Eastman Kodak is facing a severe financial crisis that could force it out of business, the iconic photography equipment-maker told investors on Aug. 11.
In its second-quarter earnings report filed with the Securities and Exchange Commission, the Rochester, New York-based company said there is “substantial doubt” about its ability to continue operating, a warning publicly traded companies are required to make when their finances deteriorate.
The warning stems from Kodak’s struggle to pay roughly $500 million in upcoming debt obligations. For the quarter ending June 2025, Kodak reported a net loss of $26 million, a sharp reversal from the $25 million profit recorded in the same period last year….