US Nuclear Corp Replaces Audit Firm and Reports Significant Debt Reduction
US Nuclear Corp has replaced its audit firm with Simon & Edward LLP while reducing third-quarter debt by nearly $800,000, signaling financial restructuring efforts amid anticipated profitability.
US Nuclear Corp (OTC: UCLE) has replaced its audit firm Fruci & Associates II, PLLC, with Simon & Edward LLP, effective October 29, 2025. This change comes as the company reports reducing its third-quarter debt by close to $800,000, marking a significant step in its financial restructuring. The announcement highlights ongoing efforts to strengthen the balance sheet and streamline operations.
Nikki Truax, Director of Operations of Overhoff Technology, the main manufacturing and sales operation for US Nuclear, emphasized the company's commitment to cost reduction. "We are still working to cut our overall expenses by an additional 20-30% by the end of December, while continuing to reduce debt and strengthen the Balance Sheet," said Mrs. Truax. These measures are part of a broader strategy to improve financial stability and operational efficiency.
In addition to financial adjustments, US Nuclear is expanding its sales team to support growing customer demand. The company is actively seeking to hire an experienced VP of Sales, along with sales representatives and distributors. This expansion aims to enhance service capabilities and capitalize on market opportunities. For more details on the company's initiatives, visit https://www.usnuclearcorp.com.
Mrs. Truax expressed optimism about the company's financial outlook, stating, "As we previously stated, we anticipate our 3rd quarter results to be profitable, and we're looking for a profitable year ahead!" This positive forecast underscores the potential impact of the recent changes on US Nuclear's performance. The combination of audit firm replacement, debt reduction, and strategic hiring reflects a comprehensive approach to navigating current challenges and positioning for future growth.