US Nuclear 2020 Year-End Shareholder Letter
LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 / US Nuclear Corp. (OTCQB:UCLE)
Dear US Nuclear Corp. Shareholders,
The very challenging year of 2020 has finally come to an end and our hearts and prayers go out to all COVID-19 victims, families, and friends. After such a tumultuous year for everyone, it is only appropriate to give you an update on US Nuclear’s operations and strategic goals moving forward.
COVID-19 restrictions, precautions, and confusion caused a stall in US Nuclear Corp’s manufacturing process, which in turn, caused significantly lower revenues than our 2018 & 2019 levels. During this period, in order to protect our workers, we reduced the number of working staff, rotated work schedules, and hoarded our cash-on-hand. As with many other companies, US Nuclear has office personnel working partially or entirely at home, but we are manufacturers and much of our work is done in our Los Angeles and Cincinnati plants. We have been solely focused on returning our operations and sales to full normality, whether our employees are working in-office or from home. Towards the end of Q4 2020, bookings and quote requests were increasing, so we are expecting 2021 to be a cash-positive growth year.