US Nuclear Corp. Announces Annual 2022 Financial Results
- Comments Off on US Nuclear Corp. Announces Annual 2022 Financial Results
- by usnuclearadmin
US Nuclear Corp. Announces Annual 2022 Financial Results
Los Angeles, CA. May 15, 2023 - US Nuclear Corp. (OTC-QB: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and smart UAV instrumentation, announced the annual results for the year ending December 31, 2022.
2022 Annual Highlights
- Total sales revenue of $2,091,366 compared to $2,137,607 the previous year
- A minor decrease in revenue indicative of economic conditions as revenue across all subsidiaries post-Coronavirus pandemic remains constant
- Growth was slow in 2022 due to political and economic uncertainties
- Decreased Selling and General Administrative expenses by $454,742 or 19.1% through a reduction in payroll costs
- Important new products were added for monitoring chemical and biological hazards, plus new hazmat sensors for drone line