创立133年，知名巨头宣布：撑不下去了

Core Viewpoint - Kodak, a 133-year-old imaging giant, has warned investors that it may not be able to sustain operations long-term, leading to a significant drop in its stock price by nearly 26% on August 12, closing down 19.91% [1][2]. Financial Performance - Kodak reported a revenue of $263 million for Q2, a slight decline of 1% year-over-year from $267 million [4]. - The company's gross profit was $51 million, down 12% compared to the previous year [4]. - Kodak incurred a net loss of $26 million in Q2, contrasting with a net income of $26 million in the same period last year, resulting in a loss per share of $0.36 compared to a profit of $0.23 per share previously [4]. Debt and Financial Concerns - Kodak faces approximately $500 million in debt that it cannot repay, raising significant doubts about its ability to continue operations [4]. - The company has announced it will terminate pension payments to raise cash [4]. Historical Context and Market Position - Kodak was once a dominant player in the global photography market, holding a 90% market share in film and 85% in cameras during the 1970s [6]. - The company's decline began with the rise of digital cameras and smartphones, despite having developed the first digital camera in 1975 [6]. - Kodak filed for bankruptcy protection in 2012, with total debts reaching $6.75 billion and 100,000 creditors [6]. Strategic Initiatives - In Q2, Kodak announced plans to expand its specialty chemicals and pharmaceutical product lines, investing "tens of millions of dollars" in new laboratories and manufacturing facilities [7]. - The CEO stated that while exploring diversification into new fields, Kodak will continue to maintain its traditional film business, which remains profitable despite its reduced contribution to total revenue [7].