Kodak Reports Loss for November

Kodak
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Updated: 12/29/2012 12:34 am
Rochester, N.Y. - Kodak reported a net loss of $60.1 million dollars and sales of $162.9 million for the month of November.

The figures were included in a report filed Friday with the Securities and Exchange Commission.

The reports are required while the company is in bankruptcy, however the figures are not reviewed by an auditor and are not subject to standard accounting practices.

At the end of November, Kodak says it had $274.1 million in cash or cash equivalents.

Loss from continuing operations totaled $59.7 million.

Kodak recently announced a deal to sell part of its digital patent portfolio for $525 million to a consortium of technology companies, including Apple, Google, Fuji, and Facebook.

Kodak says it plans to emerge from bankruptcy in 2013.
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