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Kodak reports second-quarter 2020 loss Earnings reports 

Kodak reports second-quarter 2020 loss

Eastman Kodak Co. reported second-quarter 2020 revenues of $213 million and a net loss of $5 million. “Kodak continued to navigate the challenges posed by the pandemic during the second quarter,” said Jim Continenza, Kodak’s Executive Chairman. “Although the print industry slowdown impacted our performance, we continued to serve our customers and furthered our long history of innovation through the... Read More
GoPro announces second-quarter revenues up 12% Earnings reports 

GoPro announces second-quarter revenues up 12%

GoPro, Inc. announced financial results for its second quarter ended June 30, with revenue up 12% of $134 million. Sales from GoPro.com grew to 44%. The company sold 750,000 units. Our strategic shift to a more direct-to-consumer business with lower operating costs is working,” said Nicholas Woodman, GoPro founder and CEO. “Camera sell-through during Q2 demonstrates resilient consumer demand for GoPro and an increasing... Read More
Industry Notes for the week of Aug. 1 Earnings reports Events People on the Move 

Industry Notes for the week of Aug. 1

Retail news Best Buy to be closed on Thanksgiving Best Buy announced all retail locations will be closed Thanksgiving Day, joining a growing number of retailers who are doing the same. 5 ways retailers can embrace the new consumer mentality during Covid-19 Bob Phibbs, the Retail Doc, offers solid advice: “Economic pressures of Covid-19 are accelerating the rightsizing of America’s... Read More
Apple reports third-quarter revenue up 11 percent Earnings reports 

Apple reports third-quarter revenue up 11 percent

Apple Inc. posted quarterly revenue of $59.7 billion in the third quarter, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each... Read More
Xerox reports second-quarter revenue drops 35.3 percent Earnings reports News 

Xerox reports second-quarter revenue drops 35.3 percent

Xerox Holdings Corp. reported second-quarter revenue of $1.47 billion, a decrease of 35.3 percent year-over-year. The company also reported $34 million of operating cash flow from continuing operations, down $242 million year-over-year, and $15 million of free cash flow, down $245 million year-over-year. “I am proud of our employees who did what was necessary during this unprecedented disruption to support our business... Read More
Industry Notes for the week of July 25 Earnings reports News People on the Move Updates 

Industry Notes for the week of July 25

Pro Photography Bay Photo Lab announces “Epic Prints” Bay Photo Lab has launched “Epic Prints”,  made from Fujiflex silver-halide photographic paper with up to 610dpi resolution. They are mounted to aluminum for a sleek, thin profile from sizes from 4×4″ to 45×93″. 10,000 Headshots featured on “Today Show” The 10,000 Headshots project, featured on the Dead Pixels Society podcast, was featured... Read More
United Imaging Group buys company building in Fürth Earnings reports News 

United Imaging Group buys company building in Fürth

After 20 years of occupancy, European photo buying group United Imaging Group has purchased the building it has occupied after the long-term lease expired. “Despite the Corona crisis, the company’s solid financial situation enabled this investment to be made without borrowing,” says Michael Gleich, managing director. “This investment underscores the future viability and long-term orientation of the United Imaging Group.”... Read More
Industry notes for the week of July 18 Earnings reports News SDKs and APIs Updates 

Industry notes for the week of July 18

  Retail news Future of Olympus cameras discussion with Aki Murata, President, via 42West Adorama’s 42West blog interviewed Aki Murata, president, Consumer Products Group, Olympus Corporation of the Americas, about the impending sale of Olympus cameras to Japan Industrial Partners. Worth a look if you are wondering what will happen to Olympus camera servicing and future products. Nikon School shuts down physical... Read More
Industry Notes for the week of July 11 Earnings reports New Products People on the Move Updates 

Industry Notes for the week of July 11

App news and website updates   Dotphoton has renamed its flagship software to “Rawsie“ Swiss image-compression company Dotphoton has renamed its flagship product from Dotphoton Raw to Rawsie. New features include a Lightroom catalog compression feature. Also, a Windows edition is on the way. RTRO by Moment adds slow-mo feature RTRO by Moment, the popular “retro photography” app for iPhone, has added... Read More
Industry Notes for the week of July 4 Earnings reports News People on the Move Updates 

Industry Notes for the week of July 4

Events PI CONNECT imaging conference, Pro Imaging Golf move to 2021 Pro Imaging CONNECT, the executive conference for the photo/imaging industry, has postponed its 2020 conference to April/May, 2021, at the Horseshoe Bay Resort in Austin, Texas. Due to the COVID-19 outbreak, we were forced to postpone Pro Imaging CONNECT and Pro Imaging Golf until spring of 2021. App news and... Read More
The Michaels Companies announces first quarter sales down 28% Earnings reports 

The Michaels Companies announces first quarter sales down 28%

The Michaels Companies, Inc. announced first-quarter next sales of $799 million, compared to $1.09 billion last year, a decline of 27.6%. The company had a first-quarter net loss $63.5 million, compared to $37.7 million net income in 2019. The 27% decline in sales was due to temporary store closures as a result of the COVID-19 pandemic. Sales related to 11... Read More
HP meets earnings target but misses sales expectations, sending shares tumbling Earnings reports News 

HP meets earnings target but misses sales expectations, sending shares tumbling

Printer maker HP Inc. announced the company beat analysts second-quarter earnings target of 51 cents per share ($12.47 billion – above the expected 45 cents per share – but lower sales sent HPQ stock lower. On a year-over-year basis, HP earnings dipped 4% while sales declined 11%. Printing net revenue was down 19% year over year (down 18% in constant... Read More
Printful records more than $100 million in revenue for 2019 Earnings reports News 

Printful records more than $100 million in revenue for 2019

Privately held Printfulannounced, in 2019, it reached $116-million in revenue, compared to $77.4 million in 2018. The company opened an office in Spain and expanded its fulfillment centers in the United States and Latvia. Printful has now grown to a team of more than 800 people, the company said, including production specialists, sales and marketing experts, customer support specialists, developers,... Read More
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