Shares of Eastman Kodak (NYSE: KODK) plunged by as much as 11% today after the company reported full-year 2020 earnings results. Eastman Kodak also filed a mixed shelf registration that will allow it to sell securities, while also filing a separate shelf registration that will allow existing shareholders to unload up to 44.5 million shares over time. The industrials company finished the year with $196 million in cash, but recently announced that it had secured access to additional capital to bolster its liquidity position.
Ladies and gentlemen, thank you for standing by, and welcome to the Eastman Kodak Q4 2020 earnings conference call. Future events or results may differ from those anticipated or expressed in the forward-looking statements.