Eastman Kodak Company (KODK) reported total revenues of $311 million for the latest quarter, marking an 18% year-over-year increase. Print revenue increased by 10% to $195 million, while the Advanced Materials and Chemicals (AMC) segment saw a 40% growth to $105 million. Gross margin improved by 700 basis points year-over-year to 26%, enabling Operational EBITDA to rise to $36 million, compared to $9 million the previous year.
Despite signs of recovery, Kodak’s free cash flow was slightly negative at $1 million. Analysts maintain a neutral stance on the stock due to the necessity for continued operational improvement and more stable free cash flow performance.
In related news, NeurAxis, Inc. (NRXS) reported its revenue more than doubled to $1.9 million, up from $0.9 million a year ago, but the company faced a widened operating loss of $2.1 million. The company maintains a high gross margin of 85.9%, indicating pricing power and momentum in health insurance coverage for its products.
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