Eastman Kodak warned investors on Monday that there is "substantial doubt" it will be able to continue to operate. The news came in the company's second-quarter earnings report, as CNN reports. Kodak currently has roughly $500 million in debt that is due within the next 12 months. The company ended the quarter with a cash balance of $155 million. It also reported a 1% year-over-year decrease in revenue and a GAAP net loss of $26 million for the quarter. Kodak added that these losses ...
Eastman Kodak warned investors on Monday that there is "substantial doubt" it will be able to continue to operate. The news came in the company's second-quarter earnings report, as CNN reports. Kodak currently has roughly $500 million in debt that is due within the next 12 months. The company ended the quarter with a cash balance of $155 million. It also reported a 1% year-over-year decrease in revenue and a GAAP net loss of $26 million for the quarter. Kodak added that these losses ...
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