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KODK Eastman Kodak

Kodak is a global technology company focused on print and advanced materials & chemicals. Kodak provides industry-leading hardware, software, consumables and services primarily to customers in commercial print, packaging, publishing, manufacturing and entertainment. Kodak is committed to environmental stewardship and ongoing leadership in developing sustainable solutions. Kodak's broad portfolio of superior products, responsive support and world-class R&D make Kodak solutions a smart investment for customers looking to improve their profitability and drive growth.

Company profile

Ticker
KODK
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
160417150

KODK stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

17 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 401M 401M 401M 401M 401M 401M
Cash burn (monthly) (positive/no burn) (positive/no burn) 4.67M 5.58M 5.33M 833.33K
Cash used (since last report) n/a n/a 11.52M 13.78M 13.16M 2.06M
Cash remaining n/a n/a 389.48M 387.22M 387.84M 398.94M
Runway (months of cash) n/a n/a 83.5 69.4 72.7 478.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 May 21 Michael Sileck RSU Common Stock, par value $.01 Grant Aquire A No No 0 10,000 0 10,000
19 May 21 Kathleen B. Lynch RSU Common Stock, par value $.01 Grant Aquire A No No 0 10,000 0 10,000
19 May 21 Kennedy Lewis Investment Management Common Stock Grant Aquire A Yes No 0 9,000 0 814,446
19 May 21 Kennedy Lewis Investment Management Common Stock Grant Aquire A Yes No 0 9,000 0 208,446

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

33.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 134 129 +3.9%
Opened positions 35 42 -16.7%
Closed positions 30 36 -16.7%
Increased positions 37 30 +23.3%
Reduced positions 33 27 +22.2%
13F shares
Current Prev Q Change
Total value 396.31M 274.41M +44.4%
Total shares 25.9M 15.55M +66.5%
Total puts 3.05M 2.54M +20.3%
Total calls 2.81M 3.06M -8.3%
Total put/call ratio 1.1 0.8 +31.2%
Largest owners
Shares Value Change
GO EK Ventures IV 10.05M $80.94M NEW
Vanguard 2.78M $21.86M -1.2%
Southeastern Asset Management 2.53M $19.95M 0.0%
BLK Blackrock 2.18M $17.17M +16.6%
Coatue Management 975K $7.67M -13.3%
Susquehanna International 731.21K $5.76M +226.9%
D. E. Shaw & Co 644.14K $5.24M 0.0%
Geode Capital Management 625.78K $4.92M +13.2%
WFC Wells Fargo & Co. 532.22K $4.19M +0.3%
STT State Street 517.79K $4.08M +5.0%
Largest transactions
Shares Bought/sold Change
GO EK Ventures IV 10.05M +10.05M NEW
D. E. Shaw & Co. 0 -642.22K EXIT
Susquehanna International 731.21K +507.53K +226.9%
Jane Street 53.82K -318.79K -85.6%
BLK Blackrock 2.18M +310.02K +16.6%
Natixis 296.2K +249K +527.5%
GMT Capital 236.4K +236.4K NEW
Atom Investors 0 -216.23K EXIT
Jump Financial 202.1K +202.1K NEW
Jackson Wealth Management 0 -200K EXIT

