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Stock impact report

Kodak Reports Fourth-Quarter and Full-Year 2022 Financial Results

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak Company (NYSE: KODK) today reported financial results for the fourth quarter and full year 2022.Fourth-quarter 2022 highlights include:Consolidated revenues of $305 million, compared with $307 million for Q4 2021, a decrease of $2 million or 1 percent (increased by $17 million on a constant currency basis, or 6 percent)Gross profit percentage of 14 percent, compared with 11 percent for Q4 2021GAAP net income of $7 million, compared with net loss of $6 million for Q4 2021, an increase of 217 percentOperational EBITDA of $7 million, compared with negative $8 million for Q4 2021, an increase of 188 percentA year-end cash balance of $217 million, compared with $216 million at the end of the third quarter of 2022, reflecting an improvement in use of cash of $19 million from the comparable prior-year periodFull-year 2022 highlights include:Consolidated revenues of $1.205 billion, compared with $1.150 billion for the full year 2021, an incr Show less Read more
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