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Kodak reports lower sales and greater loss in first quarter Earnings reports News 

Kodak reports lower sales and greater loss in first quarter

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
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

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
Former Xaar CEO Doug Edwards joins  EFI as CTO People on the Move 

Former Xaar CEO Doug Edwards joins EFI as CTO

Electronics For Imaging, Inc. named veteran print technology executive Dr. Douglas Edwards as its Chief Technology Officer. Edwards replaces longtime technology leader Ghilad Dziesietnik, who recently retired after nearly 25 years with EFI – the last 14 as CTO. Edwards was CEO of Cambridge, England-based Xaar plc, a leading developer of inkjet print head technologies for industrial printing, and Chairman... Read More
Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Kodak Alaris is still shopping film, paper and chemicals business Earnings reports News 

Kodak Alaris is still shopping film, paper and chemicals business

Kodak Alaris revealed, in its latest annual report, the company is still seeking a buyer for its Paper, Photochemicals and Film (PPF) business after a potential buyer dropped out. Kodak Alaris, the spinoff from Eastman Kodak Co., has been seeking a buyer for some of its businesses to shore up its underperforming results. Additionally, the report stated company management is... Read More
Kodak reports third-quarter loss of $5 million, but film sales are up Earnings reports News Opinion 

Kodak reports third-quarter loss of $5 million, but film sales are up

Eastman Kodak Co. reported third-quarter financial results of a $5 million net loss on revenues of $315 million and growth in key print and film product areas. The quarter ended Sept. 30, 2019. In the prior year, the company had $19 million in next earnings on sales of $329 million. The company said revenues from the film business grew 21 percent... Read More
Kodak, Eye Caramba offering smartphone photography accessories Events New Products Press releases 

Kodak, Eye Caramba offering smartphone photography accessories

Eye Caramba Ltd., an authorized brand licensee of Eastman Kodak Company, is introducing its new KODAK Smartphone Photography Accessories at IFA 2019. The line of quality smartphone camera tools can easily clip to smartphones and are ideal for anyone who wants to capture their life’s moments with a more unique look. New KODAK Smartphone Photography Accessories provide essential tools for... Read More
Kodak reaches agreement to form strategic relationship with HuaGuang News Press releases 

Kodak reaches agreement to form strategic relationship with HuaGuang

Move designed to accelerate KODAK SONORA Process Free Plates growth in China ROCHESTER, NY – WEBWIRE – Tuesday, August 6, 2019 – Eastman Kodak Company announced it has reached an agreement with Lucky HuaGuang Graphics Co. Ltd (“HuaGuang”) to establish a strategic relationship in the People’s Republic of China, including Hong Kong SAR, Macau SAR and Taiwan (“China”). By partnering with... Read More
App updates, financial updates, industry notes and more New Products News People on the Move Press releases Tips and tricks Updates 

App updates, financial updates, industry notes and more

New apps and updates Fotomerchant HV v1.30 was released, including many updates to the Shopping Cart to further improve the user experience of ordering photos.  Phase One launches Capture One CH for Windows Phase One advances IQ4 Infinity Platform with more photographer controls Painter 2020 from Corel features new streamlined workflow, GPU-based brushing, and convenient color selection Sony introduces live streaming for HXR-NX80 and PXW-Z90 camcorders with... Read More
It’s time we give Eastman Kodak some credit Feature News Opinion 

It’s time we give Eastman Kodak some credit

Another business/tech writer is trying to make their bones with a continuation of the tired story of how Eastman Kodak Co. flubbed the analog-to-digital transition. This time, Tracy Moran, deputy editor of Ozy.com posted “Kodak Got The Digital Picture Too Little, Too Late.” The tagline for Ozy.com is “Fresh Stories and Bold Ideas,” but ironically, this blog post is neither... Read More
Adesso Inc. announces KODAK licensed electronics New Products Press releases 

Adesso Inc. announces KODAK licensed electronics

Adesso Inc., an authorized Kodak brand licensee and a leading manufacturer of computer peripheral equipment, is introducing a comprehensive line of home and office electronics including KODAK iMouse, KODAK CyberTablet, KODAK TruForm Keyboards and the KODAK NUSCAN Monitors & Digital Camera Visual Presenters. A key product of the initial line-up is the KODAK NUSCAN Q500 Document Camera Visual Presenter, capable... Read More
Kodak, C+A Global announce KODAK SMILE instant camera, printer and app New Products Press releases 

Kodak, C+A Global announce KODAK SMILE instant camera, printer and app

Kodak expands its instant print offerings with the first two products from new SMILE line, now shipping on Amazon in time for Father’s Day and graduation season ROCHESTER, N.Y. & EDISON, N.J.–(BUSINESS WIRE)–Today, Kodak and C+A Global, an authorized brand licensee of Eastman Kodak Company, announced the availability of the KODAK SMILE Instant Print Digital Camera and the KODAK SMILE Instant Digital Printer.... Read More
Industry notes for the week of May 24 Earnings reports People on the Move 

Industry notes for the week of May 24

Rumours and reports Here are some interesting items from around the internet: Shoebox moves its shutdown date from May 22 to May 27. Robbery at The Camera Store in Canada – staff attacked with bear spray Masked men break Crescent Springs photography store owner’s arm, steal high-end cameras, via WCPO Kodak Pension Plan 2 officially enters PPF assessment in largest claim on lifeboat to date,... Read More
Kodak debuts KODACOLOR fabric inks for direct-to-garment applications New Products Press releases 

Kodak debuts KODACOLOR fabric inks for direct-to-garment applications

Eastman Kodak Company announced the introduction of Kodak’s KODACOLOR Fabric Inks. Kodak’s fabric inks are unique – leveraging proprietary ink dispersion technology with a 20-year history of ink development and manufacture, bolstered by decades of superior coating technology. The result is an exceptionally large color gamut, a more reliable high-quality image with outstanding shelf life and a soft, natural feel,... Read More
Kodak completes sale of its Flexographic Packaging Division to Montagu News Press releases 

Kodak completes sale of its Flexographic Packaging Division to Montagu

New company Miraclon to meet packaging industry needs with KODAK FLEXCEL Solutions ROCHESTER, N.Y.–(BUSINESS WIRE)–Today Eastman Kodak Company and Montagu Private Equity LLP announced the completion of the sale of Kodak’s Flexographic Packaging Division (FPD). Now part of Montagu’s portfolio, the division operates as a standalone company known as Miraclon. As previously announced, Kodak’s flexographic leadership team has transitioned as... Read More
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