Ikonics Corporation (NASDAQ:IKNX)

We will begin tracking the Ikonics story:

July 29, 2010 (GLOBE NEWSWIRE) -- IKONICS Corporation, a Duluth based imaging technology company, announced today that second quarter 2010

• sales increased by 12% over the second quarter of 2009
  
• earnings increased by 134% to $0.17 per share.

For the six months ended June 30, 2010

• sales were up 8%
  
• net income increased by 146% to $0.25 per share.

Bill Ulland, IKONICS CEO, said,

"I'm pleased to report a continuation of our strong recovery from last year's recession. All segments of the company contributed to these improved quarterly results, with the export business and our new business initiatives being particularly key to the improved financial results.

"I am optimistic that our new business initiatives will continue to generate sales increases for some time. As demonstrated by the second quarter results, our cost structure allows sales increases to have a very positive impact on profits."

The company does not have much value on trailing EPS, but comments suggest that the current EPS trend will be maintained.  We will request an interview and provide an update if warranted.