Today Kodak provides printing services for cinemas, enterprise inkjet printing and a burgeoning 3D printing and packaging business. It also has a consumer focused mobile branch which shows some potential.
With more of an industrial and niche focus, Kodak has found its feet again and that?s what allowed it to earn a profit of $12 million in the quarter ending 30th September. This comes from a total revenue stream of $380 million. While this was technically a reduction in overall sales, better business streamlining and higher margins allowed Kodak to profit successfully.
This is the second profitable quarter that Kodak has had and a real turn around from this time last year, when it lost $22 million in the same quarter.
?I?m especially pleased with the improvement of our cash flow performance this year and the progress we?ve made toward our full-year goal of cash generation,? said David Bullwinkle, Kodak CFO. ?Generating cash and strengthening our financial position will enable us to invest in future growth opportunities.?
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