Feb. 21, 2012: IKONICS REPORTS 2011 RECORD SALES
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported record sales for 2011 of $16,780,000, a 2% increase over 2010. Net income declined by 37% to $698,000, or $0.35 per share. Bill Ulland, Ikonics CEO, said, “This was a disappointing year. Because of competitive pressure in our screen printing business, we…