Will Kodak Go Out of Business for Good?

Kodak has issued a "going concern" warning, expressing serious doubt about its ability to continue operating due to financial instability.

Transcript

00:00Kodak has issued a warning of concern, expressing serious doubt about its ability to continue

00:05operating due to financial instability.

00:08The company faces around $500 million in debt coming due within the next year, and also

00:13lacks committed financing or enough cash to cover these obligations.

00:18To conserve cash and manage its debt, Kodak has also terminated its pension plan.

00:23This announcement caused Kodak's stock price to drop sharply, reflecting investor concern

00:28about the company's survival.