earnings
confidence high
sentiment negative
materiality 0.90
Kodak Q2 net loss $26M; going concern doubt raised on debt obligations
EASTMAN KODAK CO
2025-Q2 EPS reported
-$0.48
revenue$510,000,000
- GAAP net loss of $26M vs net income of $26M in Q2 2024; revenue $263M, down 1% YoY.
- Operational EBITDA $9M, down 25% YoY; lower volumes and higher aluminum and manufacturing costs.
- Substantial doubt about going concern due to debt and preferred stock; pension reversion plan not solely within control.
- AM&C pharma facility FDA-registered; will start PBS production, bridge to injectable IV saline.
- Cash $155M, down $46M from Dec 31, 2024; Q2 cash use improved to $3M reduction.