Measuring & Controlling Devices, NECIFRS · EUR

Us Nuclear Corp.

US Nuclear Corp. is a U.S.-based manufacturer and distributor of radiation detection, tritium monitoring, and related nuclear instrumentation products. Its business serves nuclear power, research, industrial, and clean-energy applications through operating units including Overhoff Technology and Technical Associates.

Revenue2.2m EUR
−1.0 %y/y
Operating profit (EBIT)-0.9m EUR
+38.8 %y/y
EBIT margin-43.3%
+26.8 ppy/y
Net income-1.2m EUR
+28.8 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-3-2-10123m EUR2020: 1.8 m EUR2020: EBIT -2.1 m EUR20202021: 2.1 m EUR2021: EBIT -1.4 m EUR20212022: 2.1 m EUR2022: EBIT -1.5 m EUR20222023: 2.2 m EUR2023: EBIT -1.6 m EUR20232024: 2.2 m EUR2024: EBIT -1.5 m EUR20242025: 2.2 m EUR2025: EBIT -0.94 m EUR20252.2-0.94
RevenueOperating profit (EBIT)

Business

Share of revenue
Tritium detection and monitoring45 %

Products used to detect, measure, and monitor tritium in nuclear and related environments.

Radiation detection instruments30 %

Devices and systems that measure radiation levels for safety, compliance, and process control.

Nuclear instrumentation and controls15 %

Specialized monitoring and control equipment used in nuclear facilities and reactor applications.

Custom engineering and specialty products10 %

Tailored detection and monitoring solutions built for specific customer requirements.

Customers

Customers include nuclear utilities, reactor operators, research organizations, and industrial users that need specialized radiation and tritium monitoring. The company also serves international buyers tied to nuclear technology deployment, including markets associated with CANDU reactors and next-generation reactor designs.

Nuclear power utilities and reactor operators

Buy tritium detection and radiation monitoring products for plant safety and compliance.

Research and laboratory customers

Purchase specialized measurement devices for controlled nuclear and scientific environments.

Industrial and environmental monitoring users

Use detection equipment for safety, process monitoring, and regulatory needs.

International nuclear customers

Buy products for overseas reactor programs and clean-energy nuclear deployments.

Strategy

The company’s strategy centers on broadening its product line, reducing dependence on a small number of customers, and expanding internationally. It also seeks acquisitions that complement its nuclear instrumentation business and add value to customers across a wider range of applications.

Diversify products and customer baseShort term

Heavy concentration in one division and a few customers increases business risk.

Grow international salesMedium term

Overseas nuclear markets can broaden demand and reduce domestic concentration.

Pursue complementary acquisitionsMedium term

Acquisitions can add products, customers, and technical capabilities.

Geography

The company is headquartered in the United States and sells primarily into domestic markets, with a smaller but growing international customer base. Management disclosures indicate overseas demand is important to future growth, with South Korea and China highlighted as likely larger contributors over time, alongside demand linked to Canada’s CANDU reactor fleet.

Risks

The business is exposed to customer concentration, with a large share of revenue tied to Overhoff Technology and a small number of customers. It also faces financing, execution, and market risks typical of a small industrial technology company, including dependence on capital availability, competition, and the pace of nuclear and clean-energy adoption.

Sorted by severity
Customer concentrationHigh

A large portion of revenue comes from Overhoff sales to two customers.

Exposure: Overhoff Technology division

Financing riskHigh

The company may need additional capital to fund business plans and operations.

Exposure: Near-term liquidity and growth execution

International expansion riskMedium

Future growth depends on winning overseas customers and navigating foreign markets.

ExposureSouth KoreaChinaCanadaOther export markets
Competitive pressureMedium

The company operates in an intensely competitive niche for nuclear monitoring products.

Exposure: All product offerings

End-market cyclicalityMedium

Orders depend on nuclear plant activity, reactor deployment, and clean-energy investment.

Exposure: Nuclear power and advanced reactor markets

Accounting

Judgemental items
Management estimates and judgments

US GAAP requires assumptions that can materially change reported results.

Impact: Affects revenue, expenses, assets, liabilities, and contingencies

Working-capital volatility

Inventory, receivables, and customer deposits can swing cash flow between periods.

Impact: Affects operating cash flow comparability

Shareholder notes payable

Financing activity has been influenced by shareholder funding rather than stable external capital.

Impact: Affects financing cash flow and liquidity analysis

Publicly listed companies with a comparable business focus.

Last updated: 29/04/2026