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22 August 2023
Kodak Sales Down But Profits Are Up
ROCHESTER, NY—
Kodak delivered revenues of $295 million, compared with $321 million for Q2 2022, a decrease of $26 million or 8 percent results in the second quarter, increasing their gross profit Gross profit of $63 million, compared to $51 million for Q2 2022, an increase of $12 million or 24 percent gross profit percentage of 21 percent, compared with 16 percent for Q2 2022. Kodak introduction of their new inkjet presses, placed their first two new machines during the quarter, one KODAK PROSPER ULTRA 520 Press and one PROSPER 7000 Turbo Press,
and expect them to be in production in the third quarter. Kodak acquired Graphic Systems Services, Inc. (GSS).The company ended the second quarter with a cash balance of $223 million, compared with $217 million on December 31, 2022, an increase of $6 million compared with a decrease of $73 million in the prior-year period. Kodak primealy focused as a supplier to commercial printers and advanced materials & chemicals.
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