The Eastman Kodak Company, once among America's greats but long-diminished by the decline of film and bankruptcy, "may not survive" its latest crisis. After 133 years in business, the company said money that it has "substantial doubt" about its solvency and issued a concern warning, meaning it may cease operations as a result.

Shares of Kodak plunged $1.73, or 26%, to $5.05 in Tuesday morning trading. Reached for comment, a Kodak spokesperson pointed to the statement in its regulatory filing.

The warning is the latest development in the photography company's storied history, which includes introducing one of the first consumer cameras in the 1880s and mass manufacturing film rolls for hobbyists and professionals alike. But Kodak struggled to adapt when digital cameras overtook film start

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