Twice as much as in 2011, company still hopes to be reborn though

Mar 12, 2013 14:45 GMT  ·  By

Over the past two years, Kodak scrapped many of its business outlets and gave up certain things it owned, while selling others, all in the hopes of emerging from bankruptcy.

The company continues to have positive expectations on that front.

Meanwhile, though, things aren't looking up at all on the financial front. In fact, not only did Kodak lose money during 2012, but it lost twice as much as it did in 2011, as revealed to investors in its annual report.

That means a total sum of $1.38 billion, or 1.06 billion Euro, give or take.

As dismal as it sounds, this was actually on track with the company's expectations.

At this point, Kodak can only do one thing: focus on the digital printing industry, as that is really the sole business segment it still has going strong.