Quarterly ResultMay 7, 2026, 04:33 PM
Eastman Kodak Q1 Net Loss $(16)M; Revenue $265M
AI Summary
Eastman Kodak Company reported a net loss of $(16) million for the first quarter of 2026, an increase from $(7) million in the prior year. Total revenues rose to $265 million from $247 million, driven by higher sales. The company also completed a significant restructuring of its Series B Preferred Stock and repaid $50 million of its Term Loans.
Key Highlights
- Net loss for Q1 2026 was $(16) million, compared to $(7) million in Q1 2025.
- Total revenues increased to $265 million in Q1 2026 from $247 million in Q1 2025.
- Gross profit rose to $57 million in Q1 2026 from $46 million in Q1 2025.
- Loss from operations before income taxes was $(13) million in Q1 2026, up from $(5) million in Q1 2025.
- Net cash used in operating activities improved to $(30) million from $(38) million year-over-year.
- Repaid $51 million of the Amended and Restated Term Loan Agreement.
- Extinguished 4.0% Series B Preferred Stock and issued new 6.0% Series B Preferred Stock.
- Sales of plates, inks, and other consumables were $125 million in Q1 2026.
Price Impact
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