for 1.13%.
• Sales Units: There was a notable increase in business from the Technical Associates division, with a 49% increase compared to the same period in 2024, driven by an expansion of the international customer base.
• Operational Challenges: The company experienced a decrease in sales from the Overhoff subsidiary, which was offset by an increase in sales from the Optron subsidiary. This reflects a shift in the product mix and services sold during the period.
• Future Outlook: The company anticipates needing approximately $5,000,000 in additional capital to fund its business plans over the next twelve months. It aims to expand its international presence, particularly in South Korea and China, as nuclear technology and clean energy development grow abroad.
• Operational Strategy: The company plans to diversify its product line to offer a broader range of options to customers, enhancing competitiveness in the intensely competitive market.
• Customer Concentration: During the reporting period, two customers accounted for 29% and 35% of the company's sales, highlighting a reliance on key customer relationships.
• Facility Leasing: The company leases its facilities from Gold Team Inc., owned by the CEO, with a forbearance agreement in place until July 1, 2025, indicating a strategic relationship with related parties.

SEC Filing: US NUCLEAR CORP. [ UCLE ] - 10-Q - Aug. 22, 2025