-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000950137-07-006325.txt : 20070430
<SEC-HEADER>0000950137-07-006325.hdr.sgml : 20070430
<ACCEPTANCE-DATETIME>20070430153953
ACCESSION NUMBER:		0000950137-07-006325
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070426
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070430
DATE AS OF CHANGE:		20070430

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:		07800120

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c14727e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>

                                  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 26, 2007
                                                 -------------------------------

                               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
                                                   ----------------------------

         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):

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

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

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

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


<PAGE>


Item 2.02. Results of Operations and Financial Condition.

         On April 26, 2007, IKONICS Corporation (the "Company") reported its
financial results for the quarter ended March 31, 2007. See the Company's press
release dated April 26, 2007, which is furnished as Exhibit 99 hereto and
incorporated by reference in this Item 2.02.

Item 7.01 Regulation FD Disclosure.

         A copy of the Company's corporate profile dated April 26, 2007 is being
furnished as Exhibit 99.2 hereto.

Item 9.01. Financial Statements and Exhibits.


         (d)      Exhibit.

         99.1     Press Release dated April 26, 2007

         99.2     Corporate Profile dated April 26, 2007



                                       2

<PAGE>


                                   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, 2007                       /s/ Jon Gerlach
                                            -----------------------------------
                                            Jon Gerlach
                                            Chief Financial Officer
                                            and Vice President of Finance




                                       3
<PAGE>




                                  EXHIBIT INDEX

<Table>
<Caption>
                                                                                           Method
Exhibit                              Description                                         of Filing
- -------                              -----------                                         ---------
<S>        <C>                                                                       <C>
99.1       Press Release dated April 26, 2007....................................    Filed Electronically

99.2       Corporate Profile dated April 26, 2007................................    Filed Electronically
</Table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c14727exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1

(IKONICS LOGO)
4842 Grand Ave., Duluth, MN 55807
Phone: 218-628-2217 Fax: 218-628-3245
www.ikonics.com  info@ikonics.com

                                  NEWS RELEASE

NEWS CONTACT:  Bill Ulland                                 FOR IMMEDIATE RELEASE
               Chairman, President & CEO                   April 26, 2007
               (218) 628-2217


                       IKONICS POSTS FIRST QUARTER RESULTS

DULUTH, MN - IKONICS Corporation, a Duluth based imaging technology company,
announced today a 4% increase in sales to $3,508,000 for the first quarter of
2007, compared to $3,372,000 for the same period in 2006. Sales in 2007 were a
first quarter record. Earnings declined by 4% to $94,000, or $0.05 per diluted
common share, for the quarter compared to $98,000, or $0.05 per diluted common
share, for the first quarter of 2006.

Bill Ulland, IKONICS CEO, said that first quarter has in recent years been
IKONICS' weakest, and 2007 was no exception. Compared to the same period in
2006, first quarter 2007 income from operations decreased due to expenses
related to the image mate(TM) product line integration, Sarbanes-Oxley
compliance expenses, and seasonal buying patterns in Asia. A $55,000 gain on the
sale of our investment in Apprise Technologies Inc. was not sufficient to offset
these expenses. Although the image mate integration is going well, sales did not
gain traction until later in the quarter while additional costs incurred
throughout the quarter negatively impacted earnings. The Company also realized a
tax benefit during the quarter resulting from the reversal of a valuation
allowance and other tax accrual adjustments.

Ulland added that during the quarter the company made a further capital
investment in its industrial ink jet technology and continued to incur expenses
related to commercializing its ceramic and electronic wafer etching technology.
"We are experiencing limited prototype sales from both projects and anticipate
commercial sales later in 2007," said Ulland.

"In spite of the typical slow start to the year, I am optimistic that 2007 will
be another successful year for IKONICS," said Ulland.










This press release contains forward-looking statements regarding sales,
earnings, new products and acquisitions 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, complete and integrate suitable acquisitions,
as well as the factors described in the company's Form 10-KSB, Forms 10-QSB and
other reports on file with the SEC.


