DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based technology company, reported third quarter net earnings of $116,000, or $0.06 per diluted share, a 49% decrease compared to the third quarter of 2012. Sales for the third quarter of 2013 were $4,217,000, or flat when compared to last year’s third quarter. Bill Ulland, Ikonics CEO, said…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced it will be added to the Russell Microcap(R) Index, effective at the close of the market on June 28, 2013. CEO Bill Ulland commented, “We are pleased to be added to the Russell Microcap Index. Inclusion in this index is a testament…
DULUTH, MN – IKONICS Corporation, a Duluth based imaging technology company, today announced that its Board of Directors recently promoted Ken Hegman to the position of Vice President of Sales, North America. Hegman, having served IKONICS in varying roles since 1999, will lead the organization’s Chromaline Screen Print Products and IKONICS Imaging divisions in North…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced record first quarter sales in 2013 of $4,022,000, slightly higher than last year’s record first quarter sales of $4,010,000. The company posted a loss of $88,000 or $0.04 per share in the first quarter of 2013 compared with a loss of $62,000,…
DULUTH, MN – IKONICS Corporation, a Duluth-based imaging technology company, announced today that it is working with Lockheed Martin, a global aerospace company, to develop a new method of machining ceramic matrix composite (CMC) materials using Ikonics’ proprietary particle beam technology. “CMC is notoriously difficult to machine because of its hardness and non-uniformity. Our technology…
DULUTH, MN – IKONICS Corporation, a Duluth based imaging technology company, today announced that its Board of Directors recently promoted Dr. Karl Shaw to the position of Chief Technology Officer. Shaw joined IKONICS in 2011 as Director of New Technologies and served in the company’s Digital Texturing (DTX) and Micro Machining businesses. Shaw is a…
IKONICS Corporation (NASDAQ: IKNX), a Duluth-based imaging technology company, reported a strong 2012 fourth quarter. Sales were up 8% and earnings, at $0.14 per share, were 109% higher than the fourth quarter of 2011 The Company ended 2012 with record sales of $17,312,000 – a 3% increase over 2011. Earnings for the year ended up…