US Nuclear Corp (OTC: UCLE) has filed its 10Q for the first quarter of 2026, revealing a 72% reduction in loss from operations compared to the same period in 2025. The company reported a decrease of over $375,000 in operating losses, a significant improvement that underscores its efforts to streamline operations and enhance financial performance. The filing, available through the Securities and Exchange Commission, highlights the company's progress despite recent reporting delays.
The delay in filing the 10Q stemmed from issues surrounding the release of the 2025 10K, which was not filed until June 2026. According to CFO Michael Hastings, the closure of the Los Angeles operation led to the loss of key personnel, making it difficult to retrieve financial data. Additionally, the company replaced some staff at its Overhoff subsidiary and implemented recommendations from a new auditor, which took time to integrate. These factors caused the first-quarter financial close and review process to take about four months, far exceeding the standard 45-day window. The second-quarter filing is also delayed, but the company is actively working with its internal team and independent auditors to finalize it as quickly as possible. Trading of the company's stock will resume after the release of the third-quarter results, projected for the first week of December.
Despite these challenges, US Nuclear has taken several strategic steps that management believes will make 2027 a record year. In June, the company engaged a skilled General Manager/COO who has been streamlining logistics, clearing backlogs, and accelerating product and service delivery. This has improved the working capital cycle and contributed to a growing backlog, which currently stands at $1.2 million and is expected to reach $2.9 million by year-end. Furthermore, the company is interviewing outsourced CPA firms to ensure accurate and timely financial reporting, with onboarding expected to occur imminently.
The company is also focusing on revitalizing its TA/Optron product line, which was previously built in Los Angeles. Under the GM's direction, four college interns are conducting a full marketing and product analysis, with plans to re-launch the products in January 2027. This initiative is projected to add $600,000 in revenues in 2027. Additionally, US Nuclear has started discussions with other companies regarding potential joint ventures, a possible sale, or a reverse merger to go public. Management expects sales and profits to increase 20-30% in 2027, with sales doubling by 2028, or significantly higher if a transaction is completed.
For detailed financial information, refer to the US Nuclear Form 10Q_March 31, 2026, and for annual context, see the US Nuclear Form 10K_December 31, 2025. The original release is available on www.newmediawire.com.
