Kodak Sees Flush February Thanks to Patent Sale

For February 2013, Kodak had a gross profit of $12.2 million—roughly what it made in January and the fifth time in the past six months that the company was in the black. Gross profits don’t count various expenses like R&D, administration, or interest paid on debt.

The company, which employs about 3,500 locally, has repeatedly indicated it hopes to emerge from bankruptcy by middle of this year. It is in the midst of selling such lines of business as its photographic film and paper and document scanner operations, with its business plan after bankruptcy revolving around equipment, supplies and services.