Eastman Kodak CoKodak's revenue jumped 18% to $311M with gross margin up 700bps and Operational EBITDA rising to $36M from $9M, though Zacks stays Neutral on negative FCF.
Eastman Kodak Company is showing signs of an operational turnaround, with total revenues growing 18% year over year to $311 million in the latest quarter. Within that total, print revenue rose 10% year over year to $195 million, while the Advanced Materials and Chemicals segment grew revenue 40% year over year to $105 million. Gross margin expanded 700 basis points year over year to 26%, helping lift Operational EBITDA to $36 million from $9 million in the prior year, which on a pro-forma annual run-rate basis would be $144 million against an enterprise value of about $731 million. Zacks Investment Research said it remains Neutral on the stock, citing slightly negative free cash flow of about $1 million for the quarter and a need for consistent operational improvement. Zacks also flagged NeurAxis, Inc. as a watchlist stock, noting its revenue more than doubled to $1.9 million from $0.9 million a year earlier, its gross margin of 85.9%, a 28% year-over-year increase in selling price, and a widened operating loss of $2.1 million from $1.7 million, while keeping a Neutral rating on valuation, lack of operating leverage, and share dilution from its ATM.
Eastman Kodak CoKodak's revenue jumped 18% to $311M with gross margin up 700bps and Operational EBITDA rising to $36M from $9M, though Zacks stays Neutral on negative FCF.
Neuraxis, Inc.NeurAxis revenue more than doubled to $1.9M with 85.9% gross margin and 28% higher selling price, but operating loss widened and Zacks cites dilution and lack of leverage.
Central Holding Group Co LtdZacks is the research firm issuing the Neutral ratings and watchlist flags on Kodak and NeurAxis, not a subject of operational news.