Kodak Issues A Preliminary Financial Report For 2015

Jan 21, 2016
Originally published on January 20, 2016 10:40 pm

Kodak expects its revenue for 2015 to come in at or near the low end of its earlier guidance of between $1.8 billion and $2 billion.

And in a preliminary report on its 2015 financial performance released Wednesday, the company also said it expects its operational earnings, or ‘EBITDA’ to be at or near the high end of its earlier outlook of between $100 million and $120 million.

Kodak says it’s in the process of finalizing its financial results for the fourth quarter and full year, and plans to report its audited results on an Annual Report in early March.

Kodak now focuses much of its business on commercial packaging and printing, although earlier this month at a consumer electronics show in Las Vegas the company created some buzz around a new film camera, based on the Super 8 camera launched 50 years ago.

At that trade show, CEO Jeff Clarke told the Wall Street Journal that the company is now meeting financial targets, but also said that Kodak is still a company where most of the business is in slow-growing or declining markets.