Kodak Q3 revenue down 7% to $269M but gross profit up 16%; Operational EBITDA $12M (+71%)

EASTMAN KODAK CO

2023-Q3 EPS reported $0.64 revenue$842,000,000

Revenue $269M (-7% YoY); gross profit $50M (+16%) with margin 19% vs 15%.
GAAP net income $2M (flat); Operational EBITDA $12M (+71%).
Cash $246M (+$29M since Dec 2022); operating cash flow improved $151M YTD.
Print segment revenue $196M (-12.5% YoY) but EBITDA improved to $4M; AMC revenue $64M (+10%).
CEO notes improved execution despite macroeconomic headwinds; reaffirms focus on innovation.

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 0.9

EASTMAN KODAK CO reported the third quarter 2023 results: revenue $269 million, net income $2 million.

Period: the third quarter 2023
Revenue: $269 million
Net income: $2 million
Result: reported results

Exact text from the filing

8, 2023--Eastman Kodak Company (NYSE: KODK) today reported financial results for the third quarter 2023. Third quarter 2023 highlights include: Consolidated revenues of $269 million, compared with $289 million for Q3 2022, a decrease of $20 million or 7 percent Gross profit of $50 million, compared to $43 million for Q3 2022, an increase of $7 million or 16

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Source: SEC EDGAR

accession 0001157523-23-001689

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