DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported record third quarter sales in 2011 of $4,361,000, a 5% increase over the third quarter of 2010. For the quarter, earnings were down 25% to $215,000, or $0.11 per share, compared to $0.15 per share for the corresponding 2010 quarter. Bill Ulland,…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company has been named a finalist for the Advanced Manufacturing Tekne award for its Digital Texturing (DTX) technology. DTX combines the company’s expertise in ultraviolet (UV) photo-reactive chemistry and industrial inkjet printing to create a revolutionary system for creating textures on a variety surfaces. The…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced today that it has entered into an Exclusive Distribution Agreement with Kurabo Industries Limited of Osaka, Japan for sales of its Digital Texturing (DTX) technology to the Japanese auto industry in Japan, China and southeast Asia. Kurabo is a 123 year old diversified…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported record sales of $4,587,000 in the second quarter of 2011. This represents a 26% increase over the first quarter of 2011 and an 8% increase over the second quarter of 2010. For the quarter, earnings fell 10% to $310,000 or $0.16 per…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced sales for first quarter of 2011 of $3,653,000, down slightly from 2010 first quarter sales of $3,685,000. Earnings fell from $148,000, or $0.08 per share, to $37,000, or $0.02 per share. Bill Ulland, Ikonics CEO, said weakness from two Domestic Chromaline products…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced record sales for 2010 of $16,517,000, a 9% increase over 2009 and earnings of $1,114,000 or $0.56 per share compared to a loss of $0.16 per share in 2009. The 2009 loss was caused by the write-off of an investment in Imaging…