Kodak Executives Bolster Confidence in the Company with Significant Stock Purchases.

Kodak executives have made significant stock purchases, with CEO James Continenza buying 50,000 shares worth $287,000 and Director Philippe Katz purchasing 10,000 shares worth $56,700. The company reported a decline in revenue and a net loss in Q2 2025, but its Advanced Materials & Chemicals segment showed growth. Kodak's stock score is neutral due to financial challenges and unattractive valuation metrics.

Eastman Kodak Company (NYSE: KODK) reported its financial results for the second quarter of 2025, highlighting a decline in revenue and a significant net loss. Despite these challenges, the company's Advanced Materials & Chemicals (AM&C) segment showed growth, and executives have made significant stock purchases.

Financial Highlights:
- Revenue: Kodak reported consolidated revenues of $263 million for Q2 2025, a decrease of $4 million or 1 percent compared to the same period in 2024. Adjusting for the favorable impact of foreign exchange, revenues decreased by $9 million, or 3 percent [1].
- Gross Profit: Gross profit decreased to $51 million, a decrease of $7 million or 12 percent compared to Q2 2024.
- GAAP Net Loss: Kodak reported a GAAP net loss of $26 million for the quarter, compared to net income of $26 million in 2024, a decrease of $52 million or 200 percent.
- Operational EBITDA: Operational EBITDA decreased to $9 million, a decrease of $3 million or 25 percent compared to Q2 2024.
- Cash Balance: Kodak ended the quarter with a cash balance of $155 million, a decrease of $46 million from December 31, 2024.

Segment Performance:
- The AM&C segment showed growth, with revenues of $178 million and Operational EBITDA of $8 million in Q2 2025, compared to $186 million and $8 million in Q2 2024, respectively.
- The Print segment reported revenues of $75 million and Operational EBITDA of $5 million in Q2 2025, compared to $73 million and $4 million in Q2 2024, respectively.

Executive Stock Purchases:
- CEO James Continenza bought 50,000 shares worth $287,000.
- Director Philippe Katz purchased 10,000 shares worth $56,700.

Going Concern Assessment:
Kodak has included a disclosure regarding its going concern assessment in its second quarter 2025 Form 10-Q filing. Kodak's plans to adequately fund its preferred stock and debt obligations when they become due are to use the proceeds from the expected reversion of cash to the Company upon settlement of obligations under the Kodak Retirement Income Plan to reduce the amount of term debt and to amend, extend or refinance its remaining debt and preferred stock obligations. These plans are not solely within Kodak’s control and therefore are not deemed “probable” under U.S. GAAP accounting rules. As a result, these conditions raise substantial doubt about the Company’s ability to continue as a going concern as of the issuance date of the Company’s second quarter financials [1].

Outlook:
Kodak plans to focus on serving its customers, strengthening its balance sheet, and developing growth businesses for its future. The company expects to have a clear understanding by August 15 of how it will satisfy its obligations to all plan participants and anticipates completing the reversion by December of 2025.

References:
[1] https://investor.kodak.com/news-releases/news-release-details/kodak-reports-second-quarter-2025-financial-results