reports
IKONICS Announces Third Quarter 2021 Results
IKONICS Announces Third Quarter 2021 Results DULUTH, Minn., Oct. 28, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its third quarter 2021 earnings. The Company posted record third quarter revenue in 2021 with sales of $4,743,000 compared to $3,135,000 for the same period in 2020, an increase of 51%. IKONICS realized a third quarter loss of $851,000 or $0.43 per diluted share, versus the third quarter 2020 loss of $274,000, or $0.14 per diluted share. For each of the nine months ending Septem...
IKONICS Announces Second Quarter 2021 Results
IKONICS Announces Second Quarter 2021 Results DULUTH, Minn., Aug. 06, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its second quarter 2021 earnings. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, an increase of 65%. IKONICS posted a second quarter loss of $722,000 or $0.37 per diluted share, versus the second quarter 2020 pandemic related loss of $1,042,000, or $0.53 per diluted share. For the six months ending June 30, 2021, the Comp...
Ikonart® and Teresa Collins Announce Brand Collaboration to Accelerate...
Ikonart® and Teresa Collins Announce Brand Collaboration to Accelerate Product Growth & Distribution DULUTH, Minn., May 20, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation. (NASDAQ: IKNX), a Duluth, Minnesota based imaging technology company and leading global manufacturer of photochemistry products announced they will work together with Teresa Collins Studio, a worldwide brand in the creative crafts market. The companies agree to collaborate in the promotion of the Ikonart® Custom Stencil Kit along with the Ikonart ancillary product line, leading to creative resources for crafters in the wo...
IKONICS Announces Improved First Quarter 2021 Results
IKONICS Announces Improved First Quarter 2021 Results DULUTH, Minn., April 29, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its first quarter 2021 earnings. Net Sales were $3,073,000 compared to $3,497,000 in 2020, a decline of 12.1%. IKONICS realized a net loss of $322,000, or $0.16 per diluted share, a 45.1% improvement over the $587,000 net loss, or $0.30 per diluted share, for the same quarter of 2020. Glenn Sandgren, IKONICS CEO, noted, “The overall performance of IKONICS continues to tr...
IKONICS Announces Improved 2020 and Fourth Quarter Results
IKONICS Announces Improved 2020 and Fourth Quarter Results DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared to a 2019 loss of $814,000, or $0.41 per diluted share. Fourth quarter sales were $4,228,000, down 14.8% versus the same quarter in 2019. Earnings for the fourth q...
IKONICS Announces Third Quarter 2020 Results
IKONICS Announces Third Quarter 2020 Results DULUTH, Minn., Oct. 29, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced third quarter 2020 earnings. IKONICS recorded third quarter 2020 revenue of $3,135,000 compared to $4,530,000 in 2019, a decline of 31%. IKONICS posted a third quarter 2020 loss of $274,000, or $0.14 per diluted share, compared to a loss of $163,000, or $0.08 per diluted share, for the same period in 2019. For the nine months ending September 30, 2020, the Company realized a net lo...
IKONICS Announces Second Quarter 2020 Results
IKONICS Announces Second Quarter 2020 Results DULUTH, Minn., Aug. 07, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced second quarter 2020 earnings. IKONICS recorded second quarter 2020 revenue of $2,572,000 compared to $4,596,000 in 2019, a decline of 44%. IKONICS posted a second quarter 2020 loss of $1,042,000, or $0.53 per diluted share, compared to a loss of $116,000, or $0.06 per diluted share, for the same period in 2019. For the six months ended June 30, 2020, the Company realized a net l...
IKONICS Announces Furloughs and Additional Cost Cutting Measures
IKONICS Announces Furloughs and Additional Cost Cutting Measures DULUTH, Minn., June 26, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced it will furlough approximately 40% of its 81 employee workforce until July 31, 2020. Employees were notified on June 25th, 2020 and furloughed employees will continue to receive benefits. In addition to the furlough, IKONICS is suspending the company’s contribution to its 401(k) retirement plan. These measures, together with previous actions that included a reduction of of...
IKONICS Announces First Quarter 2020 Results
IKONICS Announces First Quarter 2020 Results DULUTH, Minn., April 30, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced first quarter 2020 earnings. Revenue was $3,497,000 compared to $3,529,000 in 2019, a decline of 1%. IKONICS posted a first quarter loss of $587,000, or $0.30 per diluted share, in 2020 compared to a loss of $455,000, or $0.23 per diluted share, in 2019. On a non-GAAP basis, IKONICS realized an adjusted net loss of $222,000, or $0.11 per diluted share (excluding one-time expenses relating to t...
IKONICS Launches Custom Textile Stencil for Global Creative Arts Marke...
IKONICS Launches Custom Textile Stencil for Global Creative Arts Market DULUTH, Minn., April 23, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced it has expanded its lineup of advanced imaging stencil films with the addition of IKONART® Textile Film. Sold under the IKONART brand, IKONART Textile Film offers similarities to IKONART Stencil Film with a stickier and slightly more rigid feel making it ideal for printing on fabric, wood, and other textured or difficult surfaces. IKONART Textile Film is designed to be used with...
