Kodak is putting 'the farm' – its 485 hectare Eastman Business Park – on the market after turning in three months of losses.

The reorganised imaging giant has 50 tenants and owners – accounting for 4600 jobs – on the Rochester, New York, site.

Last week, Kodak reported improved profitability in 2013, despite the fourth quarter net loss and a 14 per cent drop in sales for the year.

The full-year operational EBITDA of US$160 million in 2013 was an improvement by $375 million, excluding “fresh start” and other accounting adjustments, the company said. Total net earnings for the year were $1.99 billion, including a reorganisation items net gain of $2.01 billion, as well as a gain of $535 million related to the sale of the digital imaging patent portfolio, partially offset by a $77 million non-cash goodwill impairment charge.

In 2012, Kodak made a net loss of $1.38 billion.

Newly appointed chief executive Jeff Clarke says he is “excited” about strong 2014 revenue increases seen in emerging technology businesses. “We expect to mitigate the earnings declines in some of our mature businesses with improved performance from our strategic technology businesses,” he says. “I also believe there are significant opportunities to improve the productivity and effectiveness of our sales, manufacturing and administrative functions."

Kodak currently estimates revenue in 2014 will total approximately $2.1-2.3 billion, but says it does not intend to release projections beyond 2014 at the moment.