Eastman Kodak Reports 12% Revenue Growth In FY21

  • Eastman Kodak Company KODK reported consolidated FY21 revenue of $1.15 billion, an increase of 11.8% year-over-year.
  • Revenue by Reportable Segments: Traditional Printing $659 million (+11.3% Y/Y), Digital Printing $249 million (+3.3% Y/Y), Advanced Materials & Chemicals $212 million (+23.3% Y/Y) and Brand $15 million (+15.4% Y/Y).
  • The Gross margin expanded by 114 bps to 14.3%.
  • Eastman Kodak reported a net income of $24 million, compared to the loss of $541 million in the previous year.
  • Operational EBITDA for FY21 improved to $11 million, from a negative $1 million in FY20.
  • KODK cash used in operating activities for FY21 totaled $47 million, compared to $35 million in FY20.
  • Kodak ended the year with $362 million in cash, as of December 31, 2021.
  • Price Action: KODK shares are trading higher by 2.38% at $4.30 during the post-market session on Tuesday.

 

Posted In: BriefsEarningsNewsPenny StocksSmall Cap

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.