Aug. 12 (UPI) -- The New York-based Eastman Kodak company says there's "substantial doubt" over its future after 2025's second-quarter financial results pictured a negative future for the once-renowned camera and film brand.
Kodak ended the quarter with a $155 million case balance but lost $46 million from December of last year as company revenue decreased by $4 million with a $26 GAAP net loss for the quarter, according to a corporate report.
"These conditions raise substantial doubt about the company's ability to continue as a going concern," Kodak wrote in its filing.
Company officials explained in the report that losses were due to capital expenditures and effects of higher costs. They added it was compounded by changes in the 133-year-old Kodak's working capital and lower profitability.
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