Kodak sees net loss shrink to $88.32 million in May; revenues rise

By Caroline Salls

Pittsburgh, June 29 - Eastman Kodak Co. reported an $88.32 million net loss for May on $173.63 million in revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed improvement over the $91.34 million net loss posted for April on $156.03 million in revenues.

The company reported cash and cash equivalents of $574.22 million as of May 31, down from $617.61 million at the end of April.

Kodak is a Rochester, N.Y.-based imaging technology products and services provider to the photographic and graphic communications markets. The company filed for bankruptcy on Jan. 19, 2012 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 12-10202.

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