Eastman Kodak Company Stock News

Kodak has issued a statement rebutting “misleading media reports” caused by the widespread furore over its future following its Q2 filing, which was interpreted as a warning that it could cease operations.

Eastman Kodak is denying reports that it's shutting down.

Eastman Kodak is denying reports that it's shutting down. On Wednesday, media outlets like CNN and CNBC detailed the company's ongoing financial challenges, including statements made in its earnings report that warned investors it didn't have “committed financing or available liquidity” to meet debt obligations coming due within 12 months.

Film camera company Eastman Kodak is facing significant financial struggles, according to its second quarter earnings report. The challenges come even as Gen Z is largely driving a resurgence of film cameras, leaning into the retro aesthetics.

The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.

Eastman Kodak, one of the most iconic American companies, known for its photography and film business, said it is at risk of going out of business, prompting a massive stock slide on Tuesday.

Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.

Kodak (NYSE:KODK) has issued a “going concern' warning alongside its second quarter results, signalling doubt about the film and commercial printing company's ability to continue operations. Kodak posted a $26 million net loss and a 1% year-over-year decline in revenue to $263 million for the second quarter.