Core Viewpoint - Kodak is facing a survival crisis due to significant debt, with reports indicating potential difficulties in continuing operations, although the company asserts confidence in repaying most debts before maturity [1][3]. Financial Performance - Kodak's debt is approximately $500 million, with multiple financial indicators deteriorating; the gross profit for Q2 decreased by 12% year-over-year to $51 million, and the net loss for Q2 was $26 million, contrasting sharply with a net income of $26 million in the same period last year [3]. - Following the negative news, Kodak's stock price plummeted by 26% during intraday trading [3]. Company Response - Kodak has refuted claims of impending insolvency, expressing confidence in repaying most debts before their due date and plans to modify, extend, or refinance remaining debts and preferred stock [5]. - The company emphasized that its focus for the second half of the year will be on cost reduction and transforming investments into "long-term growth" [5]. Company Background - Founded in the 1880s in Rochester, New York, Kodak once dominated the global film market but filed for bankruptcy reorganization in 2012 due to prolonged operational mismanagement, returning to the NYSE in 2013 while continuously seeking to expand its business areas [7].