US Nuclear Corp (UCLE)

[RonaldWilsonReagan]

US Nuclear Corp Reports Record Third Quarter 2015 Financial Results

LOS ANGELES, CA, Nov 12, 2015 (Marketwired via COMTEX) -- US Nuclear Corp. UCLE, +117.39%

-- Delivers Third Quarter 2015 Sales Revenue of $662,793 compared to
$588,551 for Third Quarter 2014, an Increase of $74,242, or 12.7%


-- Reports Third Quarter 2015 Net Income of $117,902 or $0.01 Per Share
compared to a net income of $13,487 or $0.00 Per Share Over
Third-Quarter 2014


-- Net Sales were $662,793 an increase of 12.7% compared to the prior
year period


-- Gross Margin for the quarter was 50.2% as compared to 49.6% in the
prior year period




US Nuclear Corp. UCLE, +117.39% a leading manufacturer of advanced radiation detection equipment for the nuclear energy industry, scientific laboratories, U.S. military, U.S. Government Agencies, Hospitals, and international nuclear reactor facilities announced financial results for the third quarter ended September 30, 2015.

Commenting on the Company's performance, Robert I. Goldstein, President, CEO and Chairman said, "We demonstrated strong results our recent third quarter due to some large orders being shipped from our Overhoff division. During the quarter we signed a new distribution agreement with Photon Information Technology Inc., an affiliate of NuClover Technology of China. This agreement seeks to increase our footprint in China to deliver our advanced tritium monitors and radiation detection equipment to their expanding nuclear power industry. US Nuclear Corp, "again delivered increased sales and positive earnings per share this quarter," Goldstein continued, "We are working on some new technologies that will help with early warning radiation detection and intend to launch our mobile drone initiative within the fourth quarter which will operate an advanced radiation detector on a drone for domestic government agencies and military uses." "Additionally, we also continue to field requests from large scale organizations for potential new orders and upgrades, while we cannot yet confirm these orders, we are encouraged that there are favorable trends within our markets for our advanced tritium products.


Third Quarter 2015 Highlights

-- Net Sales were $662,793, an increase of 12.7% compared to the prior
year period.
-- Net Income was $117,902 or $0.01 per share compared to $13,487 or
$0.00 per share compared to the prior year period.
-- Gross Profit was $332,846 an increase of 14% compared to $291,991 for
the same period in 2014.
-- Gross Margin for the quarter was 50.2% compared to 49.6% in the prior
year period.
-- Gross Margin for the nine months ended September 30, 2015 was 49.0%
compared to 45.8% for the same period in 2014.
-- Cash position increased to $651,165 or 54% to compared to $422,503 for
the same period in 2014.


Outlook and Commentary

"We continue to make improvements in our efforts to service the developing nuclear industry in China. We believe that China continues to be a leading market for our products based on published growth of nuclear projects," commented, Mr. Goldstein. "Through that effort, we have signed an agreement with Photon Information Technology Inc., an affiliate of NuClover Technology of China, during the third quarter to improve our distribution in China. NuClover is a highly regarded radiation distribution company with a team of experts that know the China-market well. Going forward, we are optimistic that our products, primarily, our advanced tritium radiation monitors and devices will continue to make a favorable impact for us and meet our customer's needs," added Mr. Goldstein.

http://www.marketwatch.com/story/us-nuclear-corp-reports-record-third-quarter-2015-financial-results-2015-11-12?siteid=bigcharts&dist=bigcharts