Kodak Reports 3Q 2021 Financial Results

Eastman Kodak Company reported financial results for the third quarter 2021.

For the quarter ended Sept. 30, 2021, revenues were $287 million, an improvement of $35 million compared to the prior-year quarter. Kodak ended the third quarter with a cash balance of $380 mil-lion, an increase of $184 million from Dec. 31, 2020. GAAP net income was $8 million for the third quarter, compared to a net loss of $445 million in the third quarter 2020.

“I’m pleased with our continued improvement in the third quarter despite challenges posed by sup-ply chain issues, labor shortages and inflationary pressures,” said Jim Continenza, Kodak’s execu-tive chairman and CEO. “Our core print business has achieved increased market share in environ-mentally-friendly process-free plates and we are well positioned to continue growing that important segment. Looking forward, we’ll continue to execute our go-to-market strategy focused on driving profitable revenue and growth.”