Kodak

May 12, 2020

•

Mar 31, 2020

Kodak Q1 2020 Earnings Report

Reported a net loss due to deferred tax valuation allowances and operational challenges amidst the COVID-19 pandemic.

Key Takeaways

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.

Consolidated revenues for Q1 2020 were $267 million.

GAAP net loss of $111 million included a $167 million expense related to deferred tax valuation allowances and $53 million income from embedded derivatives.

Operational EBITDA for the quarter was negative $8 million.

The company ended the quarter with a cash balance of $209 million.