Kodak Q4 brings profit, overall 2015 losses reduced

Kodak to divest its Prosper inkjet

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Kodak
Jeff Clarke, CEO, Kodak

Kodak’s worldwide sales fell 15% in 2015 but slightly improved in profitability although the year still ended with losses of US$ 75 million on turnover that went down from US$ 2.1 billion to US$ 1.8 billion. While announcing its results, the company also Kodak said it plans to sell its Prosper inkjet business Kodak says that it is already in talks with prospective buyers for its enterprise inkjet systems such as Prosper and the recently announced Ultrastream systems but it will retain the older Versamark business. Kodak will still show the Prosper and Ultrastream inkjet systems at drupa since it is likely that the sale will take several months to conclude. In a call with investors, Kodak Ceo Jeff Clarke said that in order to be profitable both Prosper and Ultrastream still require considerable scaling and investment resources. Apparently potential buyers of the business will have these extensive global go-to-market resources in addition to the resources needed to sell the Prosper presses at below cost with expectations that the annuity income from consumables will ultimately…

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