Company Quick10K Filing
Ikonics
10-K 2019-12-31 Filed 2020-03-03
10-Q 2019-09-30 Filed 2019-11-13
10-Q 2019-06-30 Filed 2019-08-13
10-Q 2019-03-31 Filed 2019-05-13
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-08-13
10-Q 2018-03-31 Filed 2018-05-14
10-K 2017-12-31 Filed 2018-03-02
10-Q 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-14
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-03
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-12
10-Q 2016-03-31 Filed 2016-05-12
10-K 2015-12-31 Filed 2016-03-02
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-14
10-K 2014-12-31 Filed 2015-03-05
10-Q 2014-09-30 Filed 2014-11-14
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-14
10-K 2013-12-31 Filed 2014-03-05
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-14
10-K 2012-12-31 Filed 2013-03-05
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-05-14
10-K 2011-12-31 Filed 2012-03-06
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-12
10-Q 2011-03-31 Filed 2011-05-12
10-K 2010-12-31 Filed 2011-03-03
10-Q 2010-09-30 Filed 2010-11-12
10-Q 2010-06-30 Filed 2010-08-12
10-Q 2010-03-31 Filed 2010-05-13
10-K 2009-12-31 Filed 2010-03-02
8-K 2020-03-17 Amend Bylaw, Exhibits
8-K 2020-02-20 Earnings, Exhibits
8-K 2020-01-07 Enter Agreement, Officers, Regulation FD, Exhibits
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-10-18 Enter Agreement
8-K 2019-08-02 Earnings, Exhibits
8-K 2019-04-25 Officers, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-24 Officers, Exhibits
8-K 2019-02-21 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-04-26 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-02-22 Earnings, Exhibits

Ikonics Financials

IKNX Metrics, Comps, Filings

Quarterly | Annual

Business

The Company has four primary technology platforms: ultraviolet (UV) chemistry, film coating and construction, technical abrasive etching, and industrial inkjet printing. The Company's traditional products and new initiatives are based on these platforms and their combinations. The Company's Chromaline branded products for the screen printing industry and IKONICS Imaging products for the awards and recognition market are based on UV chemistry and film coating and construction capabilities; the AMS offering is a combination of UV chemistry, film coating and construction and technical abrasive etching capabilities; DTX is a combination of UV chemistry, film coating and construction, and industrial inkjet printing. There is overlap and synergy in the market between the Domestic, Ikonics Imaging, AMS and DTX product offerings, and the Company offers ancillary products, including equipment to provide customers with a total solution. The Company considers this combination of core technologies and product offerings to be unique.

The Company currently has approximately 200 domestic and international distributors for its Chromaline and ImageMate screen printing emulsions and films. The Company's abrasive etching products are mainly sold directly to end users in the awards and recognition market under the Ikonics Imaging brand. AMS products are sold either directly to users or the Company offers AMS as a service. DTX includes the sales of consumable inks and films to customers that have purchased specialized industrial inkjet printers from the Company's strategic partner. DTX sales are primarily direct to end users. The Company markets and sells its products through magazine advertising, trade shows and the internet.

The Company has a diverse customer base both domestically and abroad, with international sales accounting for 29.4% of total sales in 2018 and 30.5% of total sales in 2017, and does not depend on one or a few customers for a material portion of its revenues. In 2018 and 2017, no one customer accounted for more than 10% of net sales.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Servotronics (SVT) 25,014 23% 8.4 4% 45,701 12,575 38,432 8,877 1,944 3,343 28,046
Chicago Rivet & Machine (CVR) 25,061 19% 22.2 3% 33,076 3,412 25,686 4,860 832 1,073 23,852
Sypris Solutions (SYPR) 23,865 12% 29.4 -4% 64,231 50,819 66,267 7,906 -2,359 571 16,812
CVD Equipment (CVV) 22,713 11% -9.9 -7% 49,534 16,373 14,092 1,505 -3,708 -2,780 27,522
Neonode (NEON) 20,681 95% -7.9 -31% 9,510 3,227 5,032 4,796 -2,923 -2,231 17,656
Dynasil of America (DYSL) 16,712 37% 14.5 -1% 30,827 12,039 43,701 16,074 -392 1,482 21,495
Ikonics (IKNX) 13,653 30% -63.2 -4% 17,162 4,828 12,655 3,850 -733 -249 15,749
Bonso Electronics (BNSO) 13,592 0% 22,486 7,337 0 0 0 0 8,550
Electro Sensors (ELSE) 13,322 53% 28.7 1% 13,595 761 6,317 3,376 91 356 10,205
Trio-Tech (TRT) 13,874 23% 1.7 5% 36,118 11,549 38,976 9,152 1,753 4,869 8,490
Cemtrex (CETX) 9,858 39% 9.4 -6% 73,362 42,388 63,344 25,016 -4,618 1,066 10,004
Schmitt Industries (SMIT) 8,930 38% -11.2 -8% 10,113 1,338 13,712 5,194 -829 -652 7,327
Arts Way Manufacturing (ARTW) 8,619 17% -28.7 -6% 20,868 8,939 15,375 2,569 -1,251 -386 11,071
voxeljet (VJET) 7,834 0% 69,352 0 0 0 0 7,834
ToughBuilt Industries (TBLT) 10,179 26% -3.5 -17% 12,665 12,493 14,561 3,838 -2,182 -2,182 7,723
FLIR Systems (FLIR) 7,326 50% 0.9 8% 3,197,880 1,328,230 1,846,445 924,645 268,429 394,929 368,919
Ideal Power (IPWR) 472 0.1 -106% 2,919 1,333 0 0 -3,105 -3,022 -298
American Electric Technologies (AETI) 15,121 4% 8.4 -4% 91,448 23,288 23,004 888 -3,867 1,513 12,682
DPW Holdings (DPW) 3,582 26% -0.3 -44% 47,426 29,500 19,469 5,119 -21,078 -13,446 3,972
Greenland Technologies Holding Corporation (GTEC) 0.6 -1% 45,707 1,984 0 0 -303 -303 -192

