Kodak Reports Third-Quarter 2024 Financial Results
Kodak (NYSE: KODK) reported Q3 2024 financial results with consolidated revenues of $261 million, down 3% from Q3 2023. The company posted GAAP net income of $18 million, an 800% increase from $2 million in Q3 2023. However, Operational EBITDA decreased 92% to $1 million, primarily due to higher manufacturing costs and aluminum prices. The quarter-end cash balance was $214 million, down $41 million from December 31, 2023. The Advanced Materials & Chemicals group showed growth, while the Print segment experienced revenue decline. The company continues to invest in growth initiatives, including a cGMP facility for pharmaceutical ingredients.
Kodak (NYSE: KODK) ha riportato i risultati finanziari del terzo trimestre 2024 con ricavi consolidati di 261 milioni di dollari, in calo del 3% rispetto al terzo trimestre 2023. L'azienda ha registrato un utile netto GAAP di 18 milioni di dollari, un aumento dell'800% rispetto ai 2 milioni di dollari del terzo trimestre 2023. Tuttavia, l'EBITDA operativo è diminuito del 92%, scendendo a 1 milione di dollari, principalmente a causa dell'aumento dei costi di produzione e dei prezzi dell'alluminio. La liquidità a fine trimestre ammontava a 214 milioni di dollari, in diminuzione di 41 milioni di dollari rispetto al 31 dicembre 2023. Il gruppo Advanced Materials & Chemicals ha mostrato crescita, mentre il segmento Print ha subito un calo dei ricavi. L'azienda continua a investire in iniziative di crescita, incluso un impianto cGMP per ingredienti farmaceutici.
Kodak (NYSE: KODK) reportó los resultados financieros del tercer trimestre de 2024 con ingresos consolidados de 261 millones de dólares, una disminución del 3% con respecto al tercer trimestre de 2023. La compañía registró un ingreso neto GAAP de 18 millones de dólares, un aumento del 800% en comparación con 2 millones de dólares en el tercer trimestre de 2023. Sin embargo, el EBITDA operativo disminuyó un 92%, cayendo a 1 millón de dólares, principalmente debido al aumento de los costos de fabricación y los precios del aluminio. El saldo de efectivo al final del trimestre fue de 214 millones de dólares, una caída de 41 millones de dólares en comparación con el 31 de diciembre de 2023. El grupo de Advanced Materials & Chemicals mostró crecimiento, mientras que el segmento de impresión experimentó una disminución en los ingresos. La empresa sigue invirtiendo en iniciativas de crecimiento, incluido un centro cGMP para ingredientes farmacéuticos.
코닥 (NYSE: KODK)은 2024년 3분기 재무 결과를 발표하였으며, 통합 수익은 2억 6100만 달러로 2023년 3분기 대비 3% 감소하였습니다. 이 회사는 GAAP 순이익 1800만 달러를 기록했으며, 이는 2023년 3분기 200만 달러에서 800% 증가한 수치입니다. 그러나 운영 EBITDA는 92% 감소하여 100만 달러로 떨어졌으며, 이는 주로 높은 제조 비용과 알루미늄 가격 때문입니다. 분기 말 현금 잔액은 2억 1400만 달러로, 2023년 12월 31일 대비 4100만 달러 감소하였습니다. 첨단 소재 및 화학 그룹은 성장을 보였으나 인쇄 부문은 수익 감소를 겪었습니다. 이 회사는 제약 성분을 위한 cGMP 시설을 포함하여 성장 이니셔티브에 계속 투자하고 있습니다.
