The US-based manufacturer made pre-tax and net losses of $987m and $977m respectively for the nine months to 30 September, almost all of which it has spent in Chapter 11 bankruptcy protection.

Worldwide revenues for the period of $3bn led to a gross profit of $404m, thanks to the $462m gross profit contribution from Kodak's non-debtor operations outside the US; by contrast, its debtor operations made a gross loss of $64m for the period.

Combined restructuring and reorganisation costs for the period reached $510m, while the interest on Kodak's DIP finance facility made up the bulk of its $117m worldwide interest cost. Kodak's consolidated loss from continuing operations excluding interest, income taxes and reorganisation costs was $564m.

Meanwhile, Kodak's latest monthly operating report (MOR) records an operating loss of $48.1m and a pre-tax loss of $57.6m on revenues of $162.9m in November. The net loss for the month was $60.8m, while the company's cash and cash equivalents dropped from $311.4m at the start of the month to $274.1m by the 30 November.

This acceleration in the rate at which Kodak has been burning through its cash reserves wiped out an earlier gain in the company's October MOR, when it used just $2m in the month versus a forecast of $20m; the forecast for November was an $8m loss, whereas the company actually used more than $37m cash and cash equivalents.

On the plus side, the completion of its patent sale for $525m last month means Kodak has met one of the key conditions of its new $830m interim and exit finance facility, which chief executive Antonio Perez described as a "vote of confidence" in the company's future.