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From April to June 2025, Kodak experienced a net loss of $26 million, or $0.36 per share, compared to a net profit of $26 million, or $0.23 per share, during the same period the previous year.
Revenue fell to $263 million, down from $267 million the previous year.
The cash balance at the end of June stood at $155 million compared to $201 million on December 31, 2024.
The report from the company states that there are debt obligations maturing within 12 months, while simultaneously lacking the liquid assets required to meet them under existing terms. In this context, the company questions its capacity to maintain operations.
Kodak is working to enhance operational efficiency and boost investments in promising sectors. Toward the close of the previous year, the organization declared its plan to terminate the corporate pension scheme to decrease expenses. By August 15, Kodak intends to decide how it will meet its commitments to those involved in this program, which it anticipates concluding by the year's end.
source: bloomberg.com
Revenue fell to $263 million, down from $267 million the previous year.
The cash balance at the end of June stood at $155 million compared to $201 million on December 31, 2024.
The report from the company states that there are debt obligations maturing within 12 months, while simultaneously lacking the liquid assets required to meet them under existing terms. In this context, the company questions its capacity to maintain operations.
Kodak is working to enhance operational efficiency and boost investments in promising sectors. Toward the close of the previous year, the organization declared its plan to terminate the corporate pension scheme to decrease expenses. By August 15, Kodak intends to decide how it will meet its commitments to those involved in this program, which it anticipates concluding by the year's end.
source: bloomberg.com