US Nuclear Corp. said its normalized net income for the first quarter came to a loss of $70,510, compared with a loss of $21,810 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 27.9% from negative 4.9% in the year-earlier period.
Total revenue declined 43.6% year over year to $252,500 from $447,480, and total operating expenses decreased 24.5% year over year to $360,550 from $477,650.
Reported net income totaled a loss of $112,810, or a loss of 1 cents per share, compared to a loss of $34,900, or a loss of 0 cents per share, in the prior-year period.