IKONICS Corporation reported earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net sales of $4,944,791 against $4,752,612 a year ago. Income from operations was $406,813 against $88,693 a year ago. Income before income taxes was $392,386 against $71,675 a year ago. Net income was $368,769 or $0.19 per basic and diluted share against $6,260 or $0.00 per basic and diluted share a year ago.

For the year, the company reported net sales of $17,243,244 against $17,569,901 a year ago. Loss from operations was $464,609 against $22,004 a year ago. Loss before income taxes was $524,147 against $69,061 a year ago. Net loss was $226,147 against $65,061 a year ago. Basic and diluted loss per share was $0.11 against $0.03 a year ago. Net cash provided by operating activities was $204,689 against $916,947 a year ago.

The company believes that 2018 will see a return to profitability and growth.