US NUCLEAR CORP.
US Nuclear Corp. filed its 10-Q for the quarter ended March 31, 2026. Revenue declined 26.1% YoY to $352,209, gross margin compressed from 73.2% to 44.0%, and the company posted a net loss of $187,086. The accumulated deficit reached $21.4 million with a shareholders' deficit of $740,071. Cash fell to $67,318 from $134,779 at year-end. The company again disclosed substantial doubt about its ability to continue as a going concern and stated plans to seek additional capital through loans, notes, and private placements.
- Revenue fell 26.1% YoY to $352,209, driven by a $135,369 sales decline at the Overhoff subsidiary.
- Gross margin collapsed to 44.0% from 73.2% YoY due to higher indirect labor costs and unfavorable product mix shift.
- Net loss was $187,086, improved from $560,232 YoY, but SG&A cuts of $571,899 drove the narrowing.
- Accumulated deficit reached $21.4M with shareholders' deficit of $740,071; cash dropped to $67,318 from $134,779.
- Auditors raise substantial doubt about going concern; company plans to seek loans, notes, and private placements.
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A micro-cap with $352K quarterly revenue, negative gross margin trajectory, and a $21.4M accumulated deficit is running on fumes — the next capital raise will determine survival.
Micro-cap OTC radiation-detection company with sub-$1M quarterly revenue. The divestiture of Cali From Above to the CEO for 65M AVRI shares (26% stake) suggests asset shuffling rather than organic growth. Gross margin compression from 73% to 44% signals deteriorating pricing power or operational ine
Going concern warning: $187,086 quarterly net loss and $21.4M accumulated deficit raise substantial doubt about the company's ability to continue. Cash halved to $67,318 in one quarter. The company is dependent on raising additional debt or equity financing with no assurance of success.
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