Kodak Reports Net Loss of $78 Million in June
By: WROC-TV
Updated: August 30, 2012
Monthly numbers have come in for Kodak, and the overall result is not good.
The company had revenue of $162 million in the month of June. But that revenue is overshadowed by the amount of spending, which exceeds the amount of revenue by $78 million. This excess of spending is less than the $100 million reportedly spent earlier in the year. Kodak is trying to cut its losses so it can come out of bankruptcy. The company is spending an estimated $1 billion per year.
The company had revenue of $162 million in the month of June. But that revenue is overshadowed by the amount of spending, which exceeds the amount of revenue by $78 million. This excess of spending is less than the $100 million reportedly spent earlier in the year. Kodak is trying to cut its losses so it can come out of bankruptcy. The company is spending an estimated $1 billion per year.
