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In the News
IKONICS Announces Second Quarter 2021 Results
DULUTH, Minn., Aug. 06, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its second quarter 2021 earnings. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, an increase of 65%. IKONICS posted a second quarter loss of $722,000 or $0.37 per diluted share, versus the second quarter 2020 pandemic related loss of $1,042,000, or $0.53 per diluted share. For the six months ending June 30, 2021, the Company realized a net loss of $0.53 per diluted share compared to a net loss of $0.82 per diluted share for the same period in 2020.
Moore Kuehn Encourages IKNX, ISOS, ATC and JAX Investors to Contact Law Firm
NEW YORK, July 6, 2021 /PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies: IKONICS Corporation ( NASDAQ: IKNX) IKONICS has agreed to merge with TeraWulf.
IKONICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IKONICS Corporation - IKNX
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of IKONICS Corporation (NasdaqGS: IKNX) to TeraWulf Inc. Under the terms of the proposed transaction, shareholders of IKONICS will receive $5.00 in cash, one CVR, and one share of the combined company's common stock for each share of IKONICS that they own. KSF is seeking to determine whether this consideration an
IKONICS Merger investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of IKONICS Corporation Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm - IKNX
NEW YORK, June 27, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of IKONICS Corporation (NASDAQ: IKNX) to TeraWulf Inc. is fair to IKONICS shareholders. Under the terms of the agreement, each outstanding share of IKONICS common stock will receive $5.00 in cash, one Contingent Value Right, and one share of the combined company's common stock.
IKNX Stock Price Increased 64.25%: Why It Happened
The stock price of IKONICS Corporation (NASDAQ: IKNX) increased 64.25%. This is why it happened.
SHAREHOLDER ALERT: WeissLaw LLP Investigates IKONICS
NEW YORK, June 25, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of IKONICS ("IKONICS" or the "Company") (NASDAQ: IKNX) in connection with the proposed acquisition of the Company by TeraWulf Inc. ("TeraWulf"), a privately held bitcoin mining company. Under the terms of the merger agreement, IKONICS shareholders will receive $5.00 in cash, one contingent value right ("CVR"), and one share of the combined company's common stock.
Why Ikonics Stock Is Surging Today
Ikonics Corp (NASDAQ: IKNX) is trading significantly higher after the company announced that it plans to merge with Bitcoin (CYPTO:BTC) mining company, TeraWulf Inc. What Happened: The two companies announced that they entered into a definitive merger agreement to combine under a new holding company named TeraWulf Inc. The new company will be listed on the Nasdaq and trade under the ticker symbol “WULF."
Ikonart® and Teresa Collins Announce Brand Collaboration to Accelerate Product Growth & Distribution
DULUTH, Minn., May 20, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation. (NASDAQ: IKNX), a Duluth, Minnesota based imaging technology company and leading global manufacturer of photochemistry products announced they will work together with Teresa Collins Studio, a worldwide brand in the creative crafts market. The companies agree to collaborate in the promotion of the Ikonart® Custom Stencil Kit along with the Ikonart ancillary product line, leading to creative resources for crafters in the worldwide art supplies industry.
IKONICS Announces Improved First Quarter 2021 Results
DULUTH, Minn., April 29, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its first quarter 2021 earnings. Net Sales were $3,073,000 compared to $3,497,000 in 2020, a decline of 12.1%. IKONICS realized a net loss of $322,000, or $0.16 per diluted share, a 45.1% improvement over the $587,000 net loss, or $0.30 per diluted share, for the same quarter of 2020.
IKONICS Announces Improved 2020 and Fourth Quarter Results
DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared to a 2019 loss of $814,000, or $0.41 per diluted share. Fourth quarter sales were $4,228,000, down 14.8% versus the same quarter in 2019. Earnings for the fourth quarter improved from a loss of $80,000, or $0.04 per diluted share, in 2019 to income of $1,463,000, or $0.74 per diluted share in 2020. Year-to-date and fourth quarter earnings in 2020 were both favorably impacted by the Company receiving forgiveness on its $1,215,000 SBA PPP loan.
