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Industry Notes for the week of May 16 Earnings reports People on the Move SDKs and APIs Updates 

Industry Notes for the week of May 16

GaryPageau
Industry Notes for the week of May 16 Chatbooks suffers security breach; no user cards compromised Nate Quigley, CEO of Chatbooks, advised users the company had a security breach March 26. No credit card information was compromised, but users are requested to change their passwords. Minilab Evolution: Smaller, Faster and Better A round up the leading photo print system providers, by... Read More
Kodak reports lower sales and greater loss in first quarter Earnings reports News 

Kodak reports lower sales and greater loss in first quarter

GaryPageau
Eastman Kodak Co. reported a first-quarter loss of net loss of $111 million on consolidated revenues of $267 million. The net loss includes expense of $167 million related to the increase in deferred tax valuation allowances for locations outside the U.S. and income of $53 million related to the change in fair value of embedded derivatives in the Series A Preferred... Read More
Industry notes for the week of May 9 Earnings reports News People on the Move 

Industry notes for the week of May 9

GaryPageau ,
Mobile App News SmugMug adds editing and auto-upload to mobile app SmugMug has updated its Android and iOS apps to include editing features and automatic uploads. The new editing functions include transform, filters, text editing and more. Matterport brings 3D capture to iPhone Matterport released Matterport for iPhone, a way to create, to edit, and to share high-fidelity 3D digital twins of any physical... Read More
GoPro announces $119 million in sales, as expected. Earnings reports 

GoPro announces $119 million in sales, as expected.

GaryPageau
GoPro, Inc. announced first-quarter revenues were $119 million, in line with its preliminary reports, but down from the $243 million for the same period last year. The net loss in the quarter was $64 million. “We’ve taken decisive action to transition into a more efficient and profitable direct-to-consumer business,” says Nicholas Woodman, GoPro founder and CEO. “This benefits GoPro with... Read More
Service revenues boosts Apple’s second-quarter results Earnings reports News 

Service revenues boosts Apple’s second-quarter results

GaryPageau
Apple posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. International sales accounted for 62 percent of the quarter’s revenue. The company had net sales of $58.3 billion in the quarter, compared to $58.015 billion last year. Services revenue jumped to $13.3 billion,... Read More
Xerox reports lower first-quarter sales Earnings reports 

Xerox reports lower first-quarter sales

GaryPageau 1 Comment
Xerox Holdings Corp. reported first-quarter revenue dropped 14.7 percent to $1.86 billion, with cash flow dropping to $173 million of operating cash flow from continuing operations, down $49 million year-over-year, and $150 million of free cash flow, down $57 million year-over-year. “During this unprecedented time, we are committed to doing everything in our power to protect our employees, customers, partners... Read More
CEWE takes steps to mitigate COVID-19 fallout Earnings reports News 

CEWE takes steps to mitigate COVID-19 fallout

GaryPageau 1 Comment
Due to the coronavirus pandemic, Europe’s leading photo printer CEWE-Stiftung & Co. KGaA announced cost-reduction measures, submit a notification of short-time work (staff pay reductions) as of April 1, 2020, applying to all three business segments: Retail, Photofinishing, and Commercial Online-Print. The proportion of short-time work may vary quite distinctly in the different corporate and operative divisions, the company said.... Read More
United Imaging Group reports record sales in 2019 Earnings reports 

United Imaging Group reports record sales in 2019

GaryPageau , ,
Leading European photo/video buying group United Imaging Group GmbH & Co.KG  announced 2019 sales of 379.5 million euros in 2019, a 27.6 percent increase from the 82 million euros from the year before. Even taking into account the 67 million euros contributed by the newly acquired europafoto membership, the group still gained more than 15 million from the year prior.... Read More
Kodak reports $1.2 billion revenues and $116 million earnings for 2019 Earnings reports 

Kodak reports $1.2 billion revenues and $116 million earnings for 2019

GaryPageau
Eastman Kodak Co. reported full-year 2019 financial results. including revenues of $1.2 billion (about $100 million less than the prior year), continued growth in key product areas and net earnings of $116 million (compared to a $16 million loss in 2018). The company’s revenues were boosted by the sales of its Flexographic Packaging Division. Other highlights: Key product lines achieved... Read More
Michaels Cos reports lower fourth-quarter sales Earnings reports 

Michaels Cos reports lower fourth-quarter sales

GaryPageau 1 Comment
The Michaels Companies Inc. reported a decline in sales for the fourth quarter of fiscal 2019 compared to the prior-year period is due to lower comparable-store sales, the closure of Pat Catan’s stores during the fourth quarter of fiscal 2018, and a decrease in wholesale revenue. This was partially offset by sales related to 16 additional Michaels stores (net of... Read More
HP announces earnings, plans to spend $15 billion to buy back shares Acquisitions Earnings reports Feature News 

HP announces earnings, plans to spend $15 billion to buy back shares

GaryPageau ,
Facing an increasingly hostile takeover pitch from Xerox Holdings, HP Inc. used its quarterly earnings announcement to offer a “multi-year strategic and financial value creation plan” to deliver improved financial results by 2022. The cross-company plan will include billions in “sustained cost actions” and a $16 billion capital return program over three years. Under the plan, HP says it will... Read More
CEWE sales up 10% to 714.9 million euros in 2019 Earnings reports 

CEWE sales up 10% to 714.9 million euros in 2019

GaryPageau , ,
CEWE Stiftung & Co. KGaA announced it reached its sales and profit targets for the financial year of 2019. Preliminary results show a sales increase of 10.1%, to 714.9 million euros, which exceeds the 2019 sales target in the range of 675 million to 710 million euros (turnover in 2018: 649.3 million euros). The product groups all contributed to growth,... Read More
Industry Notes for the week of Feb. 8 Earnings reports Events News People on the Move Updates 

Industry Notes for the week of Feb. 8

GaryPageau
Rumors and interesting items from around the internet Fujifilm pulls X100V promo video after backlash over photog’s shooting style, via PetaPixel Google admits it sent private videos in Google Photos to strangers, via The Verge Why Camera Manufacturers Are No Longer Relevant, via Fstoppers DCW is the new online home for Australian Camera and ProPhoto magazines Apps and updates The... Read More
GoPro reports full-year revenue up 4% Earnings reports 

GoPro reports full-year revenue up 4%

GaryPageau 1 Comment
GoPro Inc. announced financial results for its fourth quarter and full-year ended December 31, 2019. Full-year revenue was $1.195 billion, up 4 % over last year, with fourth-quarter revenue up 40% to $528 billion. Net income for the year was $96 million. “GoPro achieved both revenue growth and full-year non-GAAP profitability in 2019 due to strong sell-through throughout the year... Read More