Shares of Eastman Kodak (KODK) plummeted 12.09% in after-hours trading on Monday following the release of the company's second-quarter 2025 financial results. The imaging technology company reported a significant downturn in performance, swinging from a profit to a substantial loss.

Kodak's Q2 results revealed a consolidated revenue of $263 million, marking a slight 1% decrease from $267 million in the same period last year. However, the most striking figure was the company's bottom line, which swung dramatically from a net income of $26 million in Q2 2024 to a net loss of $26 million this quarter. This represents a staggering 200% decrease year-over-year. The company's earnings per share (EPS) also reflected this downturn, falling to $(0.36) from $0.23 in the previous year.

Other key financial metrics also showed signs of strain. Operational EBITDA declined by 25% to $9 million, down from $12 million in Q2 2024. The company attributed this decrease to lower volumes, increased aluminum and manufacturing costs, partially offset by price increases and reduced spending on IT systems and trade show-related expenses. Additionally, Kodak's cash balance fell to $155 million from $201 million at the end of 2024, primarily due to capital expenditures for growth initiatives and changes in working capital. The market's severe reaction to these results suggests investors are concerned about Kodak's financial health and future growth prospects.