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash1,1031,4901,8671,9901,5382,2499685171,2691,1791,7042,1431,1302,2041,9361,9382,3693,0372,2481,0658019171,0496081,2402,0019301,1621,3561,5601,623617297759
Accounts Receivable2,2272,2682,1812,2192,4172,2682,0602,1852,3841,9002,0512,2132,2442,0492,0961,7502,1552,2832,1652,2211,8112,1542,3371,9312,0671,6442,1902,0321,8691,9762,2151,8212,2232,211
Inventory2,5782,3112,2352,4132,6852,5752,6792,9652,4332,5162,5552,8892,6312,6892,6312,7432,3642,2782,1202,2542,2162,0791,9862,2332,2772,5462,0862,3692,4722,2712,0472,8402,5122,573
PP&E9,3359,9139,90110,13110,22210,27310,22110,42910,55410,78210,86510,96411,21311,21311,20611,58211,77312,97214,36515,11315,85215,92315,91415,97416,02316,02915,99516,04416,27116,44716,27116,33416,44416,547
Assets13,66314,09314,16714,50214,35514,79413,18413,34013,11413,72414,00214,74214,43215,04314,62815,14914,64415,30115,21014,87518,00718,17418,29617,88217,86417,35816,92416,98617,40517,30617,41916,99916,70017,162
Accounts Payable462690550826496506594743317660532879512797371858596452420591511747730842875801322609830711648860533773
Long-Term Debt3,4043,2363,2053,1733,1413,1103,0773,0453,0132,9833,0582,9182,8872,855
Liabilities1,0501,2571,1771,5651,1621,3501,3901,5811,0311,5221,4021,9131,3501,8191,2892,0351,4972,0311,7151,5644,6504,7284,8374,7964,8914,7083,9664,1554,4264,3484,3084,3414,1774,828
Stockholders' Equity12,61312,83612,99112,93713,19213,44511,79511,75812,08312,20312,60012,82913,08213,22513,33813,11413,14813,27013,49513,31213,35713,44613,45913,08612,97312,65012,95812,83012,97912,95813,11112,65812,52312,334
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue4,5874,3614,1784,0104,5474,2314,5244,0224,6554,2174,5974,4655,1724,4784,6223,5984,6544,5434,7684,0134,1974,6084,7533,6294,6853,9844,9454,0714,6344,6513,5294,5964,530
Cost of Revenue2,7332,6822,4702,5042,7442,4782,6412,5582,7712,5762,6492,7053,3442,8503,0172,4973,0142,9252,9812,7172,6742,9403,0022,5393,2422,6603,0722,7092,9723,1252,5203,1683,118
Gross Profit1,8541,6801,7091,5061,8031,7531,8831,4641,8841,6421,9481,7591,8281,6281,6051,1011,6401,6181,7871,2971,5221,6671,7511,0901,4431,3241,8731,3621,7011,5271,0091,4281,412
R&D137130145176199141160173153150174143177169175156193158154178147150172166200169170154156180179270218
SG&A1,2681,2541,3061,4261,4581,2731,2971,4661,3291,3301,2441,3011,2401,2821,3021,4161,2531,2701,3251,4391,3251,3581,4901,5111,5471,3051,2971,3491,3521,3691,3821,3391,347
Tax14421905125113120111101202112965732411168738812-26065-9-45-54074008-702
Net Income310215137-62243228-88293116361205287139106-22928117219-19339826-379-105-111369-131145-25-455-116-163
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating550328159-347755-2482661,13331635410813-260491-22327669-156684276113-2459757113765193-618-151149
Cash Investing-16546-40-113-62-245465-1,22218372-1,056262-9-489452340-1,457-1,031-4,213-12653-160918-1,027155-53744-352-114376
Cash Financing2419-34-35-35-254-102-36-34-33-35-55-64