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…
DULUTH, MN – 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…
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…
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…
DULUTH, Minn., Aug. 03, 2017 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced a 12% increase in sales for the second quarter of 2017 coupled with a loss of $0.05 per diluted share for the period as compared to earnings of $0.02 per diluted share for the second quarter of 2016….
DULUTH, Minn., June 30, 2016 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced today that IKONICS Precision Abrasive Machining capabilities align with NASA test results to reduce aerodynamic drag on acoustic jet engine liners. IKONICS Corporation’s unique precision manufacturing technology is suited to implement a new technique researched by the National…
DULUTH, Minn., April 11, 2016 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced that it has entered into a Long-Term Agreement (LTA) with EnCore Composite Structures, Inc., of Brea California, a major supplier of aircraft interiors, seats and composite structures to the Aerospace industry. John Cliby, EnCore Director of Materials stated:…
DULUTH, Minn., April 06, 2016 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, recently announced that Marianne Bohren and Jeffrey D. Engbrecht have been appointed as directors. Ms. Bohren and Mr. Engbrecht will stand for election as directors at the 2016 annual meeting of shareholders. Marianne Bohren joins the IKONICS board with…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based technology company, provided moredetailed information on the expansion plans for its Advanced Materials Solutions (AMS) business unit, which produces products for the aerospace and electronics industries. The new, 27,300 square foot structure will contain a 20,500 square-foot production floor in addition to offices andancillary facilities. The building…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, reported sales of $3,598,000 for the first quarter of 2015, a 19% drop over the same quarter of 2014. The Company incurred a net loss of $229,000, or $0.11 per diluted share, compared to a profit of $0.10 per diluted share for the first…