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  • superbowl6wins superbowl6wins Jul 3, 2013 11:13 PM Flag

    Still Losing Money !

    Kodak had a gross profit of $18.9 million, as it has every month so far in 2013. In May 2012, by comparison, the company had a gross loss of $18.2 million.

    Gross profits don’t account for a variety of expenses such as such as administrative costs, R&D, and reorganization and restructuring costs. Including those, Kodak’s U.S. operations lost $47.9 million in May — roughly the same as its loss in April though a big improvement from the $88.3 million bottom-line loss in May 2012.

    Of that $47.9 million loss, about $12.5 million of that was reorganization costs — essentially, all the spending the company has to do related to its Chapter 11 bankruptcy.

    Chapter 7 is only a matter of time since EK can't turn a profit. Nobody is going to throw money away on this headache !