Home / Going-concern warnings / EASTMAN KODAK CO
Filed 2025-08-11 路 Form 10-Q 路 Accession 0000950170-25-106568 small
Price before filing: $7.04 (2025-08-08 close, split/dividend-adjusted)
Market cap at flag: $608.8M (2025-08-11) 路 Latest: $794.7M (2026-10-16)
| Window | KODK | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -18.3% | +2.4% | -20.7% | 2025-09-10 |
| 90 days | +22.9% | +7.2% | +15.6% | 2025-11-10 |
| 180 days | +10.9% | +9.5% | +1.4% | 2026-02-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 2 insiders bought $344K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-11: red flag filed | |||||||
| 2025-08-14 | CONTINENZA JAMES V Executive Chairman and CEO, Director | Purchase | 50,000 | $5.74 | $287K | no | Form 4 |
| 2025-08-14 | Katz Philippe D Director, 10% owner | Purchase | 10,000 | $5.67 | $57K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-13 to 2025-09-10. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about Kodak's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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