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Stock impact report

Kodak Reports Fourth-Quarter and Full-Year 2023 Financial Results

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: GlobeNewswire
ROCHESTER, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the fourth quarter and full year 2023. Fourth-quarter 2023 highlights include: Consolidated revenues of $275 million, compared with $305 million for Q4 2022, a decrease of $30 million or 10 percent (decreased by $35 million on a constant currency basis, or 11 percent)Gross profit of $47 million, compared with $43 million for Q4 2022, an increase of $4 million or 9 percentGross profit percentage of 17 percent, compared with 14 percent for Q4 2022 an increase of 3 percentage pointsGAAP net income of $5 million, compared with net income of $7 million for Q4 2022, a decrease of $2 million or 29 percentOperational EBITDA of $2 million, compared with $7 million for Q4 2022, a decrease of $5 million or 71 percentA year-end cash balance of $255 million, compared with $246 million at the end of the third quarter of 2023, an increase of $9 million; cash flow from opera Show less Read more
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