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Kodak announces new capital sources, debt structure News 

Kodak announces new capital sources, debt structure

GaryPageau
Eastman Kodak Co. announced a series of financial transactions providing access to new capital, addressing maturing debt obligations, and strengthening the company’s ability to invest in strategic growth opportunities in print, advanced materials and chemicals, the company said. Kennedy Lewis Investment Management LLC has provided Kodak with an initial $225 million term loan and a commitment to provide delayed-draw term... Read More
Pigment.Inc. B.V. Europe to distribute Kodak garment inks News 

Pigment.Inc. B.V. Europe to distribute Kodak garment inks

GaryPageau , ,
Eastman Kodak Co. announces a partnership with Pigment.inc B.V Europe to be the premier worldwide distributor of Kodak’s KODACOLOR EDTG Series Direct to Garment (DTG) Inks. The KODACOLOR EDTG Series Inks from Kodak were explicitly designed for direct-to-fabric printing on cotton, cotton blends, and polyester fabrics. This water-based ink is designed to work in digital printers that employ piezo-electric printheads... Read More
Kodak reports second-quarter 2020 loss Earnings reports 

Kodak reports second-quarter 2020 loss

GaryPageau
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
Kodak updates digital and offset portfolio New Products 

Kodak updates digital and offset portfolio

GaryPageau
Eastman Kodak Co. announced the KODAK PROSPER 6000 Press which delivers offset-like quality at a consistent production speed of 150 mpm/500 FPM on glossy papers with high ink coverage and variable print — all at the industry’s lowest cost of operation, the company said. The new press is the first Kodak-manufactured press using Kodak’s ULTRASTREAM writing system, which employs high-precision... 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
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
Former Xaar CEO Doug Edwards joins EFI as CTO People on the Move 

Former Xaar CEO Doug Edwards joins EFI as CTO

GaryPageau , ,
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

GaryPageau , ,
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

GaryPageau ,
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

GaryPageau
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
Global mobile photo printer market to grow 5.5%: TMR research Market research News Press releases 

Global mobile photo printer market to grow 5.5%: TMR research

GaryPageau , , , , , , , , , , , 1 Comment
Rising technological advancements and changing lifestyles due to rise in disposable income and quick results are expected to accelerate the Global Mobile Photo Printer Market  According to a new market report, the global mobile photo printer market is expected to reach US$ 2,922.0 million by 2027, expanding at a CAGR of 5.5% from 2019 to 2027. North America held a... Read More
Kodak, Eye Caramba offering smartphone photography accessories Events New Products Press releases 

Kodak, Eye Caramba offering smartphone photography accessories

GaryPageau , , , , ,
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

GaryPageau
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

GaryPageau , ,
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

GaryPageau , , , , , , 3 Comments
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