Eastman Kodak's stock experienced a pre-market plunge of 14.77% on Friday, continuing the negative momentum from the previous trading session.

The sharp decline was triggered by the company's first-quarter 2026 financial results, which showed a GAAP net loss of $16 million, significantly wider than the $7 million loss reported in the same period last year. Losses per share also deteriorated, coming in at $(0.21) compared to $(0.12) a year earlier, representing a 75% increase in losses year-over-year.

While the company reported a 7% year-over-year increase in revenue to $265 million and an improvement in operational EBITDA to $15 million from $2 million, investors focused on the expanding bottom-line losses, leading to the substantial sell-off in pre-market trading.