US Nuclear Corp (OTC: UCLE) has reported a 72% reduction in its loss from operations for the first quarter of 2026 compared to the same period last year, according to its recently filed quarterly report. The company reduced its operating loss by over $375,000, a significant improvement that management believes sets the stage for a record year in 2027. The filing, available in the US Nuclear Form 10Q_March 31, 2026, comes after delays that pushed the release of the 2025 annual report to June, which in turn delayed subsequent quarterly filings. The company expects to file its second-quarter report within the next three to four weeks, with stock trading resuming after the third-quarter release, projected for early December.
CFO Michael Hastings attributed the delays to the closure of the Los Angeles operation, which resulted in the loss of key personnel and made retrieving financial data more difficult. The company also replaced some staff at its Overhoff subsidiary. "Things are finally falling into place," Hastings said, noting that the new auditor's recommendations are being implemented to make reporting faster and more efficient. The first-quarter close and review process took about four months, far exceeding the 45-day window, but the company is working diligently to finalize the second-quarter filing.
Several operational improvements are underway. In June, US Nuclear engaged a skilled General Manager/COO who is streamlining logistics, clearing backlogs, and accelerating product delivery. The company's backlog has grown to $1.2 million and is expected to reach $2.9 million by year-end. Additionally, US Nuclear is interviewing outsourced CPA firms to ensure timely and accurate financial reporting, with onboarding expected soon.
The GM is also leveraging four college interns to conduct a full marketing and product analysis of the TA/Optron product line, which was previously built in Los Angeles. The goal is to relaunch these products in January 2027, potentially adding $600,000 in revenues that year. Furthermore, the company has initiated discussions with other firms regarding potential joint ventures, a sale of the company, or a reverse merger to go public. Management projects sales and profits to increase 20-30% in 2027, with sales doubling by 2028, or significantly higher if a transaction is completed.
These developments are detailed in the company's annual report, the US Nuclear Form 10K_December 31, 2025. Investors and stakeholders can view the original press release on www.newmediawire.com. The company's ability to sustain this momentum hinges on resolving its reporting delays and executing its growth strategies, which could position it for a strong financial turnaround.
