Loading...
•
Jun 30, 2021
Terawulf Q2 2021 Earnings Report
Announced second quarter 2021 results, showing revenue increase and improved earnings compared to the pandemic-affected second quarter of 2020.
Key Takeaways
IKONICS reported a 65% increase in revenue for Q2 2021 compared to Q2 2020. The company posted a net loss of $722,000, an improvement from the $1,042,000 loss in Q2 2020. On a non-GAAP basis, the company realized earnings of $75,000, or $0.04 per diluted share.
Second quarter revenue increased by 65% compared to the same period last year.
Net loss improved compared to the pandemic-affected second quarter of 2020.
Non-GAAP earnings were $75,000, or $0.04 per diluted share.
IKONART® sales continued to be robust with a greater than 100% CAGR since 2019.