DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced today a 279% increase in 2010 first quarter earnings to $148,000, or $0.08 per share, compared to $53,000, or $0.03 per share, for the first quarter of 2009. Sales increased by 3.4% to $3,685,000.
Bill Ulland, IKONICS CEO, commented that this was one of IKONICS best first quarter earnings results, and he believes it indicates that the recession is weakening. Ulland also said, “I am particularly pleased with the strong increase in our export sales, and the improvement in the performance of IKONICS Imagining which was driven by our new business initiatives. Although sales to the domestic screen print market were down from last year, the first quarter of 2009 featured some anomalous private label sales, and I’m pleased with these results. IKONICS’ balance sheet also remains strong with no long-term debt and $2,221,000 in cash and short-term investments. “
In commenting on the Company’s new initiatives, Ulland said, “I’m particularly encouraged by the performance of our patent pending Digital Texturing program. I believe this and other efforts in our non-traditional markets provide further reason for optimism in 2010.”
Browse News Archives
2022
2021
2020
Q1
Q2
Q3
Q4
2019
Q1
Q2
Q3
Q4
2018
2017
Q1
Q2
Q3
Q4
2016
Q1
Q2
Q3
Q4
2015
Q1
Q2
Q3
Q4
2014
Q1
Q2
Q3
2013
Q1
Q2
- Jun. 21, 2013: IKONICS® Corporation to Be Added to Russell Microcap® Index
- Apr. 25, 2013: IKONICS Promotes Hegman to Vice President of Sales, North America
- Apr. 24, 2013: IKONICS Announces First Quarter Results and Status of New Business Initiatives
- Apr. 18, 2013: IKONICS Corporation Works with Lockheed Martin on Ceramic Matrix Composites
Q3
2012
Q1
Q2
Q3
2011
Q1
Q2
Q3
Q4
2010
Q1
Q2
Q3
Q4
2009
2008
2007
Q1
Q2
- Sep. 21, 2007: CHROMALINE® Reformulates PC 787
- Sep. 12, 2007: IKONICS CORPORATION ANNOUNCED AS FINALIST FOR EIGHTH ANNUAL TEKNE AWARDS
- Sep. 7, 2007: IKONICS Acquires Option to Purchase City Land
- CHROMALINE® HIRES CRAIG SCHERER AS EAST COAST TECHNICAL SALES REPRESENTATIVE
- Aug. 27, 2007: IKONICS Imaging Introduces R3™
2006
2005
2004
Q1
Q2
2003
2002
2001
Q1
Q2
Q3
2000