-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LESXq9P09SUa4IabN4d5vphlEi7vrmge7E3guh1crK3PTqZkhJESo9zWbpuRm6Cv YyNy8b8EzR8KrvIj5ltGDg== 0000950134-03-006823.txt : 20030430 0000950134-03-006823.hdr.sgml : 20030430 20030430162935 ACCESSION NUMBER: 0000950134-03-006823 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030417 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IKONICS CORP CENTRAL INDEX KEY: 0001083301 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 410730027 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25727 FILM NUMBER: 03673348 BUSINESS ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 BUSINESS PHONE: 2186282217 MAIL ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 FORMER COMPANY: FORMER CONFORMED NAME: CHROMALINE CORP DATE OF NAME CHANGE: 19990405 8-K 1 c76619e8vk.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) April 17, 2003 ---------------------------- IKONICS CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) MINNESOTA 000-25727 41-0730027 - ---------------------------- ------------------------ ------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 4832 GRAND AVENUE DULUTH, MINNESOTA 55807 - ---------------------------------------- -------------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (218) 628-2217 ----------------------- Item 7. Financial Statements and Exhibits. (c) Exhibits 99 Press Release dated April 17, 2003 Item 9. Regulation FD Disclosure. The following information is furnished pursuant to Item 12, "Results of Operations and Financial Condition." On April 17, 2003, IKONICS Corporation (the "Company") reported its financial results for the quarter ended March 31, 2003. See the Company's press release dated April 17, 2003, which is furnished as Exhibit 99 hereto and incorporated by reference in this Current Report on Form 8-K. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. IKONICS CORPORATION Date: April 30, 2003 /s/ Jeffery A. Laabs --------------------------------------- Jeffery A. Laabs Chief Financial Officer, Treasurer and Secretary 3 EXHIBIT INDEX
Method Exhibit Description of Filing - ------- ----------- --------- Filed 99 Press Release dated April 17, 2003 .............................. Electronically
EX-99 3 c76619exv99.txt PRESS RELEASE EXHIBIT 99 (IKONICS LETTERHEAD) NEWS RELEASE News Contact: BILL ULLAND For Immediate Release Chairman, President & CEO April 17, 2003 (218) 628-2217 IKONICS REPORTS FIRST QUARTER RESULTS DULUTH, MN - IKONICS Corporation, a Duluth based imaging technology company, announced sales and earnings for the first quarter of 2003. Sales for the quarter were $2,830,649, 2 percent ahead of the first quarter of 2002. Earnings for the quarter increased by 29 percent to $ 29,678 or $0.024 per share. Bill Ulland, IKONICS President and CEO, said that the flat sales performance was caused by some war related softness in the domestic market and the timing of a large container shipment to Asia. In 2002 the shipment was made in the first quarter. This year it is scheduled to occur in the second quarter. Ulland also said that company chemists were making good progress in the reformulation of the RapidMask(TM) technology, acquired from DuPont Corporation in February 2003, and expects to introduce the product to the marketplace in the second half of the year. On December 16, 2002, The Chromaline Corporation changed its name to IKONICS Corporation. IKONICS stock is listed on the Nasdaq SmallCap market under the symbol IKNX. This press release contains forward-looking statements regarding sales, earnings, and new products that involve risks and uncertainties. The company's actual results could differ materially as a result of domestic and global economic conditions, competitive market conditions, acceptance of new products, the ability to identify and make suitable acquisitions, as well as the factors described in the company's Form 10-KSB on file with the SEC. IKONICS CORPORATION STATEMENTS OF INCOME For the Three Months Ending March 31, 2003 and 2002
THREE MONTHS ENDED 3/31/03 3/31/02 ------------ ------------ Sales $ 2,830,649 $ 2,782,372 Costs, expenses, and other income 2,784,991 2,745,221 ------------ ------------ Income before income taxes $ 45,658 $ 37,151 Federal and state income tax expense 15,980 14,104 ------------ ------------ Net income $ 29,678 $ 23,047 ============ ============ Earnings per common share - diluted $ .02 $ .02 ============ ============ Average shares outstanding - diluted 1,254,045 1,263,916
UNAUDITED INTERIM FINANCIAL STATEMENTS -----END PRIVACY-ENHANCED MESSAGE-----