Kodak (EKDKQ) Files January, February Operating Metrics; Loss Narrower Month-Over-Month
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Eastman Kodak (OTC: EKDKQ) filed a report for the month of February showing some cash disbursements and other flows of funds. The submission was made to the U.S. Bankruptcy Court for the Southern District of New York.
Kodak noted that the Monthly Operating Reports do not reflect the Company’s international businesses that were not part of the Bankruptcy Filing. Further, the financial information of the Debtors includes costs for which the Debtors are responsible on behalf of the entire Company. The Monthly Operating Reports also include other items such as transactions with non-debtor entities that are eliminated in the consolidated results, among other things, and exclude normal quarterly adjustments.
For January, Kodak reported revs of $143.91 million and a net loss of $100.31 million.
February saw sales of $168.14 million and a net loss of $97.33 million.
Shares of Kodak are down about 0.3 percent on the session.
Kodak noted that the Monthly Operating Reports do not reflect the Company’s international businesses that were not part of the Bankruptcy Filing. Further, the financial information of the Debtors includes costs for which the Debtors are responsible on behalf of the entire Company. The Monthly Operating Reports also include other items such as transactions with non-debtor entities that are eliminated in the consolidated results, among other things, and exclude normal quarterly adjustments.
For January, Kodak reported revs of $143.91 million and a net loss of $100.31 million.
February saw sales of $168.14 million and a net loss of $97.33 million.
Shares of Kodak are down about 0.3 percent on the session.
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