Home / Going-concern warnings / EASTMAN KODAK CO
Filed 2025-11-06 路 Form 10-Q 路 Accession 0001193125-25-269608 small
Price before filing: $5.9 (2025-11-05 close, split/dividend-adjusted)
Market cap at flag: $525.3M (2025-11-06) 路 Latest: $794.7M (2026-10-16)
| Window | KODK | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +61.5% | +0.9% | +60.6% | 2025-12-08 |
| 90 days | +26.3% | +1.6% | +24.7% | 2026-02-04 |
| 180 days | +139.0% | +7.4% | +131.6% | 2026-05-05 |
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: 2 insiders bought $344K (2 purchases)
30 days after: 1 insider sold $158K (1 sale); 1 insider bought $37K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-11-06: red flag filed | |||||||
| 2025-11-10 | Byrd Roger W. General Counsel, Sec., SVP | Sale | 19,744 | $8.00 | $158K | yes | Form 4 |
| 2025-11-17 | Katz Philippe D Director, 10% owner | Purchase | 5,000 | $7.35 | $37K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-08 to 2025-12-06. 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.
"Based on the actions completed by management, the Company will receive sufficient proceeds from the reversion of cash from KRIP to the Company in December 2025 to adequately fund the Company's debt obligations required to be paid from such proceeds or otherwise maturing within twelve months as of the filing of this Form 10-Q. Therefore, the prior conditions that raised substantial doubt about Kodak's ability to..."
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 2025-09-30)
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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