Kodak Q2 2023: Revenue $295M (-8% YoY), Net Income $35M (+$15M), EBITDA Doubled to $22M

EASTMAN KODAK CO

2023-Q2 EPS reported $0.63 revenue$573,000,000

Revenue $295M vs $321M (-8%); gross profit $63M (+24%) driven by pricing and efficiency.
GAAP net income $35M vs $20M; Operational EBITDA $22M vs $11M; cash balance $223M up $6M in H1 2023.
Print revenue $215M (-$37M); Advanced Materials & Chemicals revenue $72M (+$11M).
Placed first two new inkjet presses (PROSPER ULTRA 520 and PROSPER 7000 Turbo); acquired GSS.
Refinanced term debt; entered perpetual brand licensing agreement with EssilorLuxottica.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

EASTMAN KODAK CO reported the second quarter 2023 results: revenue $295 million, net income $35 million.

Period: the second quarter 2023
Revenue: $295 million
Net income: $35 million
Result: reported results

Exact text from the filing

8, 2023--Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2023. Second quarter 2023 highlights include: Consolidated revenues of $295 million, compared with $321 million for Q2 2022, a decrease of $26 million or 8 percent Gross profit of $63 million, compared to $51 million for Q2 2022, an increase of $12 million or 24

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Source: SEC EDGAR

accession 0001157523-23-001284

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