Quarterly results from the OEM show net losses of $24 million (€21 million), up from $62 million (€56 million) for 2Q2014.
In contrast, revenues for the quarter came in at $458 million (€415 million), down 13 percent from the 1Q2014 figure of $528 million (€479 million), Rochester Business Journal reported. Kodak said the negative impact of currency exchange and expected falls in legacy products revenue had led to the smaller figure.
The Enterprise Inkjet Systems division achieved $45 million (€40 million) in revenues, down four percent, while Micro 3D Printing and Packaging logged revenues of $34 million (€30 million). Software & Solutions had revenues of $27 million for the quarter, the same as last year. The OEM revised its 2015 guidance for revenue of $1.8 billion (€1.6 billion) to $2 billion (€1.8 billion).
The Print Systems Division registered revenues of $282 million (€255 million), falling 12 percent from the 2012 result of $321 million (€291 million), owing to unfavourable foreign exchange, while revenues for the department fell two percent in terms of constant-currency. CEO Jeffrey Clarke commented: “We saw solid results from our core printing business divisions and strong growth in our industry-leading product lines: Sonora, Flexcel NX and Prosper.
“I am confident Kodak is on track to meet our financial goals for the year.”