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Photo Systems Inc. signs chemicals licensing deal with Eastman Kodak Co. News 

Photo Systems Inc. signs chemicals licensing deal with Eastman Kodak Co.

Dexter, Mich.- based chemicals company Photo Systems Inc., announced the company is the new authorized brand licensee for Eastman Kodak-branded photo chemicals worldwide. Terms of the transaction were not disclosed. Photo Systems says the chemicals would be available in early 2024. Formerly a contract manufacturer for Kodak Alaris and Sino Promise, Photo Systems brings more than 50 years of photographic... Read More
Eastman Kodak reports flat income on lower sales Earnings reports 

Eastman Kodak reports flat income on lower sales

Eastman Kodak Co. reported third-quarter revenues of $269 million, compared with $289 million for Q3 2022, a decrease of $20 million or 7 percent. Net income was $2 million, flat compared with Q3 2022. A quarter-end cash balance of $246 million, compared with $217 million on December 31, 2022, an increase of $29 million. Cash flow from operations improved $151... Read More
Kodak Alaris financial report reveals heavy reliance on film business Earnings reports Opinion 

Kodak Alaris financial report reveals heavy reliance on film business

Kodak Alaris Holding Ltd., the parent company of Kodak Moments, released its Fiscal Year 2023 earnings in the United Kingdom, for the year ending March 31, 2023. The report sheds light on the company’s financial condition and adds context to recent reports the business is up for sale. Among the highlights of the 111-page document was this section below, revealing... Read More
“Making Kodak Film” book updated News 

“Making Kodak Film” book updated

With all the renewed interest in film, here’s a reminder the book “Making Kodak Film,” has been updated. The book, written by longtime Eastman Kodak Co. film manufacturing expert Bob Shanebrook, the second edition hardcover features 470 pages with 402 illustrations. The second edition is now in its 19th printing. The first edition softcover, at 94 pages with 165 illustrations,... Read More
Kodak suing the Kruchtens over stock options News 

Kodak suing the Kruchtens over stock options

Eastman Kodak Co. is suing two former high-level Kodak executives for not returning more than $500,000 in stock gains received from the sale of stock options the company says they erroneously received, according to the Rochester Business Journal. Kodak filed separate complaints in the state Supreme Court in Rochester against Brad and Dolores Kruchten. Brad Kruchten left Kodak in April,... Read More
Kodak photo paper and chemicals fade from the market News 

Kodak photo paper and chemicals fade from the market

Sino Promise Group, the China-based maker of Kodak-branded photographic paper and chemicals for professional and amateur photofinishing, notified customers the company will “no longer be offering” the products, according to correspondence provided to the Dead Pixels Society. Sino Promise has not responded to requests for comment. Unconfirmed reports from photo labs say the sales team has already been dismissed. The... Read More
Sky News: Kodak Alaris owners are shopping the company News 

Sky News: Kodak Alaris owners are shopping the company

Sky News reports Britain’s Pension Protection Fund (PPF) is poised to put Kodak Alaris, the photographic and document imaging group, up for sale. Sky News city editor Mark Kleinman writes the PPF, which has owned Kodak Alaris since 2020, “has kicked off talks with bankers about an auction of the company behind the ‘Kodak moments’ made famous by its multinational... Read More
Kodak grows full-year sales and net income Earnings reports News 

Kodak grows full-year sales and net income

Eastman Kodak Co. reported financial results for the fourth quarter and full year 2022. For the full year ended Dec. 31, 2022, revenues were $1.205 billion, an improvement of $55 million for the same period in 2021. Adjusting for the unfavorable impact of foreign exchange of $70 million, revenues increased by $125 million, or 11 percent compared to the prior... Read More
Kodak not complicit in Trump-era insider-trading case, says Justice Department News 

Kodak not complicit in Trump-era insider-trading case, says Justice Department

A former pharmaceutical executive and his cousin with ties to Eastman Kodak Co. were charged by the U.S. Justice Department with insider trading. Kodak itself is charged with any wrongdoing. According to the Rochester First,  the allegations say, between June and July 2020, 37-year-old Andrew Stiles, at the time a vice president of a pharmaceutical company working with Kodak, schemed with... Read More
Kodak reports lower third-quarter net earnings News 

Kodak reports lower third-quarter net earnings

Eastman Kodak Co. reported financial results for the third quarter 2022, including consolidated revenues of $289 million, essentially level with last year, but GAAP net income declined to $2 million, compared with $8 million for Q3 2021. “For the third quarter of 2022, Kodak delivered year-over-year revenue growth for the sixth consecutive quarter. I’d like to thank our loyal customers... Read More
South Bend coffee shop rebrands as “Kodachrome Coffee” News 

South Bend coffee shop rebrands as “Kodachrome Coffee”

A South Bend, Indiana-based roasting company Zen Cafe has rebranded to become Kodachrome Coffee, according to a report in Daily Coffee News. The rebrand “is intended to provide a sharper focus on the company’s attention to craft, as well as on the relationships with producers developed over Kodachrome’s 10-plus years in business,” according to reporter Howard Bryman. The Dead Pixels Society... Read More
Kodak launches range of printing products New Products 

Kodak launches range of printing products

Eastman Kodak Co. announced the KODAK ASCEND Digital Press for the retail/POP and packaging markets. The company claims the KODAK ASCEND Digital Press is the first electrophotographic press designed to print heavyweight substrates at long lengths with CMYK and flat foil embellishments in one pass. It offers production speeds up to 572 sqm/hour (5280 sqft/hour) and its large sheet length... Read More
Kodak reports second-quarter 2021 results Events News 

Kodak reports second-quarter 2021 results

Eastman Kodak Co. reported financial results for the 2021 second quarter, including consolidated revenues of $291 million and a year-over-year improvement in cash performance. The company no longer breaks out photography-related financial data. “Kodak’s strong second-quarter performance reflects the impact of changes we’ve made and our continued focus on our core competencies and our long-term plan,” said Jim Continenza, Kodak’s... Read More
Eastman Kodak reports $6 million first-quarter net income Earnings reports News 

Eastman Kodak reports $6 million first-quarter net income

Eastman Kodak Co. reported first-quarter financial results, including consolidated revenues of $265 million, net income of $6 million, and a $401 million cash balance. “The steps we have taken in the last two years — strengthening our balance sheet, establishing a customer-first approach and continuing to invest in innovation — have created the foundation for growth,” said Jim Continenza, Kodak’s... Read More