IKONICS Corporation Reports Earnings Dip on Record Quarterly Sales
DULUTH, Minn., Nov. 10, 2011 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth based imaging technology company, reported record third quarter sales in 2011 of $4,361,000, a 5% increase over the third quarter of 2010. For the quarter, earnings were down 25% to $215,000, or $0.11 per share, compared to $0.15 per share for the corresponding 2010 quarter.