US Nuclear Announces a Significant Improvement in 3rd Quarter Financials
US NUCLEAR CORP Common stock (UCLE)
NASDAQ:AMEX Investor Relations:
usnuclearcorp.com/investor-relations
Company Research
Source: GlobeNewswire
LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTC: UCLE) is pleased to announce they have made significant progress in reducing current liabilities by over $3 million in the 3rd quarter, while projecting a swing in profitability of over $1 million from the 3rd quarter of 2023. Results will be released with the 3rd quarter results later this month. In conjunction with these efforts, the Company has increased pricing by 5.5% effective this month, and has begun a cost reduction program to reduce expenses 15%, or $100k per quarter in order to facilitate the road back to profitability. Chamberlain Capital Partners have been retained to assist in these efforts by raising additional capital to fund the increased level of sales, and introduce marketing programs which will educate potential customers about the 50-year history of the Company in the nuclear-monitoring space. New initiatives will introduce monitoring devices that can identify and monitor the worst emitters
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