IKONICS Corporation Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
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.