US Nuclear Corp Files Q1 Financials, Announces Strategic Restructuring and Growth Initiatives

US Nuclear Corp has filed its first quarter financials and expects to submit second quarter financials for review later this week, anticipating resumption of stock trading shortly after completion of the review process. The company has strengthened its financial reporting by adding a staff accountant at the Overhoff facility while implementing a streamlined system to produce audit-ready monthly reports with bi-monthly reviews.

The company has launched Project 2036, a new task force initiative targeting a 20% reduction in monthly expenses while increasing sales by 36% annually, effectively doubling sales every two years. This growth strategy includes expanding the sales team and distributor network, establishing consistent monthly customer outreach through prospect mailings, and participating in trade shows to drive market expansion.

US Nuclear has continued discussions and closed on one transaction with equity partners in company-owned investments in the nuclear fusion sector. The company owns over 600,000 shares in MIFTI, an early-stage company developing a thermonuclear fusion-powered reactor with significant upside potential. Additionally, the company holds over 14% of radionuclide technology company MIFTEC and maintains a 35.2% interest in Grapheton, Inc., a company designing and manufacturing advanced energy storage devices called supercapacitors.

First quarter results were impacted by disruptions caused by the closing of the Los Angeles facility, with shipments packed and transferred to the Overhoff facility in Ohio, along with associated staffing reductions. The company reported a first quarter loss from operations of $523,880, which included a non-cash charge of $451,459 for incentive out-of-the-money warrants for employees and consultants. Adjusted for this charge, the operating loss would have been $72,421, representing a 50% reduction from the $144,429 operating loss reported a year ago.

The company expects to show growth in sales and progress toward profitability by the fourth quarter, with all operations and financial reporting now consolidated at the Overhoff facility. For access to the complete financial details, the first quarter 10-Q filing is available at https://www.sec.gov/Archives/edgar/data/0001343468/000134346825000007/ucle20250331_10q.htm.