The following is a summary of the Eastman Kodak Company (KODK) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Eastman Kodak reported a Q1 2024 revenue of $249 million, a decline of roughly 10% compared to Q1 2023.

• The gross profit percentage increased from 18% to 20%, primarily due to operational efficiency.

• Kodak's net income for Q1 2024 was $32 million, just a slight drop from the previous year's Q1 net income of $33 million, showing relative stability in its financial performance.

• Kodak increased its cash balance to $262 million, an increase of $7 million from the end of 2023.

Business Progress:

• Kodak continues accelerating its innovation across its portfolio of offset and digital solutions in order to impact their overall growth.

• Investments in their AMC segment are ongoing, intended to satisfy growing demand in the film industry.

• The company is targeting long term growth by leveraging its strength in chemicals, layering and coating.

More details: Eastman Kodak IR

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