Kodak (NYSE: KODK) a annoncé ses résultats financiers du troisième trimestre 2024, avec des revenus consolidés de 261 millions de dollars, en baisse de 3 % par rapport au troisième trimestre 2023. L'entreprise a enregistré un bénéfice net GAAP de 18 millions de dollars, soit une augmentation de 800 % par rapport à 2 millions de dollars au troisième trimestre 2023. Cependant, l'EBITDA opérationnel a chuté de 92 % pour atteindre 1 million de dollars, principalement en raison de l'augmentation des coûts de fabrication et des prix de l'aluminium. Le solde de trésorerie à la fin du trimestre était de 214 millions de dollars, en baisse de 41 millions de dollars par rapport au 31 décembre 2023. Le groupe Advanced Materials & Chemicals a connu une croissance, tandis que le segment Impression a connu une baisse de revenus. L'entreprise continue d'investir dans des initiatives de croissance, y compris une installation cGMP pour des ingrédients pharmaceutiques.
Kodak (NYSE: KODK) hat die finanziellen Ergebnisse für das dritte Quartal 2024 veröffentlicht, mit konsolidierten Einnahmen von 261 Millionen Dollar, was einem Rückgang von 3% im Vergleich zum dritten Quartal 2023 entspricht. Das Unternehmen meldete einen GAAP-Nettoertrag von 18 Millionen Dollar, was einem Anstieg von 800% im Vergleich zu 2 Millionen Dollar im dritten Quartal 2023 entspricht. Allerdings sank das operative EBITDA um 92% auf 1 Million Dollar, hauptsächlich aufgrund höherer Produktionskosten und Aluminiumpreise. Der Kassenstand am Ende des Quartals betrug 214 Millionen Dollar, was einem Rückgang von 41 Millionen Dollar im Vergleich zum 31. Dezember 2023 entspricht. Die Gruppe für fortschrittliche Materialien und Chemikalien zeigte Wachstum, während der Drucksektor einen Umsatzrückgang erfuhr. Das Unternehmen investiert weiterhin in Wachstumsinitiativen, einschließlich einer cGMP-Anlage für pharmazeutische Inhaltsstoffe.
- GAAP net income increased 800% to $18 million
- Advanced Materials & Chemicals segment revenue grew by $7 million
- Received favorable U.S. International Trade Commission determination on aluminum printing plates tariffs
- Brand licensing generated $40 million in cash proceeds in Q1 2024
- Revenue declined 3% to $261 million
- Operational EBITDA decreased 92% to $1 million
- Gross profit dropped 10% to $45 million
- Cash balance decreased by $41 million to $214 million
- Print segment revenue declined by $14 million
- Higher manufacturing costs due to increased aluminum prices
Insights
Kodak's Q3 2024 results reveal concerning operational challenges. Revenue declined
The Print segment's performance is particularly worrying, swinging from
ROCHESTER, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the third quarter 2024.
Third-quarter 2024 highlights include:
- Consolidated revenues of
$261 million , compared with$269 million for Q3 2023, a decrease of$8 million or 3 percent - Gross profit of
$45 million , compared with$50 million for Q3 2023, a decrease of$5 million or 10 percent - Gross profit percentage of 17 percent, compared with 19 percent for Q3 2023, a decrease of 2 percentage points
- GAAP net income of
$18 million , compared with net income of$2 million for Q3 2023, an increase of$16 million or 800 percent - Operational EBITDA of
$1 million , compared with$12 million for Q3 2023, a decrease of$11 million or 92 percent - A quarter-end cash balance of
$214 million , compared with$255 million on December 31, 2023, a decrease of$41 million
“In the third quarter, Kodak continued to focus on the fundamentals of our long-term strategic plan: increasing operating efficiency, investing in innovation and driving smart revenue,” said Jim Continenza, Kodak’s Executive Chairman and CEO. “Our Advanced Materials & Chemicals group continues to emerge as a key part of our future and we continue to invest in AM&C growth initiatives, including the cGMP facility for manufacturing pharmaceutical ingredients currently nearing completion at Eastman Business Park. Our legacy AM&C film business is growing rapidly, and we are investing capex to increase capacity to meet demand. In our commercial print business, we recently received an affirmative determination from the U.S. International Trade Commission in our tariff cases concerning imports of aluminum printing plates from Japan and China. This is an important win for the U.S. printing industry and Kodak because it establishes a level playing field in the U.S. plates business which will allow us to continue providing our customers with reliable supplies of high-quality plates. We continue to gain momentum with our groundbreaking continuous inkjet press portfolio. Looking forward, we will continue to invest in streamlining our operations and developing the leading-edge products our customers expect from Kodak.”
