Kodak sees net loss widen to $47.87 million in May; revenues increase

By Caroline Salls

Pittsburgh, June 28 - Eastman Kodak Co. reported a $47.87 million net loss for May on $137.31 million of revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, Kodak posted a $46.29 million net loss for April on $127.81 million of revenues.

The company had $296.43 million in cash and cash equivalents as of May 31, down from $340.09 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 under Chapter 11 case number 12-10202.

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