US Nuclear (UCLE) at LD Micro Today: Radiation Detecting Drones

 

Equities Research |
The LD Micro Invitational Conference kicked off yesterday, with Equities.com CEO Enzo Villani giving a keynote address and discussing our new flat monthly rate trading platform. 100 microcap companies will be making 30-minutes presentations throughout today, with another 70 companies slotted for tomorrow.

We've been following a company presenting later this afternoon called US Nuclear Corp (UCLE) that manufactures advanced radiation detection instrumentation. The most recent product development is DroneRad - the incorporation of radiation and chemical sensors with drone mounted platforms to serve a variety of industries. The company has a strategic partnership with FlyCam UAV, announced last fall, that incorporates FlyCam UAV's Cypher 6, a commercial-grade hexacopter, and The NEO, an all-weather commercial co-axial octocopter, with US Nuclear Corp’s DroneRad aerial radiation detection system.

DroneRad detects particles that contain alpha, beta, gamma and neutron radiation. A gas collection option tests for the presence of chlorine, biological particulates, and aerosols such as anthrax and nerve gas, making DroneRad suitable for radiological, chemical and biological detection missions. Future upgrades to the DroneSensor package will detect methane and diesel fumes.to provides a comprehensive package that flies in all-weather, heavy winds, and with a heavy payload. This provides the opportunity to fly multiple sensors at one time with real-time wireless download.

US Nuclear reported revenues of $725,000 in Q1 2017, a 187% increase year-over-year, with gross profit of $355,000 and net income of $91,000. The company, headquartered in Canoga Park, California, opened a new office in Beijing during Q1. CEO Robert Goldstein stated, "Technicians and product support specialists for our new office in China completed factory training earlier this year. We have already begun to see an increase in business in China as we are now able to communicate directly and more efficiently and offer local service/support to our customers."

Mr. Goldstein is a physicist and an award winning specialist in the nuclear radiation detection industry with more than 40 years of experience in the field. He works closely in ongoing joint development programs with Los Alamos National Lab and Jefferson National Lab. An innovator and inventor, his experience in the field of radiation measurement, detection, and monitoring includes design and development of instrumentation for air, water and surface applications. Miniature radiation detectors for use during surgery are just a sample of his many inventions and innovative designs. He graduated from MIT with a BS in Physics and has an MS in Engineering from Stanford.

The stock trades very thinly (11,300 shares over the past month) on the Pink Open Market segment of the OTC Market - which is going to leave it vulnerable to big swings like today - but it is fully reporting and current with the SEC. We've reviewed the recent 10-K for 2016 and 10-Q for the first quarter of 2017, and we see a company growing revenue and expanding to the key Chinese market that is burdened with the discount often associated with non-exchange-listed stocks. Investors who can tolerate the volatility and illiquidity may wish to follow this company along with us.

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