Huge Earnings beat- detailed below. LOS ANGELES, CA, Sept. 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- US Nuclear Corp. (UCLE)
Sales for the three months ended June 30, 2019 were $1,530,523, an increase of $968,995 or 172% as compared to the same period in 2018 Gross profit was $785,933 compared to $287,799 for the same period in 2018, an increase of 173% Cash increased from $969,118 to $1,393,915 for the six months ended June 30, 2019 Stock based compensation was $804,131 compared to $328,320 during the same period in 2018 Net loss from operations ($466,019) due to stock-based compensation as the company acquires new partnerships, technology, sales and marketing consultants, and other services to facilitate company growth US Nuclear Corp., a leading manufacturer and seller of advanced radiation and chemical detection instrumentation, recently announced the financial results for the second quarter ended June 30, 2019.
“We had a very successful and productive second quarter in 2019. Key metrics are increasing, with sales revenue up 172% from the same period last year,” commented Robert I. Goldstein, President, CEO, and Chairman of US Nuclear Corp. “Leaving out the stock-based compensation, our business operation had a dollar profit of $338,112, which is the main reason for the cash increase of $424,797. The increase in sales revenue can be attributed to strong sales growth of our signature products, including: air quality monitors, tritium monitors, and forensic drones. Being first to market with our scientific drones allowed us to establish ourselves at the forefront of this fast-growing industry and we look forward to capitalizing on our momentum.”