EASTMAN KODAK Reports Second Quarter FY2023 Earnings on August 8th
August 28, 2023
🌥️Earnings Overview
On August 8 2023, EASTMAN KODAK ($NYSE:KODK) reported their second quarter of FY2023 earnings, concluding on June 30 2023, with total revenue coming in at USD 295.0 million, an 8.1% decrease compared to the same period last year. However, net income had a much more impressive showing, showing a rise of 75.0% to USD 35.0 million.
Stock Price
Stock opened at $5.3 and closed at $5.3, which was down by 0.6% from the previous closing price of $5.3 on the previous trading day. EASTMAN KODAK attributed the improvements to its continued focus on digital printing solutions for its customers, as well as its efforts to reduce costs and streamline its operations. Investors are encouraged to stay informed of future developments as the company continues to grow and build upon the positive momentum from this quarter’s earnings report. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastman Kodak. More…
| Total Revenues | Net Income | Net Margin |
| 1.17k | 57 | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastman Kodak. More…
| Operations | Investing | Financing |
| 8 | -58 | -6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastman Kodak. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 1.05k | 14.8 |
Key Ratios Snapshot
Some of the financial key ratios for Eastman Kodak are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | 25.6% | 11.5% |
| FCF Margin | ROE | ROA |
| -2.1% | 6.8% | 3.8% |
Analysis
GoodWhale conducted financial analysis of EASTMAN KODAK to determine its health and classify the company as a “rhino”. A rhino is a type of company that has achieved moderate revenue or earnings growth. This indicates that the company is likely to pay off debt and fund future operations, given its intermediate health score of 4/10 with regards to cashflows and debt. EASTMAN KODAK’s financial analysis revealed that it is strong in medium in asset, profitability, and weak in dividend and growth. This information can help investors decide whether or not to invest in the company. Investors who are interested in value-added investments may be interested in EASTMAN KODAK as it may provide them with solid returns in the long run. Investors who prefer a more conservative approach may look for other companies that have achieved higher growth or have a higher overall health score. More…
Peers
In the world of photography, there is stiff competition among providers of film, processing, and other related services. Two of the biggest competitors in this market are Eastman Kodak Co and Universe Printshop Holdings Ltd. Both companies have a long history in the industry and are well-known for their high-quality products and services. Kodak has traditionally been a leader in the market, but Universe Printshop has been gaining ground in recent years. Both companies offer a wide range of products and services, and both have loyal customer base.
However, Kodak has been facing some challenges in recent years, and Universe Printshop has been capitalizing on this. The two companies are locked in a fierce battle for market share, and it is anyone’s guess who will come out on top.
– Universe Printshop Holdings Ltd ($SEHK:08448)
Universe Printshop Holdings Ltd is a printing company that specializes in the production of high-quality printed materials. The company has a market cap of 35.1M as of 2022 and a return on equity of -14.36%. The company’s products are used in a variety of industries, including advertising, marketing, and publishing. Universe Printshop Holdings Ltd is a publicly traded company listed on the Hong Kong Stock Exchange.
– Billboard Ad Or ($LTS:0OGR)
As of 2022, Billboard Ad Or has a market cap of 2.92M and a ROE of 4.47%. The company is in the business of providing advertising services to businesses.
Summary
For potential investors looking at Eastman Kodak, the second quarter of FY2023 is a mixed bag. The company reported total revenue of USD 295.0 million, a decrease of 8.1% over the same period last year. On the other hand, net income increased by 75.0%, totaling USD 35.0 million. Investors should consider these figures when making decisions about investing in Eastman Kodak, as well as potential risks and rewards associated with an investment in this company.
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