Kodak released its 2017 earnings Thursday, noting a $112 million earnings drop compared to 2016.

Kodak released its 2017 earnings Thursday, noting a $112 million earnings drop compared to 2016.

Company officials say the decline in revenues was due to decreased demand in the company's consumer inkjet, industrial film, and chemical operations.

Only two of the seven Kodak divisions reflected increased gains compared to 2016.

Company officials say they will continue to invest in the development of it next-generation inkjet printer scheduled to launch in 2019.