Financial report summary

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Competition
Applied Dna Sciences
Risks
  • If Kodak is not able to successfully implement its business plans, or experiences implementation delays in cost structure reduction, Kodak’s consolidated results of operations, financial position and liquidity could be negatively affected.
  • The ability to generate positive operating cash flows will be necessary for Kodak to continue to operate its business.
  • Continued investment, capital needs, restructuring payments, dividends and servicing the Company’s debt require a significant amount of cash and it may not be able to generate sufficient cash to fund these activities, which could adversely affect its business, operating results and financial condition.
  • If Kodak is unable to continue successful development, funding, and commercialization of products in businesses upon which it is focused or do so within an acceptable timeframe, its financial performance could be adversely affected.
  • Due to the nature of the products it sells and Kodak’s worldwide distribution, Kodak is exposed to fluctuations in foreign currency exchange rates, interest rates and commodity costs which, together with tariffs that may be imposed, may adversely impact its results of operations and financial position.
  • Weakness or worsening of global economic conditions could adversely affect Kodak’s financial performance and liquidity.
  • If Kodak is unable to successfully develop or commercialize new products or do so in a timely manner, its business, financial position and operating results may suffer.
  • If Kodak’s commercialization and manufacturing processes fail to prevent issues with product reliability, yield and quality, its product launch plans may be delayed, its financial results may be adversely impacted, and its reputation may be harmed.
  • If the reputation of Kodak or its brand erodes significantly, it could have a material impact on its financial results.
  • Increased competition, including price competition, could have a material adverse impact on Kodak’s revenue, gross margins, cash flow and market share.
  • An inability to provide competitive financing arrangements to Kodak’s customers or extension of credit to customers whose creditworthiness deteriorates could adversely impact its revenue, profitability and financial position.
  • If Kodak cannot effectively anticipate or rapidly respond to technology trends and develop and market new products to respond to changing customer needs and preferences, its revenue, earnings and cash flow could be adversely affected.
  • Kodak makes investments in new products and services that may not achieve expected returns.
  • Kodak relies on third-party suppliers and service providers to support its manufacturing, logistics, and business operations and faces the risks associated with reliance on external business partners.
  • Kodak’s inability to effectively complete and manage strategic transactions could adversely impact its business performance, including its financial results.
  • Cyber-attacks or other data security incidents that disrupt Kodak’s operations or result in the breach or other compromise of proprietary of confidential information about its workforce, its customers, or other third parties could disrupt its business, harm its reputation, cause it to lose customers, and expose it to costly regulatory enforcement and litigation.
  • Failure to comply with anti-corruption laws and regulations, anti-money laundering laws and regulations, economic and trade sanctions, and similar laws could have a materially adverse effect on Kodak’s reputation, results of operations or financial condition, or have other adverse consequences.
  • Failure to comply with privacy, data protection and cyber security laws and regulations could have a materially adverse effect on Kodak’s reputation, results of operations or financial condition.
  • If Kodak cannot protect the intellectual property rights on which its business depends, or if third parties assert it violates their intellectual property rights, its revenue, earnings, expenses and liquidity may be adversely impacted.
  • Kodak’s future pension and other postretirement benefit plan costs and required level of contributions could be unfavorably impacted by changes in actuarial assumptions, market performance of plan assets and obligations imposed by legislation or pension authorities which could adversely affect its financial position, results of operations, and cash flow.
  • Kodak may be required to recognize impairments in the value of its goodwill and/or other long-lived assets which could adversely affect its results of operations.
  • If Kodak fails to manage distribution of its products and services properly, its revenue, gross margins and earnings could be adversely impacted.
  • Kodak’s future results could be harmed if it is unsuccessful in its sales in emerging markets.
  • Kodak is subject to environmental laws and regulations. Failure to comply with such laws and regulations or liabilities imposed as a result of such laws and regulations could have an adverse effect on its business, results of operations and financial condition.
  • Kodak may have additional tax liabilities.
  • Kodak’s business, financial position, results of operations, cash flows and reputation may be negatively impacted by legal matters.
  • Regulations related to “conflict minerals” may require Kodak to incur additional expenses and could limit the supply and increase the cost of certain metals used in manufacturing Kodak’s products.
  • There can be no assurance the Company will be able to comply with the terms of its various credit facilities.
  • The current non-investment grade status and Kodak’s financial condition may adversely impact Kodak’s commercial operations, increase its liquidity requirements and increase the cost of refinancing opportunities. It may not have adequate liquidity to post required amounts of additional collateral.
  • The availability of borrowings and letters of credit under the ABL Credit Agreement and LC Credit Agreement is limited by the amount of various types of assets and, under certain circumstances, the administrative agent under the ABL Credit Agreement will have greater control over Kodak’s cash.
  • The Company’s substantial monetary obligations require a portion of its cash flow be used to fund other obligations rather than be invested in the business and could adversely affect its ability to fund its operations.
  • Kodak may desire additional capital funding and such capital may not be available to it and/or may be limited.
  • The conversion of the Series B Preferred Stock, Series C Preferred Stock and Convertible Notes into shares of the Company’s common stock may dilute the value for the current holders of the Company’s common stock.
  • The holder of the Series C Preferred Stock own a large portion of the voting power of the Company’s outstanding securities, and the holders of the Series C Preferred Stock and Convertible Notes each have the right to nominate one member for election to the Company’s Board. As a result, these holders may influence the composition of the Board and future actions taken by the Board.
  • The Company has registered, and has a duty to register, the resale of a large portion of its outstanding securities. The resale of the Company’s common stock, or the perception that such resale may occur, may adversely affect the price of its common stock.
  • The resale of a significant portion of the Company’s securities or certain accumulations or transfers of the Company’s securities could result in a change of control of the Company and the loss of favorable tax attributes.
  • The Company’s stock price has been and may continue to be volatile.
Management Discussion
  • For the year ended December 31, 2020, revenues decreased by approximately $213 million compared with the same period in 2019.  Volume declines and pricing and product mix within Traditional Printing ($112 million and $16 million, respectively) and volume declines in Digital Printing and Advanced Materials and Chemicals ($58 million and $42 million, respectively) drove the revenue declines. The revenue declines were offset by improved pricing and product mix in Advanced Materials and Chemicals ($14 million) and favorable mix of products in Digital Printing ($4 million) and favorable foreign currency ($9 million). The prior year period also included intellectual property licensing revenue ($13 million) associated with the HuaGuang relationship entered into in September 2019. See segment discussions for additional details.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Bad
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