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Mar 31, 2023
Kodak Q1 2023 Earnings Report
Kodak reported positive net income and increased gross profit despite revenue decline.
Key Takeaways
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 net income of $33 million, a $36 million increase compared to Q1 2022.
Gross profit increased by 52% year-over-year, reaching $50 million.
The company's cash balance increased by $8 million, ending the quarter at $225 million.
Consolidated revenues decreased by 4% to $278 million.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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