Kodak (KODK) Reports Q1 Revs of $291M
Kodak (NYSE: KODK) reported Q1 revenue of $291 million, versus $318 million reported last year.
- GAAP net loss of $18 million for the quarter ended March 31, 2019, compared to a GAAP net loss of $25 million for the quarter ended March 31, 2018.
- Revenues for Q1 2019 of $291 million compared to revenues for Q1 2018 of $318 million.
- Operational EBITDA for the quarter of negative $6 million compared to Operational EBITDA of negative $9 million in the prior-year period.
- Key product lines achieved strong year-over-year growth for the first quarter 2019:
- Volume for KODAK SONORA Process Free Plates grew by 22 percent.
- Annuity revenues for the KODAK PROSPER inkjet platform grew by 12 percent.
- The company ended the quarter with a cash balance of $240 million.
- The company completed the sale of its Flexographic Packaging Division to Montagu Private Equity LLP on April 8, 2019 and used the net proceeds to pay down $312 million of its term debt.
For earnings history and earnings-related data on Kodak (KODK) click here.
