Kodak Q2 revenue falls 9% to $267M; net income drops 26% to $26M

EASTMAN KODAK CO

2024-Q2 EPS reported $0.52 revenue$516,000,000

Revenue $267M (-9% YoY); GAAP net income $26M (-26%); Operational EBITDA $12M (-45%).
Gross profit percentage improved to 22% from 21%, seventh consecutive quarterly YoY increase.
Cash balance $251M, down $4M from Dec 31, 2023; capex and investments offset by $40M brand licensing proceeds.
Segment: Print revenue $186M (-$29M), Advanced Materials & Chemicals $73M (+$1M), Brand $4M flat.
CEO cites cGMP diagnostic facility on track for 2025; PROSPER ULTRA 520 press commitments from drupa.

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