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)  August 1, 2013

IKONICS CORPORATION

(Exact name of registrant as specified in its charter)

Minnesota	000-25727	41-0730027
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer 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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.             Results of Operations and Financial Condition.

On August 1, 2013, IKONICS Corporation (the “Company”) reported its financial results for the quarter and six months ended June 30, 2013.  See the Company’s press release dated August 1, 2013, which is furnished as Exhibit 99 hereto and incorporated by reference in this Item 2.02.

Item 9.01.             Financial Statements and Exhibits.

(d)              Exhibit.

99               Press Release dated August 1, 2013

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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: August 1, 2013	/s/ Jon Gerlach
	Jon Gerlach
	Chief Financial Officer
	and Vice President of Finance

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EXHIBIT INDEX

Exhibit	Description	Method of Filing
99	Press Release dated August 1, 2013	Filed Electronically

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EX-99

Exhibit 99

4832 Grand Avenue
Duluth, MN 55807 USA
Phone: (218) 628-2217
Fax: (218) 628-3245
Email: info@ikonics.com
Website: www.ikonics.com

News Contact:	Bill Ulland	For Immediate Release
	Chairman, President & CEO	August 1, 2013
	(218) 628-2217

IKONICS REPORTS RECORD SALES QUARTER

AND 21% NET EARNINGS INCREASE

DULUTH, MN - IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, reported second quarter net earnings of $293,000, or $0.15 per diluted share, a 21% increase over the second quarter of 2012.  For the third consecutive quarter, IKONICS posted record quarterly sales with an all-time record of $4,655,000, a 2% increase over the comparable 2012 quarter.

Bill Ulland, Ikonics CEO, said, “I am pleased with this strong rebound in earnings from our first quarter of the year. Particularly heartening was the performance of our DTX technology, which made a healthy contribution to our gross profit. Micro-Machining continues to lay the base for growth later this year and beyond.  Capital equipment is being installed to expand our capability to machine composite material for the aerospace industry, in anticipation of increased long-term orders beginning in the second half of 2013.”

“Our traditional businesses remain stable and profitable.” Mr. Ulland added. “Our domestic screen print supply division, Domestic Chromaline, had a record sales quarter and Ikonics Imaging sales were up 5% over the second quarter of 2012.  Export sales were flat, with Asia continuing to be our strongest export market.”

During the quarter Ikonics also was added to the Russell Microcap Index.

This press release contains forward-looking statements regarding sales, gross profits, net earnings, balance sheet position, industry trends and new products, technologies and businesses initiatives that involve risks and uncertainties. The Company’s actual results could differ materially as a result of downturns in the aerospace industry, unexpected production delays by the Company’s customers, lack of acceptance of new products and technologies, introduction of new products or technologies by competitors, the effects of federal budget sequestration, domestic and global economic conditions, inherent risk and uncertainty in the protection of intellectual property rights, the ability to control operating costs without impacting growth as well as the factors described in the Company’s Forms 10-K, and 10-Q, and other reports on file with the SEC.

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NASDAQ Listed: IKNX

IKONICS Corporation

CONDENSED STATEMENTS OF INCOME (unaudited)

For the Three Months and Six Months Ended June 30, 2013 and 2012

	Three Months Ended				Six Months Ended
	6/30/13		6/30/12		6/30/13		6/30/12
Net sales	$	4,654,745	$	4,547,080	$	8,677,017	$	8,556,704
Cost of goods sold	2,770,787		2,743,794		5,328,800		5,247,858
Gross profit	1,883,958		1,803,286		3,348,217		3,308,846
Operating expenses	1,482,468		1,438,636		3,120,529		3,040,547
Income from operations	401,490		364,650		227,688		268,299
Interest income	1,744		3,079		3,959		6,805
Income before income taxes	403,234		367,729		231,647		275,104
Income tax expense	110,122		124,646		26,285		94,427
Net income	$	293,112	$	243,083	$	205,362	$	180,677
Earnings per common share-diluted	$	0.15	$	0.12	$	0.10	$	0.09
Average shares outstanding-diluted	2,012,552		1,991,311		2,007,724		1,990,129

Condensed Balance Sheets

As of June 30, 2013 and December 31, 2012

	6/30/13		12/31/12
	(unaudited)
Assets
Current assets	$	7,252,171	$	7,417,041
Property, plant and equipment, net	5,523,014		5,461,878
Intangible assets, net	338,671		305,357
	$	13,113,856	$	13,184,276
Liabilities and Stockholders’ Equity
Current liabilities	$	600,350	$	1,023,531
Deferred income taxes	431,000		366,000
Long term debt	—		—
Stockholders’ equity	12,082,506		11,794,745
	$	13,113,856	$	13,184,276

CONDENSED STATEMENTS OF CASH FLOWS (unaudited)

For the Six Months Ended June 30, 2013 and 2012

	6/30/13		6/30/12
Net cash provided by (used in) operating activities	$	18,108	$	(187,898	)
Net cash provided by (used in) investing activities	219,933		(152,675		)
Net cash provided by financing activities	63,492		11,250
Net increase (decrease) in cash and cash equivalents	301,533		(329,323		)
Cash and cash equivalents at beginning of period	967,943		1,867,165
Cash and cash equivalents at end of period	$	1,269,476	$	1,537,842