<PAGE>
                               IKONICS CORPORATION

                 CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
               For the Three Months Ended March 31, 2007 and 2006

<TABLE>
<CAPTION>

                                                       THREE MONTHS ENDED
                                                    03/31/07         03/31/06
                                                   -----------      -----------
<S>                                                <C>              <C>
Sales                                              $ 3,507,767      $ 3,371,800
Costs and expenses                                   3,511,434        3,249,798
                                                   -----------      -----------
Income (Loss) from Operations                           (3,667)         122,002
Gain on sale of investment                              55,159               --
Interest Income                                         32,907           23,788
                                                   -----------      -----------
Income before income taxes                         $    84,399      $   145,790
Federal and state income tax (expense) benefit           9,698          (47,488)
                                                   -----------      -----------
Net income                                              94,097           98,302
                                                   ===========      ===========
Earnings per common share-diluted                  $      0.05      $      0.05
                                                   ===========      ===========
Average shares outstanding-diluted                   2,064,511        2,019,238
</TABLE>


                            CONDENSED BALANCE SHEETS
                   As of March 31, 2007 and December 31, 2006

<TABLE>
<CAPTION>

ASSETS                                                 3/31/07        12/31/06
                                                     -----------     -----------
<S>                                                  <C>             <C>
                                                     (UNAUDITED)
Current assets                                       $ 8,327,872     $ 8,229,210
Property, plant and equipment, net                     1,008,418         991,920
Investment in non-marketable
   equity securities                                     791,451         988,910
Intangible assets                                        496,155         485,421
Deferred income taxes                                     48,000          48,000
                                                     -----------     -----------
                                                     $10,671,896     $10,743,461
                                                     ===========     ===========
LIABILITIES AND EQUITY
Current liabilities                                  $   669,795     $   879,362
Long term debt                                                --              --
Stockholders' equity                                  10,002,101       9,864,099
                                                     -----------     -----------
                                                     $10,671,896     $10,743,461
                                                     ===========     ===========
</TABLE>


                  CONDENSED STATEMENTS OF CASH FLOW (UNAUDITED)
               For the Three Months Ending March 31, 2007 and 2006

<TABLE>
<CAPTION>

                                                           3/31/07         3/31/06
                                                         -----------     -----------
<S>                                                      <C>             <C>
Net cash provided by operating activities                    193,372          18,363
Net cash provided by (used in) investing activities          153,120        (217,178)
Net cash provided by financing activities                     28,384         121,221
                                                         -----------     -----------
Net increase (decrease) in cash and cash equivalents         374,876         (77,594)
Cash and cash equivalents at beginning of period           3,428,186       3,412,072
                                                         -----------     -----------
Cash and cash equivalents at end of period               $ 3,803,062     $ 3,334,478
                                                         ===========     ===========
</TABLE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>c14727exv99w2.txt
<DESCRIPTION>CORPORATE PROFILE
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.2


IKONICS                            bringing unique imaging solutions
CORPORATION                           to the people of the world

                                   SINCE 1952


IKONICS has traditionally grown through two core businesses, both based on film
and liquid photochemical products. Chromaline Screen Print Products sells
photo-stencils and related products, including inkjet receptive substrates, to
the world wide screen printing market. PhotoBrasive Systems sells photoresists
to the awards and recognition market, primarily for the abrasive etching of
glass trophies and awards. PhotoBrasive Systems also sells ancillary products to
this market, including glass and equipment.

Though these markets are mature, domestically, both businesses remain
attractively profitable. IKONICS is the third-largest supplier of photo-stencils
to the domestic screen printing market and the largest of two suppliers of
photoresist and related products to the awards and recognition market.

Part I of IKONICS' strategic plan is to profitably grow these two businesses
through acquisition, further expansion into the export market (particularly
Asia), new proprietary products, and movement into related industries. In 2006,
IKONICS acquired the image mate(R) line of screen print products, providing new
distribution and products for the domestic and export markets. IKONICS has
expanded its photoresist business into the signage market and introduced
IKONMetal(TM), a proprietary metal that can be laser engraved, rotary engraved
or sandblasted. This product has been well received in both the awards and
recognition and signage markets.

Part II of the strategic plan is to bring IKONICS' technological strengths of
photochemistry, film coating and inkjet receptive substrates to new, more
industrial markets with larger sales potential. Presently, two major initiatives
employ this strategy:

IKONICS Imaging, Industrial Solutions has developed a proprietary, highly
effective method of etching industrial ceramics and electronic wafers. For
certain applications this method is the most cost effective and--in some
cases--the only feasible method. This technology is offered as a service,
primarily to industrial ceramics, aerospace and research organizations. To
accommodate this business, the process has been automated and a clean room
environment has been installed. Several projects are currently in progress.
Unlike IKONICS' traditional businesses, where credibility is well-established
and sales cycles are comparatively short, this business entails long sales
cycles, exacerbated by newcomer status in the targeted industries. Still, good
and consistent progress is being made; and significant sales are anticipated in
the second half of 2007. We believe the ultimate market potential of this
business exceeds current company sales.

