The historic and iconic photography company Eastman Kodak may soon go out of business, the company warned investors following its second-quarter earnings report.
The company cited conditions that “raise substantial doubt about the Company’s ability to continue” in a press release.
Kodak Executive Chairman and CEO Jim Continenza said that while new tariffs imposed by President Trump did not directly affect operations last quarter, the company is assessing impact that any future tariffs may have.
“It’s important to note that Kodak is committed to U.S. manufacturing — in fact, we manufacture a wide range of products in the U.S., including lithographic printing plates, photographic and industrial films, inkjet presses and inks, and pharmaceutical key starting ingredients,” Continenza said.