Interesting and well-done video on the background and current situation of Kodak. Apparently, they do $75 million in film sales just a small part of their overall sales. This amount does not include Alaris sales who distribute Eastman Kodak film.
At one time Kodak was a 2 billion dollar business.
FWIW, the August 8, 2023 update to the Eastman Kodak financial statements indicate that the Advanced Materials and Chemicals segment - which includes film - had six month revenues of $133 million.
My biggest concern/skepticism with the video is that, to the best of my knowledge, Eastman Kodak doesn't share what portion of the Advanced Materials and Chemicals revenue relates to film or photography. Same applies to Kodak Alaris and film, although the "Kodak Moment" segment is, at least, all about photography.
According to the video, the $75 million in 2022 revenue (December31st year end) includes the revenue from motion picture film they sell directly or sell to retailers/distributors, and the film they sell wholesale to Kodak Alaris.
Again according to the video, Kodak Alaris' annual revenue from film sales to lower level distributors was $30 million dollars for the year ending on March 31, 2022.
$75 million was approximately 6% of Eastman Kodak's revenue.
Only if you trust the accuracy of those numbers in the video.
Since Eastman Kodak is required to publish an Acurate, audited annual report, the logical thing to do would be to get it from the Source. https://investor.kodak.com/financial-information/annual-reportsAnd I don't trust those numbers. Certainly too low. He has probably made a mistake. Because the presented numbers contradict what Kodak has said in the last years. If you look alone at the number of workers in the film production, that must be at least 700 now, probably more.
Here is the link to the Earnings Call presentation - no reference as far as I can see to the photographic film numbers: https://investor.kodak.com/static-files/ba22eea4-f355-4d36-aaf0-73428e2e9d58
I did not participate in the conference call
Profits and sales going down from previous year is not good especially when you consider Covid was around more then.
UH, profits/Net Income went up ($35 million vs. $12 million), on a comparative basis, for the quarter in question.
Kodak is doing fine. As long as the economy doesn't tank there's good money in the graphics world. Just don't make a "coin"
Did I miss the CEO mentioning that in the report. If he didn't, why didn't he? That seems like an important statistic if true.
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