Industrial Solutions is also working on a patent-applied-for digital inkjet
deposition technology for the plastic injection mold-making industry. If
successful, this technology could revolutionize the method of putting texture
patterns into molds, such as those used to produce the simulated leather
interiors in automobiles. In association with Imaging Technology International
(iTi), IKONICS is currently developing a digital imaging system to complement a
proprietary fluid and inkjet receptive substrate, both of which have been
developed by IKONICS for this application. Progress on this project is
intensifying and sales are being recorded. Production equipment jointly
developed by IKONICS and iTi is scheduled to be installed in the 4th quarter and
a broader scope of commercial sales is anticipated in 2008. We believe the
market potential is larger than current IKONICS' sales.

Although both of these projects are expensive and may adversely affect
short-term earnings, they are funded from cash flow and in no way jeopardize the
future of the company or significantly restrict other opportunities should they
not succeed. If either succeeds, the face of IKONICS will be significantly
changed, putting the company into larger, dynamic markets with the opportunity
for further capitalization on IKONICS' technology.

<TABLE>
<CAPTION>

<S>                        <C>                       <C>
4832 Grand Avenue, Duluth, MN 55807 1-800-328-4261 p: 218-628-2217 f: 218-628-3245 www.ikonics.com info@ikonics.com
ISO 9001 Certified         NASDAQ Listed: IKNX       Copyright (C) 2007 Ikonics Corporation. All rights reserved.
</TABLE>


<PAGE>

IKONICS' TECHNOLOGY

Traditionally, IKONICS' technical strengths have been photochemistry and coated
films. Its team of chemists and engineers have developed unique skills and
proprietary and patented products. IKONICS also holds exclusive licenses from
DuPont and the Aicello Corporation of Japan for photoresist films. These skills
and products give IKONICS a strong IP base and advantage in its core markets and
a platform on which to grow into new markets.

IKONICS has identified industrial digital imaging as a growth area where its
expertise in ink jet receptive coated films can create a competitive advantage
in a large and growing market. To help achieve this goal, the company has
acquired an ownership interest in iTi, a recognized leader in industrial inkjet
technology and has established a state-of-the-art digital imaging laboratory at
its Duluth headquarters. This has allowed the company to develop and apply for a
patent on a unique inkjet receptive substrate and develop a proprietary
inkjettable fluid to complement that substrate.

IKONICS also identified the etching of industrial ceramics and electronic wafers
as a unique opportunity to capitalize on its photoresist technologies. Using
RapidMask(TM) technology, licensed from DuPont, and internally developed PMP
film, a highly efficient process was developed to etch ceramics and wafers. This
process has been automated by IKONICS engineers and a clean room environment
established to meet the demands of this highly technical market.

EMPLOYEES

IKONICS Corporation employs approximately 70 fulltime employees, 65 of whom are
located at the Company's headquarters in Duluth, Minnesota, the remaining five
serving as outside technical sales representatives in various locations around
the United States. Employees are not subject to a collective bargaining
agreement and the Company believes that employee relations are good.

This document contains forward-looking statements regarding sales, net 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, Forms 10-QSB and other reports on file
with the SEC.

The date of this document is April 26, 2007 and it speaks only as of that date.
The company undertakes no duty to update this document and the information
herein my abe inaccurate as a result.

ESTABLISHED 1952

IKONICS begins as Chroma-Glo, Inc., a screen printer of precision metallic
labels.

1964

Chroma-Glo develops and patents a novel photo-chemical imaging process and
product, the Direct/Indirect photo stencil system. The company begins
manufacturing and selling stencil supply products to other screen printers.

1982

Chroma-Glo becomes the Chromaline Corporation and sells its screen printing
operation, concentrating resources on the development, manufacturing and
marketing of photo stencil products to the screen printing industry.

1986

Chromaline makes a major commitment to international sales. Today, non-domestic
sales account for 30% of the company's total revenue.

1992

The company expands its photochemical technology to the abrasive etching
industry where under the PhotoBrasive Systems trade name, the company is
recognized world-wide as a leading supplier and innovator.

1994

The Chromaline Corporation becomes ISO 9001 certified, among the first of its
industry peers.

2000

The Chromaline Corporation is listed on the NASDAQ SmallCap market.

2002

The company changes its name and reorganizes as IKONICS Corporation.

2005

Fortune Small Business ranks IKONICS 57th on its list of 100 Fastest Growing
Small Public Companies.

IKONICS invests in Imaging Technology International (iTi).

2006

IKONICS Imaging is created as an organizational umbrella containing PhotoBrasive
Systems, Sign Systems and Industrial Solutions.

IKONICS acquires image mate(R) from Franklin International.

2007

IKONICS registers sales to new, high-growth industrial markets, including
photomachining on ceramic wafers and digital texturing for the injection
mold-making market.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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