For the quarter ended September 30, 2024, revenues were
GAAP net income was
Kodak ended the third quarter with a cash balance of
“Kodak continued to execute on its long-term strategy in the third quarter,” said David Bullwinkle, Kodak’s CFO. “The decline in revenue, which slowed compared to recent quarters, reflects our ongoing focus on generating smart revenue to drive stronger profitability. Kodak ended the quarter with a cash balance of
Revenue and Operational EBITDA by Reportable Segment Q3 2024 vs. Q3 2023
| ($ millions) | |||||||||||||
| Q3 2024 Actuals | Advanced Materials & Chemicals | Brand | Total | ||||||||||
| Revenue | $ | 182 | $ | 71 | $ | 5 | $ | 258 | |||||
| Operational EBITDA * | $ | (9 | ) | $ | 6 | $ | 4 | $ | 1 | ||||
| Q3 2023 Actuals | Advanced Materials & Chemicals | Brand | Total | ||||||||||
| Revenue | $ | 196 | $ | 64 | $ | 4 | $ | 264 | |||||
| Operational EBITDA * | $ | 4 | $ | 4 | $ | 4 | $ | 12 | |||||
| Q3 2024 vs. Q3 2023 Actuals B/(W) | Advanced Materials & Chemicals | Brand | Total | ||||||||||
| Revenue | $ | (14 | ) | $ | 7 | $ | 1 | $ | (6 | ) | |||
| Operational EBITDA * | $ | (13 | ) | $ | 2 | $ | - | $ | (11 | ) | |||
| Q3 2024 Actuals on constant currency ** vs. Q3 2023 Actuals B/(W) | Advanced Materials & Chemicals | Brand | Total | ||||||||||
| Revenue | $ | (15 | ) | $ | 7 | $ | 1 | $ | (7 | ) | |||
| Operational EBITDA * | $ | (13 | ) | $ | 2 | $ | - | $ | (11 | ) | |||
* Total Operational EBITDA is a non-GAAP financial measure. The reconciliation between GAAP and non-GAAP measures is provided in Appendix A of this press release.
** The impact of foreign exchange represents the foreign exchange impact using average foreign exchange rates for the three months ended September 30, 2023, rather than the actual average exchange rates in effect for the three months ended September 30, 2024.
Eastman Business Park segment is not a reportable segment and is excluded from the table above.
About Kodak
Kodak (NYSE: KODK) is a leading global manufacturer focused on commercial print and advanced materials & chemicals. With 79,000 worldwide patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. Our innovative, award-winning products, combined with our customer-first approach, make us the partner of choice for commercial printers worldwide. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print. For additional information on Kodak, visit us at kodak.com, or follow us on X @Kodak and LinkedIn.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning Kodak’s plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs and business trends and other information that is not historical information. When used in this press release, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “predicts,” “forecasts,” “strategy,” “continues,” “goals,” “targets” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and similar words and expressions, as well as statements that do not relate strictly to historical or current facts, are intended to identify forward-looking statements. All forward-looking statements, including management’s examination of historical operating trends and data, are based upon Kodak’s current expectations and assumptions. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or those expressed in or implied by such forward-looking statements.
