Consumer and Film Division (CFD) revenues for the fourth quarter were $45 million, down from $63 million in Q4 of 2015. Operational EBITDA declined from $14 million to negative $2 million.
For the year, revenues for CFD were $216 million, down 18 percent from $265 million, driven primarily by a $32 million expected decline in consumer inkjet revenues. Operational EBITDA for the division was down $36 million for the year, driven by the reduction in consumer inkjet as well as investments supporting the KODAK Super 8 Camera and future camera platforms.
I’m rooting for Kodak, so this doesn’t look like the best possible news. I’m hanging my hopes on the word “investments”.