Eastman Kodak(US:KODK)2022-11-08 22:15Financial Performance - Q3 2022 - Consolidated revenue increased by $2 million, a 1% increase, reaching $289 million compared to Q3 2021[13] - Adjusted consolidated revenue, accounting for unfavorable foreign exchange impacts, increased by $24 million, an 8% increase, reaching $311 million[13] - Net income decreased by $6 million, resulting in $2 million[13] - Adjusted net loss was $3 million, a decrease of $8 million[13] - Operational EBITDA increased by $1 million, resulting in $7 million[13] - Adjusted Operational EBITDA, accounting for unfavorable foreign exchange impacts, increased by $3 million, resulting in $8 million[13] Financial Performance - Year-To-Date 2022 - Consolidated revenue increased by $57 million, reaching $900 million compared to YTD 2021[15] - Adjusted consolidated revenue, accounting for unfavorable foreign exchange impacts, increased by $108 million, reaching $951 million[15] - Net income decreased by $11 million, resulting in $19 million[15] - Adjusted net income decreased by $12 million, resulting in $5 million[15] - Operational EBITDA decreased by $8 million, resulting in $11 million[15] - Adjusted Operational EBITDA, accounting for unfavorable foreign exchange impacts, decreased by $7 million, resulting in $8 million[15] Business Strategy and Investments - The company exercised its right to draw an additional $50 million from the Term Loan Credit Agreement, partially used to fund an investment in Wildcat Discovery Technologies, Inc[9] - The company's long-term strategy continues to focus on core competencies in print and advanced materials and chemicals[11]