Important factors that could cause actual events or results to differ materially from the forward-looking statements include, among others, the risks and uncertainties described in more detail in Kodak’s Annual Report on Form 10-K for the year ended December 31, 2023 under the headings “Business,” “Risk Factors,” “Legal Proceedings,” and/or “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Liquidity and Capital Resources,” in the corresponding sections of Kodak’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, and in other filings Kodak makes with the U.S. Securities and Exchange Commission from time to time, as well as the following: Kodak’s ability to improve and sustain its operating structure, cash flow, profitability and other financial results; Kodak’s ability to achieve strategic objectives, cash forecasts, financial projections, and projected growth; Kodak’s ability to achieve the financial and operational results contained in its business plans; Kodak’s ability to obtain additional or alternate financing if and as needed, Kodak’s continued ability to manage world-wide cash through inter-company loans, distributions and other mechanisms, and Kodak’s ability to provide or facilitate financing for its customers; Kodak’s ability to fund continued investments, capital needs and collateral requirements and service its debt and Series B Preferred Stock and Series C Preferred Stock; Changes in foreign currency exchange rates, commodity prices, interest rates and tariff rates; the impact of the global economic environment, including inflationary pressures, geopolitical issues such as the war in Ukraine and conflicts involving Israel, medical epidemics, and Kodak’s ability to effectively mitigate the associated increased costs of aluminum and other raw materials, energy, labor, shipping, delays in shipment and production times, and fluctuations in demand; Kodak’s ability to effectively compete with large, well-financed industry participants or with competitors whose cost structure is lower than Kodak’s; the performance by third parties of their obligations to supply products, components or services to Kodak and Kodak’s ability to address supply chain disruptions and continue to obtain raw materials and components available from single or limited sources of supply, which may be adversely affected by the war in Ukraine, the conflicts involving Israel, and residual effects of the COVID-19 pandemic; Kodak’s ability to comply with the covenants in its various credit facilities; Kodak’s ability to effectively anticipate technology and industry trends and develop and market new products, solutions and technologies, including products based on its technology and expertise that relate to industries in which it does not currently conduct material business; Kodak’s ability to effect strategic transactions, such as investments, acquisitions, strategic alliances, divestitures and similar transactions, or to achieve the benefits sought to be achieved from such strategic transactions; Kodak’s ability to discontinue, sell or spin-off certain non-core businesses or operations, or otherwise monetize assets; the impact of the investigations, litigation and claims arising out of the circumstances surrounding the announcement on July 28, 2020, by the U.S. International Development Finance Corporation of the signing of a non‐binding letter of interest to provide a subsidiary of Kodak with a potential loan to support the launch of an initiative for the manufacture of pharmaceutical ingredients for essential generic drugs; and the potential impact of force majeure events, cyber‐attacks or other data security incidents or information technology outages that could disrupt or otherwise harm Kodak’s operations.
Future events and other factors may cause Kodak’s actual results to differ materially from the forward-looking statements. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included or referenced in this press release. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by law.
APPENDICES
In this third quarter 2024 financial results news release, reference is made to the following non-GAAP financial measures:
- Operational EBITDA; and
- Revenues on a constant currency basis.
Kodak believes that these non-GAAP measures represent important internal measures of performance. Accordingly, where they are provided, it is to give investors the same financial data management uses with the belief that this information will assist the investment community in properly assessing the underlying performance of Kodak, its financial condition, results of operations and cash flow.
Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). Operational EBITDA represents the earnings from operations excluding the provision for income taxes; non-service cost components of pension and other postemployment benefits income; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; interest expense; loss on extinguishment of debt; and other (income) charges, net.
The change in revenues on a constant currency basis, as presented in this financial results news release, is calculated by using average foreign exchange rates for the three months ended September 30, 2023, rather than the actual average exchange rates in effect for the three months ended September 30, 2024.
The following table reconciles the most directly comparable GAAP measure of Net Income to Operational EBITDA for the three months ended September 30, 2024 and 2023, respectively:
| (in millions) | ||||||||||||||
| Q3 2024 | Q3 2023 | $ Change | % Change | |||||||||||
| Net Income | $ | 18 | $ | 2 | $ | 16 | 800 | % | ||||||
| All other | (1 | ) | (2 | ) | 1 | |||||||||
| Depreciation and amortization | 8 | 7 | 1 | |||||||||||
| Restructuring costs and other (1) | 1 | 3 | (2 | ) | ||||||||||
| Stock based compensation | 1 | 1 | - | |||||||||||
| Consulting and other costs (2) | - | 1 | (1 | ) | ||||||||||
| Interest expense (3) | 14 | 14 | - | |||||||||||
| Pension income excluding service cost component (3) | (42 | ) | (41 | ) | (1 | ) | ||||||||
| Loss on extinguishment of debt (3) | - | 27 | (27 | ) | ||||||||||
| Other (income) charges, net (3) | (1 | ) | 2 | (3 | ) | |||||||||
| Provision (benefit) for income taxes (3) | 3 | (2 | ) | 5 | ||||||||||
| Operational EBITDA | $ | 1 | $ | 12 | $ | (11 | ) | -92 | % | |||||
Footnote Explanations:
(1) Restructuring costs and other for the three months ended September 30, 2023 included
(2) Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives, investigations and litigation. Consulting and other costs included
(3) As reported in the Consolidated Statement of Operations.