IKNX Financial details
IKNX Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2020-12-31
Metric | History | 2016-12-31 | 2017-12-31 | 2018-12-31 | 2019-12-31 | 2020-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 8.7 | 8.39 | 9.18 | 8.88 | 6.8 | |
Net income per share | -0.03 | -0.11 | 0.07 | -0.41 | -0.22 | |
Operating cash flow per share | 0.45 | 0.1 | 0.62 | -0.24 | -0.2 | |
Free cash flow per share | -0.58 | -0.03 | 0.32 | -0.49 | -0.29 | |
Cash per share | 2.13 | 1.86 | 2.18 | 1.6 | 1.87 | |
Book value per share | 6.67 | 6.3 | 6.61 | 6.18 | 5.99 | |
Tangible book value per share | 6.5 | 6.13 | 6.42 | 6.04 | 5.87 | |
Share holders equity per share | 6.67 | 6.3 | 6.61 | 6.18 | 5.99 | |
Interest debt per share | 1.62 | 1.54 | 1.53 | 1.47 | 2.76 | |
Market cap | 22.71M | 15.46M | 16.73M | 10.62M | 19.7M | |
Enterprise value | 24.87M | 17.61M | 18.05M | 12.47M | 21.39M | |
P/E ratio | -349.05 | -68.36 | 119.92 | -13.05 | -44.85 | |
Price to sales ratio | 1.29 | 0.9 | 0.92 | 0.6 | 1.47 | |
POCF ratio | 24.77 | 75.53 | 13.66 | -22.25 | -49.4 | |
PFCF ratio | -19.33 | -240.15 | 26.48 | -10.89 | -34.96 | |
P/B Ratio | 1.69 | 1.19 | 1.28 | 0.87 | 1.66 | |
PTB ratio | 1.69 | 1.19 | 1.28 | 0.87 | 1.66 | |
EV to sales | 1.42 | 1.02 | 0.99 | 0.71 | 1.59 | |
Enterprise value over EBITDA | 31.73 | 40.56 | 16.85 | -58.7 | 158.07 | |
EV to operating cash flow | 27.12 | 86.02 | 14.74 | -26.15 | -53.62 | |
EV to free cash flow | -21.17 | -273.51 | 28.58 | -12.79 | -37.94 | |
Earnings yield | 0 | -0.01 | 0.01 | -0.08 | -0.02 | |
Free cash flow yield | -0.05 | 0 | 0.04 | -0.09 | -0.03 | |
Debt to equity | 0.24 | 0.24 | 0.23 | 0.23 | 0.45 | |
Debt to assets | 0.18 | 0.18 | 0.17 | 0.17 | 0.35 | |
Net debt to EBITDA | 2.75 | 4.95 | 1.24 | -8.74 | 12.44 | |
Current ratio | 6.89 | 9.44 | 6.87 | 4.49 | 2.17 | |
Interest coverage | -0.38 | -5.59 | 2.49 | -10.62 | -20.63 | |
Income quality | -14.09 | -0.91 | 8.78 | 0.59 | 0.91 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0.32 | 0.32 | 0.29 | 0.31 | 0.37 | |
Research and developement to revenue | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | |
Intangibles to total assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
Capex to operating cash flow | -2.28 | -1.31 | -0.48 | 1.04 | 0.41 | |
Capex to revenue | -0.12 | -0.02 | -0.03 | -0.03 | -0.01 | |
Capex to depreciation | -2.63 | -0.31 | -0.75 | -0.73 | -0.24 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 2.2 | 3.95 | 3.23 | 7.55 | 5.47 | |
ROIC | 0 | -0.01 | 0.01 | -0.05 | -0.07 | |
Return on tangible assets | 0 | -0.01 | 0.01 | -0.05 | -0.03 | |
Graham Net | 1.12 | 1.24 | 1.36 | 0.74 | 1.35 | |
Working capital | 7.73M | 7.4M | 7.65M | 6.76M | 4.21M | |
Tangible asset value | 13.12M | 12.61M | 12.73M | 11.99M | 11.6M | |
Net current asset value | 4.21M | 4.31M | 4.65M | 4.07M | 4.21M | |
Invested capital | 0.24 | 0.24 | 0.23 | 0.23 | 0.45 | |
Average receivables | 2.34M | 2.3M | 2.21M | 2.33M | 2.39M | |
Average payables | 575.32K | 526.12K | 484.69K | 704.58K | 610.74K | |
Average inventory | 2.05M | 2.04M | 2.07M | 2.11M | 1.91M | |
Days sales outstanding | 49.91 | 46.41 | 44.45 | 50.47 | 63.55 | |
Days payables outstanding | 23.52 | 10.2 | 19.76 | 22.75 | 17.62 | |
Days of inventory on hand | 63.97 | 66.14 | 62.46 | 65.12 | 63.02 | |
Receivables turnover | 7.31 | 7.87 | 8.21 | 7.23 | 5.74 | |
Payables turnover | 15.52 | 35.77 | 18.47 | 16.05 | 20.72 | |
Inventory turnover | 5.71 | 5.52 | 5.84 | 5.6 | 5.79 | |
ROE | 0 | -0.02 | 0.01 | -0.07 | -0.04 | |
Capex per share | -1.04 | -0.13 | -0.3 | -0.25 | -0.08 |
Quarterly Fundamentals Overview
Last date of statement is 2021-09-30 for Q3
