Kodak Q4 2024 Earnings Report
Key Takeaways
Kodak's Q4 2024 revenue decreased by 3% year-over-year to $266 million, but the company achieved a substantial improvement in profitability. Net income surged to $26 million from $5 million, while operational EBITDA rose from $2 million to $9 million. The gross profit margin expanded to 19%, reflecting cost optimizations. Kodak remains focused on growth initiatives, including its pharmaceutical manufacturing expansion and digital print innovations.
Revenue declined 3% year-over-year to $266 million in Q4 2024.
Net income increased significantly to $26 million, up from $5 million in Q4 2023.
Operational EBITDA surged to $9 million, marking a 350% increase.
Gross profit margin improved to 19%, reflecting operational efficiencies.
Kodak
Kodak
Kodak Revenue by Segment
Forward Guidance
Kodak expects continued investments in growth initiatives, particularly in its pharmaceutical and digital print businesses, with an emphasis on improving profitability.
Positive Outlook
- Expansion in pharmaceutical manufacturing with a new cGMP facility.
- Growing demand for Kodak's film and print businesses.
- Operational efficiencies leading to improved gross profit margins.
- Investments in digital print innovation, including the PROSPER 7000 Turbo Press.
- Financial stability with a strong cash position of $201 million.
Challenges Ahead
- Revenue decline in the print division due to competitive pressures.
- Higher manufacturing costs impacting profitability in some areas.
- Ongoing restructuring and investment expenses affecting short-term margins.
- Potential macroeconomic risks, including inflation and supply chain disruptions.
- Foreign exchange fluctuations continuing to impact financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income