Brief: Kodak Reports Full-Year 2020 Results

Eastman Kodak

16/03/2021 21:03

March 16 (Reuters) - Eastman Kodak Co  KODK.N :
    * KODAK REPORTS FULL-YEAR 2020 FINANCIAL RESULTS
    * EASTMAN KODAK CO -  2020 CONSOLIDATED REVENUES OF $1
BILLION
    * EASTMAN KODAK CO - GAAP NET LOSS WAS $541 MILLION FOR YEAR
ENDED
DECEMBER 31, 2020
    * EASTMAN KODAK - FY GAAP NET LOSS INCLUDED A CHARGE OF $416
MILLION TO REFLECT INCREASED VALUE OF DERIVATIVE LIABILITY
EMBEDDED IN CONVERTIBLE NOTES
    * EASTMAN KODAK CO - OPERATIONAL EBITDA WAS NEGATIVE $1
MILLION
FOR YEAR ENDED DECEMBER 31, 2020, COMPARED WITH $13 MILLION IN
2019

Source text for Eikon:  ID:nBw133d6Ma 
Further company coverage:  KODK.N 

 ((Reuters.Briefs@thomsonreuters.com;))