Kodak Q3 Report 2022

Today reported financial results for the third quarter 2022, including consolidated revenues of $289 million.

Third-quarter 2022 highlights include:

• Consolidated revenues of $289 million, compared with $287 million for Q3 2021 (increased $24 million on a constant currency basis)
• GAAP net income of $2 million, compared with $8 million for Q3 2021
• Operational EBITDA of $7 million, compared with $6 million for Q3 2021
• A quarter-end cash balance of $216 million, compared with $362 million at the end of 2021
• Q3 performance of key products compared with Q3 2021: SONORA Process Free Plates volume declined 10%, PROSPER inkjet annuities revenue declined 11% (increased 1% on a constant currency basis)

The Company had GAAP net income of $2 million for the quarter, compared to $8 million in the prior-year quarter. Operational EBITDA for the third quarter was $7 million, compared to $6 million in Q3 2021. Operational EBITDA was favorably impacted by the growth in revenue due to improved pricing, partially offset by higher continued ongoing global cost increases and unfavorable impact of foreign exchange.