Eastman Kodak(KODK) - 2024 Q3 - Quarterly Results

Revenue Performance - Consolidated revenues of $261 million, a decrease of $8 million or 3% compared to Q3 2023[1] - Print segment revenue of $182 million, a decrease of $14 million compared to Q3 2023[6] - Advanced Materials & Chemicals segment revenue of $71 million, an increase of $7 million compared to Q3 2023[6] - Revenue decline of $9 million or 3% excluding the impact of foreign exchange[2] - Total revenues for Q3 2024 were $261 million, a slight decrease from $269 million in Q3 2023[21] Profitability Metrics - Gross profit of $45 million, a decrease of $5 million or 10% compared to Q3 2023[1] - GAAP net income of $18 million, an increase of $16 million or 800% compared to Q3 2023[1] - Operational EBITDA of $1 million, a decrease of $11 million or 92% compared to Q3 2023[1] - Operational EBITDA for the Print segment was $(9) million, a decrease of $13 million compared to Q3 2023[6] - Operational EBITDA for the Advanced Materials & Chemicals segment was $6 million, an increase of $2 million compared to Q3 2023[6] - Net Income for Q3 2024 was $18 million, an increase of 800% compared to $2 million in Q3 2023[19] - Operational EBITDA for Q3 2024 was $1 million, a decrease of 92% compared to $12 million in Q3 2023[19] - Gross profit for Q3 2024 was $45 million, down from $50 million in Q3 2023[21] Cash and Liquidity - Cash balance of $214 million, a decrease of $41 million from December 31, 2023[1] - Cash and cash equivalents decreased to $214 million in September 2024 from $255 million in December 2023[24] - Net cash used in operating activities was $11 million for the nine months ended September 30, 2024, compared to $21 million provided by operating activities in the same period in 2023[28] - Additions to properties in the nine months ended September 30, 2024 were $39 million, up from $15 million in the same period in 2023[28] - Net cash used in financing activities was $21 million for the nine months ended September 30, 2024, compared to $87 million provided by financing activities in the same period in 2023[28] - Cash, cash equivalents, and restricted cash decreased to $322 million at the end of September 2024 from $374 million at the end of September 2023[28] Asset and Investment Changes - Total assets increased to $2,388 million in September 2024 from $2,355 million in December 2023[24]