IKONICS Announces 2019 Results
IKONICS Announces 2019 Results DULUTH, Minn., Feb. 20, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2019 and fourth quarter financial results. IKONICS had 2019 revenue of $17,619,000, down 3.3% from the prior year. Earnings fell from $139,000, or $0.07 per diluted share in 2018 to a loss of $814,000, or $0.41 per diluted share in 2019. Fourth quarter sales were $4,963,000, up 2.2% over the same quarter in 2018 with a 2019 fourth quarter net loss of $80,000, or $0.04 per diluted share, versus a profit of $150,000, or $0.08...
IKONICS Develops Film for the Hydrographics Printing Market
IKONICS Develops Film for the Hydrographics Printing Market DULUTH, Minn., Jan. 27, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, introduced Hydrokon™ Water Transfer Film, an internally developed and manufactured product for the hydrographics printing market. Hydrographics printing, or hydro dipping as it is commonly referred, is a unique water transfer printing process that can be applied to many types of substrates including plastic, wood, ceramics, and metal. Hydrokon, made in the U.S. and sold through IKONICS Corporation wor...
IKONICS Announces Chief Executive Officer Transition
IKONICS Announces Chief Executive Officer Transition DULUTH, Minn., Jan. 07, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company”) (Nasdaq: IKNX) announced today that William C. Ulland, President, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of the Company, will retire as President and Chief Executive Officer effective February 10, 2020, and that the Board has elected Glenn Sandgren, to succeed him. Mr. Ulland will continue in his role as Chairman of the Board. Mr. Sandgren will also serve on the Company’s Board. “I am extremely proud of how IK...
IKONICS Reports Third Quarter Results
IKONICS Reports Third Quarter Results DULUTH, Minn., Oct. 31, 2019 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company, reported results for the third quarter of 2019. Third quarter 2019 sales were $4,530,000, 3% below the record third quarter of 2018. The net loss for the third quarter of 2019 was $163,000, or $0.08 per diluted share, compared to a loss of $25,000 for the same quarter of 2018. For the nine months ended, the Company posted a net loss of $0.37 per diluted share compared to a net loss of $0.01 per diluted share for 2018. Bill U...
IKONICS Announces Second Quarter Results
IKONICS Announces Second Quarter Results DULUTH, Minn., Aug. 02, 2019 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, announced 2019 second quarter sales of $4,600,000, down 1%, compared with the second quarter of 2018. Second quarter earnings fell from $145,000, or $0.07 per diluted share, in 2018 to a loss of $116,000, or $0.06, per diluted share in 2019. Earnings for the first six months of the year have also decreased from net income of $15,000, or $0.01 per diluted share, in 2018 to a loss of $571,000, or $0.29 per diluted share, ...
IKONICS Announces First Quarter 2019 Results
IKONICS Announces First Quarter 2019 Results DULUTH, Minn., April 25, 2019 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, reported that 2019 first quarter sales declined by 13% to $3,529,000. The company posted a loss of $0.23 cents per diluted share for the quarter compared to a loss of $0.07 per diluted share for the first quarter of 2018. Bill Ulland, IKONICS CEO, said: “Our first quarter normally is slow because of cold weather in Duluth, which limits our ability to ship certain liquid products, and the Chinese New Year, which aff...
IKONICS Announces William C. Ulland’s Retirement as President and Ch...
IKONICS Announces William C. Ulland’s Retirement as President and Chief Executive Officer DULUTH, Minn., April 24, 2019 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX) announced that William C. Ulland, President, Chief Executive Officer and Chairman of the Board of Directors (the “Board”), notified the Board of his intention to retire from his positions as President and Chief Executive Officer of IKONICS Corporation (the “Company”) at the end of the current year, provided a successor has been identified by the Board. Mr. Ulland will continue to serve as President and Chief Executi...
IKONICS Announces 2018 Results
IKONICS Announces 2018 Results DULUTH, Minn., Feb. 21, 2019 (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2018 and fourth quarter financial results. The year 2018 marked a return to growth and profitability for IKONICS. Sales in 2018 grew by 6% over the prior year to $18.2 million, earning $0.07 per diluted share compared to a 2017 loss of $0.11 per diluted share. The IKONICS aerospace segment, AMS, led 2018 sales growth with a sales increase of 139% over 2017. Earnings for fourth quarter of 2018 were $0.08 per diluted share ...
IKONICS Reports Record Third Quarter Sales
IKONICS Reports Record Third Quarter Sales DULUTH, Minn., Nov. 01, 2018 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, reported continued revenue growth with record third quarter sales, up 17% over the third quarter of 2017, as each business unit posted strong gains for the quarter. For the third quarter of 2018, IKONICS realized a loss of $0.01 per diluted share compared to a loss of $0.06 per diluted share for the same period in 2017. On a year-to-date basis, 2018 sales are up 9% over 2017 with a loss of $0.01 per diluted share in 20...
Aerospace Leads Revenue Growth at IKONICS
Aerospace Leads Revenue Growth at IKONICS DULUTH, Minn., Aug. 02, 2018 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, reported a sharp improvement in earnings for the second quarter of 2018. The Company reported earnings of $145,000, or $0.07 per diluted share as compared to a loss of $0.05 per diluted share for second quarter of 2017. Bill Ulland, IKONICS CEO, said, “Revenue was down by 1% from the second quarter of 2017, which had been favorably impacted by $320,000 in sales of two DTX printers; we are optimistic that similar sales ...
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