IKONICS Reports 12% Revenue Increase for First Quarter of 2018
Ikonics Corporation (IKNX)
US:NASDAQ Investor Relations:
ikonics.com/investor-relations
Company Research
Source: GlobeNewswire
DULUTH, Minn., April 26, 2018 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, reported its second consecutive quarter of increased revenue versus the comparable prior year period. The first quarter of 2018 showed a 12% increase in revenue from the same period in 2017, and followed record quarterly revenue in the fourth quarter of 2017. Additionally, the net loss for the first quarter of 2018 improved compared to the same period in 2017. Bill Ulland, the company’s CEO, said, “Our first quarter traditionally is affected by cold weather, which restricts the shipping of liquid products from Duluth, and the Chinese New Year, which slows business in Asia. These factors tend to disguise the substantial progress we are making. “Quarterly revenue increased 12% compared to the first quarter of 2017. There was a loss of $0.07 per diluted share in the first quarter of 2018 compared to a loss of $0.19 per diluted share for the first qua
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