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Exhibit 99.1 Kodak Reports Second - Quarter 2021 Financial Results ROCHESTER , N.Y .-- ( BUSINESS WIRE ) -- August 10 , 2021 -- Eastman Kodak Company ( NYSE : KODK ) today reported financial results for the second quarter 2021 , including consolidated revenues of $ 291 million and a year - over - year improvement in cash performance . Second - quarter 2021 highlights include : • Consolidated revenues of $ 291 million • GAAP net income of $ 16 million • The Company ended the quarter with a cash balance of $ 395 million " Kodak's strong second - quarter performance reflects the impact of changes we've made and our continued focus on our core competencies and our long - term plan , ” said Jim Continenza , Kodak's Executive Chairman and CEO . “ Over the last two years we have concentrated on our strengths as an industrial manufacturer , established a customer - first model , fixed our balance sheet and raised capital . The result is improved performance in all our businesses and a solid foundation . " For the quarter ended June 30 , 2021 , revenues were $ 291 million , an improvement of $ 78 million compared to the prior - year quarter . Kodak ended the second quarter with a cash balance of $ 395 million , an increase of $ 199 million from December 31 , 2020. GAAP net income was $ 16 million for the second quarter , compared to a net loss of $ 5 million in the second quarter 2020 . Operational EBITDA for the quarter was $ 10 million compared to negative $ 7 million in the prior - year quarter . " I am encouraged by our financial performance for the quarter , which included year - over - year improvements in revenues and Operational EBITDA across all of our divisions , ” said David Bullwinkle , Kodak's CFO . “ During the second quarter we used $ 6 million in cash , an improvement of more than $ 20 million compared to the prior - year quarter , driven by increases in revenue and profit . We will continue to focus on the execution of our long - term plan . "