US Nuclear Corp (OTC: UCLE) has announced a remarkable 55% surge in Overhoff Technology’s gross profit, reaching nearly $1.2 million on revenues exceeding $2 million, which constitutes 93% of total sales. This financial uptick is attributed to the recent migration of manufacturing and production to the Overhoff Technology facility in Milford, OH, a move that has streamlined operations and reduced overhead costs significantly.
Nikki Truax, Director of Operations for the combined entities, emphasized the positive impact of consolidating manufacturing under one roof, noting monthly increases in revenues and profitability. The company is optimistic about achieving over 50% revenue growth in the next twelve months, with profitability expected as early as the third or fourth quarter of this year.
President Mr. Goldstein revealed advanced discussions regarding a potential merger or acquisition with a profitable company in the irradiation sector, underscoring the importance of streamlined operations and maximized cash flow to seize such opportunities. Additionally, US Nuclear is enhancing its financial reporting capabilities through key staff additions and software integrations, aiming for an uplist of its common stock following the resumption of trading.
The company’s strategic investments in the nuclear fission and fusion space, including a stake in MIFTI and MIFTEC, alongside a 35.2% interest in Grapheton, Inc., signal confidence in the future value of these ventures. US Nuclear’s expertise in radiation and tritium measurement, coupled with efforts to address PFAS chemical testing, positions it as a leader in its field. The consolidation of product lines and sales efforts is expected to significantly enhance the effectiveness of its sales and marketing strategies.
For further details on US Nuclear’s financials and product offerings, interested parties can access the 2024 Form 10K via the provided link: UCLE_2024 Form 10K.
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