Eastman Kodak Co (NYSE:KODK) shares dropped 16% to $5.62 on Friday following a weaker-than-expected first-quarter earnings report.
What To Know: The company posted a net loss of $7 million, or a loss of 12 cents per share, a sharp reversal from net income of $32 million, or 30 cents per share, in the same period last year.
Revenue came in at $247 million, down slightly from $249 million a year ago. Operational EBITDA fell 50% to $2 million, primarily due to rising aluminum and manufacturing costs.
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Gross profit declined 6% year-over-year to $46 million, and cash flow from operations saw a $55 million drop. Kodak ended the quarter with $158 million in cash, down from $201 million at the end of 2024, driven by ongoing investments in technology, infrastructure, and its Advanced Materials & Chemicals business.
Despite the financial setbacks, Kodak leadership emphasized its long-term strategy, including U.S.-based manufacturing expansions and the development of FDA-regulated pharmaceutical components.
CEO Jim Continenza said the company remains focused on streamlining operations and building future growth amid a challenging business environment.
How To Buy KODK Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Eastman Kodak’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, KODK has a 52-week high of $8.24 and a 52-week low of $4.26.