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Mar 31, 2024
Kodak Q1 2024 Earnings Report
Kodak reported a decrease in revenue and net income, but an increase in gross profit percentage and cash balance during the first quarter of 2024.
Key Takeaways
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.
Consolidated revenues decreased by 10 percent to $249 million compared to Q1 2023.
Gross profit decreased slightly to $49 million, but gross profit percentage increased to 20 percent.
GAAP net income decreased by 3 percent to $32 million compared to the same period last year.
The company's cash balance increased to $262 million, driven by improvements in working capital and proceeds from brand licensing.
Revenue by Segment
Forward Guidance
Kodak plans to continue its momentum by meeting customer needs and investing in growth for the next generation, focusing on investing for growth, increasing operational efficiency and helping customers succeed.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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