- FINANCIAL STATEMENTS
| EASTMAN KODAK COMPANY | |||||||
| CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) | |||||||
| (in millions, except per share data) | Three Months Ended | ||||||
| September 30, | |||||||
| 2024 | 2023 | ||||||
| Revenues | |||||||
| Sales | $ | 221 | $ | 220 | |||
| Services | 40 | 49 | |||||
| Total revenues | 261 | 269 | |||||
| Cost of revenues | |||||||
| Sales | 185 | 183 | |||||
| Services | 31 | 36 | |||||
| Total cost of revenues | 216 | 219 | |||||
| Gross profit | 45 | 50 | |||||
| Selling, general and administrative expenses | 44 | 40 | |||||
| Research and development costs | 8 | 7 | |||||
| Restructuring costs and other | 1 | 1 | |||||
| (Loss) earnings from operations before interest expense, pension income excluding service cost component, loss on extinguishment of debt, other (income) charges, net and income taxes | (8 | ) | 2 | ||||
| Interest expense | 14 | 14 | |||||
| Pension income excluding service cost component | (42 | ) | (41 | ) | |||
| Loss on extinguishment of debt | - | 27 | |||||
| Other (income) charges, net | (1 | ) | 2 | ||||
| Earnings from operations before income taxes | 21 | - | |||||
| Provision (benefit) for income taxes | 3 | (2 | ) | ||||
| NET EARNINGS | $ | 18 | $ | 2 | |||
| Basic earnings per share attributable to Eastman Kodak Company common shareholders | $ | 0.16 | $ | - | |||
| Diluted earnings per share attributable to Eastman Kodak Company common shareholders | $ | 0.15 | $ | - | |||
The notes accompanying the financial statements contained in the Company’s third quarter 2024 Form 10-Q are an integral part of these consolidated financial statements.
| EASTMAN KODAK COMPANY | |||||||
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Unaudited) | |||||||
| September 30, | December 31, | ||||||
| (in millions) | 2024 | 2023 | |||||
| ASSETS | |||||||
| Cash and cash equivalents | $ | 214 | $ | 255 | |||
| Trade receivables, net of allowances of | 143 | 195 | |||||
| Inventories, net | 241 | 217 | |||||
| Other current assets | 44 | 45 | |||||
| Total current assets | 642 | 712 | |||||
| Property, plant and equipment, net of accumulated depreciation of | 190 | 169 | |||||
| Goodwill | 12 | 12 | |||||
| Intangible assets, net | 21 | 24 | |||||
| Operating lease right-of-use assets | 28 | 30 | |||||
| Restricted cash | 100 | 110 | |||||
| Pension and other postretirement assets | 1,313 | 1,216 | |||||
| Other long-term assets | 82 | 82 | |||||
| TOTAL ASSETS | $ | 2,388 | $ | 2,355 | |||
| LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY | |||||||
| Accounts payable, trade | $ | 128 | $ | 125 | |||
| Short-term borrowings and current portion of long-term debt | 1 | 1 | |||||
| Current portion of operating leases | 9 | 13 | |||||
| Other current liabilities | 128 | 144 | |||||
| Total current liabilities | 266 | 283 | |||||
| Long-term debt, net of current portion | 460 | 457 | |||||
| Pension and other postretirement liabilities | 232 | 237 | |||||
| Operating leases, net of current portion | 24 | 24 | |||||
| Other long-term liabilities | 208 | 213 | |||||
| Total liabilities | 1,190 | 1,214 | |||||
| Commitments and Contingencies (Note 6) | |||||||
| Redeemable, convertible preferred stock, no par value, | 216 | 210 | |||||
| Equity | |||||||
| Common stock, | — | — | |||||
| Additional paid in capital | 1,152 | 1,156 | |||||
| Treasury stock, at cost | (12 | ) | (11 | ) | |||
| Accumulated deficit | (419 | ) | (495 | ) | |||
| Accumulated other comprehensive income | 261 | 281 | |||||
| Total shareholders’ equity | 982 | 931 | |||||
| TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY | $ | 2,388 | $ | 2,355 | |||
The notes accompanying the financial statements contained in the Company’s third quarter 2024 Form 10-Q are an integral part of these consolidated financial statements.
