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43%  
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  • Kodak Issues Dire Warning About Historic Company's Future

    08/12/2025 12:14:40 PM PDT · by libstripper · 101 replies
    Men's Journal ^ | Aug. 12, 2025 | Matt Hladik
    Eastman Kodak issued a concerning message to investors Monday, indicating that the 133-year-old camera company's future may be in trouble. In its second quarter earnings report, released Monday, Kodak indicated it is losing profits, adding that it doesn't have the “committed financing or available liquidity” to pay its $500 million debt obligations. Kodak added that right now, the plan to fund its debt consists of using excess funds from the termination of a retirement pension plan to "reduce the amount of term debt and to amend, extend or refinance its remaining debt and preferred stock obligations."