Kodak's Q4 2024 revenue decreased by 3% year-over-year to $266 million, but the company achieved a substantial improvement in profitability. Net income surged to $26 million from $5 million, while operational EBITDA rose from $2 million to $9 million. The gross profit margin expanded to 19%, reflecting cost optimizations. Kodak remains focused on growth initiatives, including its pharmaceutical manufacturing expansion and digital print innovations.
Kodak reported third-quarter 2024 financial results, featuring a decrease in revenue to $261 million but a significant increase in net income to $18 million. The company focused on strategic investments in growth areas like Advanced Materials & Chemicals and addressed industry dynamics through tariff initiatives.
Kodak reported a decrease in revenue and net income for Q2 2024 compared to Q2 2023. However, the gross profit percentage increased. The company is investing in its Advanced Materials & Chemicals group and seeing results in growing revenue in key product areas.
Kodak's first-quarter 2024 results showed a decrease in revenue to $249 million and a slight decrease in net income to $32 million compared to Q1 2023. However, the company increased its gross profit percentage to 20% and ended the quarter with a higher cash balance of $262 million.
Kodak reported a decrease in revenue but an increase in gross profit for the fourth quarter of 2023. The company's net income decreased compared to the same period last year, and operational EBITDA also declined.
Kodak reported a slight decrease in revenue but an increase in gross profit and Operational EBITDA. The company's cash balance increased, and cash flow from operations improved significantly year-to-date. Kodak is focused on driving operational efficiency, smart revenue, and investing in growth initiatives.
Kodak's Q2 2023 financial results revealed a revenue of $295 million and a net income of $35 million. The company experienced an increase in gross profit and Operational EBITDA compared to the previous year. They also placed their first two new inkjet presses and acquired Graphic Systems Services, Inc. (GSS).
Kodak reported a net income of $33 million for Q1 2023, a significant improvement compared to the net loss of $3 million in Q1 2022. The company's gross profit increased by 52% year-over-year, driven by pricing and operational efficiency improvements. However, consolidated revenues decreased by 4% to $278 million due to unfavorable foreign exchange impacts.
Kodak reported a slight decrease in consolidated revenues, but a significant increase in GAAP net income and Operational EBITDA for Q4 2022. The company's performance reflected the success of its strategic plan, focusing on core businesses and cost reduction.
Kodak reported consolidated revenues of $289 million, a slight increase from $287 million in Q3 2021. However, GAAP net income decreased to $2 million compared to $8 million in the prior-year quarter. The company's profitability was negatively impacted by increasing labor and materials costs, as well as unfavorable foreign exchange rates.
Kodak reported consolidated revenues of $321 million, a net income of $20 million, and an operational EBITDA of $11 million for Q2 2022. The company saw year-over-year growth in revenues and quarter-sequential growth in gross profit, driven by improved pricing and volume.
Kodak reported a revenue increase of $25 million compared to Q1 2021, with consolidated revenues reaching $290 million. However, the company experienced a GAAP net loss of $3 million, and an Operational EBITDA of negative $7 million.
Kodak reported full year 2021 financial results, with consolidated revenues of $1.150 billion. The company saw revenue growth in all segments and an increase in customer satisfaction and market share in the key print business. The company ended the year with a cash balance of $362 million.
Kodak reported consolidated revenues of $287 million and a net income of $8 million for Q3 2021. The company saw growth in key product areas, including SONORA Process Free Plates volume and PROSPER annuities.
Kodak's Q2 2021 financial results showed strong performance with consolidated revenues of $291 million and a GAAP net income of $16 million. The company ended the quarter with a cash balance of $395 million, reflecting improvements across all divisions.
Kodak reported Q1 2021 financial results, including consolidated revenues of $265 million and net income of $6 million. The company's cash balance increased to $401 million.
Kodak reported full-year 2020 consolidated revenues of $1.018 billion and increased its cash balance in the second half of the year. The company mitigated the impact of COVID-19 with cost-saving initiatives and launched innovative print-business products.
Kodak reported a consolidated revenue of $252 million for Q3 2020, a decrease of $63 million compared to the same period in 2019. The company's cash balance increased by $13 million, and GAAP net loss was $445 million, which included a $416 million charge. $100 million of secured convertible notes were converted into common stock.
Kodak reported a consolidated revenues of $213 million and a net loss of $5 million for the second quarter of 2020. The company's cash balance at quarter-end was $180 million. Revenues declined by approximately $94 million compared to the same period in 2019, impacted by the COVID-19 pandemic.
Kodak reported a consolidated revenue of $267 million for Q1 2020. The company experienced a GAAP net loss of $111 million, which included expenses related to deferred tax valuation allowances and income from embedded derivatives. The company is focusing on digital print and new products.
Kodak reported full year 2019 financial results. The company reported revenues of $1.2 billion and net earnings of $116 million. Kodak generated positive cash flow in Q4 2019.