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.

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