US Nuclear Corporation Reports 1.8% Decline in Annual Sales, Net Loss Narrows by 49.3%

Reuters
06/25
US Nuclear Corporation Reports 1.8% Decline in Annual Sales, Net Loss Narrows by 49.3%

US Nuclear Corporation has reported its financial results for the fiscal year ending December 31, 2024. The company's revenue for 2024 was $2.19 million, representing a slight decrease of 1.8% from $2.23 million in 2023, a change attributed by management to political and economic uncertainties. Despite this decrease in sales, the company experienced an increase in gross profit, which rose by 9.9% to $1.02 million, up from $0.92 million in the previous year. This rise in gross profit is due to a favorable mix of products sold during the period. The net loss for US Nuclear Corporation narrowed significantly, with the company reporting a loss of $1.74 million, compared to a loss of $3.43 million in 2023, a reduction of 49.3%. The decrease in the net loss is partly due to a significant reduction in other expenses, which fell by 88.6% to $0.20 million from $1.79 million the previous year, primarily due to lower interest and dividend expenses. Selling, general, and administrative expenses saw a slight decrease of 0.6% to $2.55 million from $2.57 million, largely attributed to a reduction in payroll benefits. The company's gross margin improved to 46.37% in 2024, up from 41.43% in 2023. No specific outlook or guidance was provided for the upcoming fiscal period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. US Nuclear Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-057524), on June 25, 2025, and is solely responsible for the information contained therein.

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