Kodak Q3 2023 Earnings Report
Key Takeaways
Kodak reported a slight decrease in revenue but an increase in gross profit and Operational EBITDA. The company's cash balance increased, and cash flow from operations improved significantly year-to-date. Kodak is focused on driving operational efficiency, smart revenue, and investing in growth initiatives.
Consolidated revenues decreased by 7 percent to $269 million compared to Q3 2022.
Gross profit increased by 16 percent to $50 million compared to Q3 2022.
GAAP net income was $2 million, flat compared with Q3 2022.
Operational EBITDA increased by 71 percent to $12 million compared to Q3 2022.
Kodak
Kodak
Forward Guidance
Kodak will stay committed to executing its long-term strategic plan: investing in innovation, improving efficiency and focusing on meeting the needs of its customers.