 DULUTH, Minn., Feb. 18, 2021 GLOBE NEWSWIRE -- IKONICS Corporation the Company or IKONICS NASDAQ:IKNX, a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of 13,432,000, down 23.8 from the prior year. The Company realized a net loss for 2020 of 439,000, or 0.22 per diluted share, compared to a 2019 loss of 814,000, or 0.41 per diluted share. Fourth quarter sales were 4,228,000, down 14.8 versus the same quarter in 2019. Earnings for the fourth quarter improved from a loss of 80,000, or 0.04 per diluted share, in 2019 to income of 1,463,000, or 0.74 per diluted share in 2020. Year-to-date and fourth quarter earnings in 2020 were both favorably impacted by the Company receiving forgiveness on its 1,215,000 SBA PPP loan. 