IKONICS Reports Record Third Quarter Sales
Ikonics Corporation (IKNX)
US:NASDAQ Investor Relations:
ikonics.com/investor-relations
Company Research
Source: GlobeNewswire
DULUTH, Minn., Nov. 01, 2018 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, reported continued revenue growth with record third quarter sales, up 17% over the third quarter of 2017, as each business unit posted strong gains for the quarter. For the third quarter of 2018, IKONICS realized a loss of $0.01 per diluted share compared to a loss of $0.06 per diluted share for the same period in 2017. On a year-to-date basis, 2018 sales are up 9% over 2017 with a loss of $0.01 per diluted share in 2018 compared to a loss of $0.30 per diluted share for the same period in 2017. Bill Ulland, IKONICS CEO, said, “In addition to our continued sales growth, we are very excited by a study recently released by NASA showing that acoustic liners perforated with a slot pattern not only lessen engine noise but also reduce liner drag by as much as 50%. The report is summarized in a brochure prepared by our AMS business unit, available in the Lite
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