Rochester, N.Y.—Eastman Kodak Co., the 131-year-old film company struggling to shift to b-to-b marketing and digital printing services, announced a $222 million loss for its third quarter and warned that its survival may be in doubt.
Kodak, which recently introduced a personalized digital print process; workflow software; and a consultancy to develop, execute and measure multichannel campaigns, saw its deficit increase from the $43 million loss it logged a year ago. Revenue dropped 17% in the third quarter, to $1.46 billion, compared with $1.76 billion in the year-ago quarter.
In a filing
with the Securities and Exchange Commission, the company said that it may not be able to stay in business unless it raises cash from the sale of its patents or adds debt.