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Kodak Reports 1Q 2023 Financial Results

GAAP net income was $33 million for the quarter, compared with negative $3 million in Q1 2022, an increase of $36 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Eastman Kodak Company reported financial results for the first quarter 2023. For the quarter ended March 31, 2023, revenues were $278 million, a decline of $12 million or 4% compared to the same period in 2022. Adjusting for the unfavorable impact of foreign exchange of $10 million, revenues decreased by $2 million, or 1% compared to the prior year. GAAP net income was $33 million for the quarter, compared with negative $3 million in Q1 2022, an increase of $36 million. Operational EBITDA ...

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