| EASTMAN KODAK COMPANY | |||||||
| CONSOLIDATED STATEMENT OF CASH FLOW (Unaudited) | |||||||
| Nine Months Ended | |||||||
| September 30, | |||||||
| (in millions) | 2024 | 2023 | |||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 76 | $ | 70 | |||
| Adjustments to reconcile to net cash (used in) provided by operating activities: | |||||||
| Depreciation and amortization | 21 | 23 | |||||
| Pension and other postretirement income | (111 | ) | (109 | ) | |||
| Change in fair value of the Preferred Stock and Convertible Notes embedded derivatives | — | 2 | |||||
| Non-cash changes in workers' compensation and other employee benefit reserves | 1 | (3 | ) | ||||
| Stock based compensation | 5 | 6 | |||||
| Net gain on sale of assets | (17 | ) | (1 | ) | |||
| Loss on extinguishment of debt | — | 27 | |||||
| Decrease (increase) in trade receivables | 52 | (16 | ) | ||||
| (Increase) decrease in miscellaneous receivables | (6 | ) | 10 | ||||
| Increase in inventories | (25 | ) | (4 | ) | |||
| Decrease in trade payables | (1 | ) | (15 | ) | |||
| (Decrease) increase in liabilities excluding borrowings and trade payables | (39 | ) | 23 | ||||
| Other items, net | 33 | 8 | |||||
| Total adjustments | (87 | ) | (49 | ) | |||
| Net cash (used in) provided by operating activities | (11 | ) | 21 | ||||
| Cash flows from investing activities: | |||||||
| Additions to properties | (39 | ) | (15 | ) | |||
| Proceeds from sale of assets | 17 | — | |||||
| Net cash used in investing activities | (22 | ) | (15 | ) | |||
| Cash flows from financing activities: | |||||||
| Net proceeds from Amended and Restated Term Loan Credit Agreement | — | 435 | |||||
| Repayment of Original Term Loan Credit Agreement | — | (316 | ) | ||||
| Repayment of Convertible Notes | — | (28 | ) | ||||
| Other debt acquisition costs | — | (1 | ) | ||||
| Repayment of Amended and Restated Term Loan Agreement | (17 | ) | — | ||||
| Preferred stock cash dividend payments | (3 | ) | (3 | ) | |||
| Treasury stock purchases | (1 | ) | — | ||||
| Net cash (used in) provided by financing activities | (21 | ) | 87 | ||||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1 | ) | (5 | ) | |||
| Net (decrease) increase in cash, cash equivalents and restricted cash | (55 | ) | 88 | ||||
| Cash, cash equivalents and restricted cash, beginning of period | 377 | 286 | |||||
| Cash, cash equivalents and restricted cash, end of period | $ | 322 | $ | 374 | |||
The notes accompanying the financial statements contained in the Company’s third quarter 2024 Form 10-Q are an integral part of these consolidated financial statements.
Media Contact:
Kurt Jaeckel, Kodak, +1 585-490-8646, kurt.jaeckel@kodak.com
Investor Contact:
Anthony Redding, Kodak, +1 585-724-4053, shareholderservices@kodak.com
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