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Kodak loses less...

 
Posted May 6th, 2014 @ 4:53pm by Bud Lowell

The new Eastman Kodak Company isn't turning a profit yet, but it's cutting away at its losses.

 

The company reported first quarter results this afternoon. It shows a net loss of $36 million -- a $54 million improvement from a year ago when comparable losses for the first quarter of 2013 were $85 million.

 

Kodak sales were off by 19 percent as the film and consumer inkjet product lines keep declining. The company also made less from licensing its technology. But sales of its high-end commercial printing gear are up and new CEO Jeff Clarke says that's the path to profitability.

 

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