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Kodak grows full-year sales and net income Earnings reports News 

Kodak grows full-year sales and net income

GaryPageau ,
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
Urbanimmersive doubles first-quarter revenue, loss widens Earnings reports 

Urbanimmersive doubles first-quarter revenue, loss widens

GaryPageau
Urbanimmersive Inc. reported financial results and presents business highlights for the first quarter ended Dec. 31, 2022. The company generated revenues of $3.2 million compared to $1.0 million for same period last year, an increase of $2.2 million or 219% but the net loss widened to $1.1 million, compared to $597,000 last year. In October 2022, the company completed the... Read More
ME-Group posts improved results Earnings reports 

ME-Group posts improved results

GaryPageau
The ME Group (formerly Photo-Me International plc) reported strong financial performance was driven by increased demand and a progressive increase of prices, particularly for photobooth and laundry services, across Continental Europe and in the UK and the Republic of Ireland, the company said. Photo.ME revenue increased by 25.2% to £154.3 million as photobooth activity continued to recover following the easing of... Read More
Profoto reports 2022 sale increase nearly 16 percent Earnings reports 

Profoto reports 2022 sale increase nearly 16 percent

GaryPageau
Swedish lighting manufacturer Profoto reported improved profits and sales for the fourth quarter and full-year 2022. The company said Profoto’s fourth quarter was characterized by weak demand and cautious customers, although profitability was good. Sales totaled SEK 230 million, representing 6-percent growth compared to the corresponding quarter in the previous year. For the full year 2022, the corresponding figures were... Read More
Shutterstock sees 6% fourth-quarter revenue increase, launches AI platform Earnings reports New Products 

Shutterstock sees 6% fourth-quarter revenue increase, launches AI platform

GaryPageau
Shutterstock, Inc. announced financial results for the fourth quarter and full year that ended Dece.31, 2022. Revenue increased 6% to $217.7 million. On a constant currency basis, revenue increased 9%, but income decreased 48% to “For the full year 2022, we grew revenues by 7% and Adjusted EBITDA by 13% while expanding our Adjusted EBITDA margin to 26.3%,”  said Paul Hennessy,... Read More
Claranova reports 12% second-quarter growth Earnings reports 

Claranova reports 12% second-quarter growth

GaryPageau
Also announces ChatGPT integration in Ink Card app PlanetArt parent Claranova reported improved second-quarter results. With second-quarter 2022-2023 (October to December 2022) revenue of €218 million up 13% at real exchange rates and 2% at constant scope and exchange rates year-on-year, Claranova’s positive growth momentum is now back on track, the company said. Reflecting this trend, the Group had six-month... Read More
Xerox revenue ticks up slightly Earnings reports 

Xerox revenue ticks up slightly

GaryPageau
Xerox Holdings Corp. announced its 2022 fourth-quarter and full-year results and guidance for 2023. For the fourth quarter, the company reported revenue of $1.94 billion, up 9.2 percent year-over-year or up 13.9 percent in constant currency. For the full year, Xerox had revenue of $7.11 billion, up 1.0 percent year-over-year, or up 4.8 percent in constant currency. “Resilient demand and... Read More
Snap reports revenue increased 12% but losses continue Earnings reports News 

Snap reports revenue increased 12% but losses continue

GaryPageau
Snap Inc. announced financial results for the quarter and full year that ended Dec. 31, 2022. The company’s revenue increased 12% to $4.6 billion in 2022, compared to the prior year. The net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021. “We ended a challenging 2022 with 375 million Daily... Read More
Moonpig reports flat growth but anticipates a big year Earnings reports 

Moonpig reports flat growth but anticipates a big year

GaryPageau
U.K. personalized card company Moonpig Group said revenue was flat year-on-year reflecting annualization against the prior year’s sales impact from lockdown restrictions, offset in part by first-time consolidation of £11.7 million revenue from its Experiences brands (Red Letter Days and Buyagift). The company lauded its revenue growth of 115.4% on a three-year basis against pre-Covid comparatives for H1 FY20. The... Read More