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Sep 30, 2022
Kodak Q3 2022 Earnings Report
Kodak's revenue slightly increased year-over-year, but net income declined due to challenging business environment.
Key Takeaways
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.
Consolidated revenues reached $289 million, up from $287 million in Q3 2021.
GAAP net income was $2 million, down from $8 million in Q3 2021.
Operational EBITDA was $7 million, compared to $6 million for Q3 2021.
Cash balance at quarter-end was $216 million, a decrease from $362 million at the end of 2021.
Kodak
Kodak
Forward Guidance
Kodak will continue to make strategic decisions focused on driving smart revenue.