Kodak Q1 2022 Earnings Report
Key Takeaways
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.
Consolidated revenues reached $290 million, up from $265 million in Q1 2021.
GAAP net loss was $3 million, compared to a net income of $6 million in Q1 2021.
Operational EBITDA was negative $7 million, compared to $3 million in Q1 2021.
The quarter-end cash balance was $309 million, down from $362 million at the end of 2021.
Kodak
Kodak
Forward Guidance
Kodak is focused on long-term growth and is making significant investments in print technology and advanced materials and chemicals initiatives. The company plans to continue executing its long-term strategy despite ongoing supply chain challenges and rising costs.