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Kodak Reports 1Q 2021 Financial Results

Notes consolidated revenues of $265 million, GAAP net income of $6 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

With GAAP net income of $6 million for the quarter ended March 31, 2021 compared to a net loss of $111 million in the prior-year quarter, Eastman Kodak Company reported solid financial results for the first quarter 2021. Kodak reported consolidated revenues of $265 million and an increase in cash from a series of financial transactions previously announced, including GAAP net income of $6 million. The company ended the quarter with a cash balance of $401 million “The steps we have taken in the...

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