Metric | History | 2020-09-30 | 2020-12-31 | 2021-03-31 | 2021-06-30 | 2021-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.6 | 2.14 | 1.55 | 2.18 | 2.39 | |
Net income per share | -0.14 | 0.74 | -0.16 | -0.37 | -0.43 | |
Operating cash flow per share | 0.29 | 0.12 | 0.39 | 0.29 | -0.39 | |
Free cash flow per share | 0.29 | 0.12 | 0.39 | 0.28 | -0.39 | |
Cash per share | 1.79 | 1.87 | 2.24 | 1.16 | 0.76 | |
Book value per share | 5.3 | 5.99 | 5.85 | 5.61 | 5.14 | |
Tangible book value per share | 5.3 | 5.86 | 5.85 | 5.61 | 5.14 | |
Share holders equity per share | 5.3 | 5.99 | 5.85 | 5.61 | 5.14 | |
Interest debt per share | 2.02 | 2.73 | 1.35 | 0.04 | 0 | |
Market cap | 6.99M | 19.71M | 19.37M | 37.69M | 56.25M | |
Enterprise value | 7.42M | 21.4M | 17.6M | 35.43M | 54.75M | |
P/E ratio | -6.37 | 3.37 | -15.06 | -13.05 | -16.51 | |
Price to sales ratio | 2.23 | 4.66 | 6.3 | 8.87 | 11.86 | |
POCF ratio | 12.49 | 85.23 | 25.11 | 66.34 | -72.67 | |
PFCF ratio | 12.51 | 85.95 | 25.34 | 68.79 | -72.67 | |
P/B Ratio | 0.67 | 1.66 | 1.68 | 3.44 | 5.52 | |
PTB ratio | 0.67 | 1.66 | 1.68 | 3.44 | 5.52 | |
EV to sales | 2.37 | 5.06 | 5.73 | 8.33 | 11.54 | |
Enterprise value over EBITDA | -107.55 | 12.8 | -115.33 | -89.8 | -66.24 | |
EV to operating cash flow | 13.27 | 92.5 | 22.81 | 62.36 | -70.73 | |
EV to free cash flow | 13.28 | 93.28 | 23.02 | 64.66 | -70.73 | |
Earnings yield | -0.04 | 0.07 | -0.02 | -0.02 | -0.02 | |
Free cash flow yield | 0.08 | 0.01 | 0.04 | 0.01 | -0.01 | |
Debt to equity | 0.38 | 0.45 | 0.23 | 0 | 0 | |
Debt to assets | 0.26 | 0.35 | 0.17 | 0 | 0 | |
Net debt to EBITDA | -6.31 | 1.01 | 11.63 | 5.73 | 1.82 | |
Current ratio | 1.69 | 2.17 | 2 | 2.74 | 2.37 | |
Interest coverage | -9.86 | 18.06 | -16.24 | -7.81 | -8.02K | |
Income quality | -2.04 | 0.16 | -2.4 | -0.79 | 0.91 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0 | 0.25 | 0 | 0 | 0 | |
Research and developement to revenue | 0.04 | 0.04 | 0.04 | 0.03 | 0 | |
Intangibles to total assets | 0 | 0.02 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | -0.01 | -0.01 | -0.04 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | -0.01 | -0.04 | -0.08 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0.01 | 0.02 | 0 | |
Graham number | 4.08 | 9.98 | 4.63 | 6.84 | 7.05 | |
ROIC | -0.02 | 0.02 | -0.02 | -0.06 | -0.08 | |
Return on tangible assets | -0.02 | 0.1 | -0.02 | -0.06 | -0.07 | |
Graham Net | 0.47 | 1.35 | 1.27 | 1.15 | -0.35 | |
Working capital | 3.04M | 4.21M | 4.09M | 3.62M | 3.02M | |
Tangible asset value | 10.36M | 11.6M | 11.56M | 10.95M | 10.18M | |
Net current asset value | 2.57M | 4.21M | 4.09M | 3.62M | 3.02M | |
Invested capital | 0.38 | 0.45 | 0.23 | 0 | 0 | |
Average receivables | 1.66M | 2M | 1.95M | 1.62M | 840.72K | |
Average payables | 387.18K | 459.48K | 666.26K | 1.2M | 760.87K | |
Average inventory | 2.42M | 1.9M | 1.8M | 1.78M | 803.91K | |
Days sales outstanding | 47.62 | 49.79 | 45.78 | 35.6 | 0 | |
Days payables outstanding | 18.27 | 15.13 | 37.81 | 48.53 | 0 | |
Days of inventory on hand | 85.81 | 54.14 | 85.01 | 51.28 | 0 | |
Receivables turnover | 1.89 | 1.81 | 1.97 | 2.53 | 0 | |
Payables turnover | 4.92 | 5.95 | 2.38 | 1.85 | 0 | |
Inventory turnover | 1.05 | 1.66 | 1.06 | 1.76 | 0 | |
ROE | -0.03 | 0.12 | -0.03 | -0.07 | -0.08 | |
Capex per share | 0 | 0 | 0 | -0.01 | 0 |
IKNX Frequently Asked Questions
What is IKONICS Corporation stock symbol ?
IKONICS Corporation is a US stock , located in Duluth of Minnesota and trading under the symbol IKNX
What is IKONICS Corporation stock quote today ?
IKONICS Corporation stock price is $33.9 today.
Is IKONICS Corporation stock public?
Yes, IKONICS Corporation is a publicly traded company.