INNOVATE Corp. (VATE)
| Market Cap | 61.13M |
| Revenue (ttm) | 1.42B |
| Net Income (ttm) | -37.60M |
| Shares Out | 101.88M |
| EPS (ttm) | -0.48 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 20,295 |
| Open | 0.600 |
| Previous Close | 0.604 |
| Day's Range | 0.595 - 0.610 |
| 52-Week Range | 0.570 - 2.960 |
| Beta | 2.13 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Apr 30, 2024 |
About VATE
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as bui... [Read more]
Financial Performance
In 2023, INNOVATE's revenue was $1.42 billion, a decrease of -13.09% compared to the previous year's $1.64 billion. Losses were -$37.60 million, -7.84% less than in 2022.
Financial StatementsNews
INNOVATE Corp. Announces Further Extension of Rights Offering Subscription Period
NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subs...
INNOVATE Corp. Announces Extension of Rights Offering Subscription Period
NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subs...
INNOVATE Corp. Announces Commencement of Rights Offering
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has commenced its previously announced $1...
INNOVATE Corp. Announces Rights Offering Pricing
NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has approved the pricing for its previous...
INNOVATE Corp. Announces Fourth Quarter and Full Year 2023 Results
- Infrastructure: DBM Global achieved fourth quarter revenue of $353.8 million - - Life Sciences: R2 experienced strong North America unit sales in the fourth quarter - - Spectrum: B roadcasting enter...
INNOVATE Corp. Announces Rights Offering for Common Stock
NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors (the “Board”) has appr...
Glancy Prongay & Murray LLP Announces Investigation of INNOVATE Corp. (VATE)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of INNOVATE Corp. (NYSE: VATE) concerning the Company and its directors' and officers' possible violations of...
INNOVATE Corp. to Report Fourth Quarter and Full Year 2023 Results on March 4th
NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the fourth quarter and full year 20...
INNOVATE Corp. Announces Third Quarter 2023 Results
- Infrastructure: DBM Global achieved third quarter revenue of $369.3 million and once again delivered gross margin expansion versus prior year -
INNOVATE Corp. to Report Third Quarter 2023 Results on November 9th
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2023 on Thursday,...
INNOVATE Corp. Announces Date Change for Second Quarter 2023 Earnings Call
NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”), today announced a change to its second quarter 2023 earnings results and conference call date. Th...
INNOVATE Corp. Names Paul K. Voigt Interim CEO
NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced that the Board has named Paul K. Voigt Interim Chief Executive Officer, effective ...
INNOVATE Corp. Announces the Untimely Passing of CEO Wayne Barr
NEW YORK, July 23, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced that Wayne Barr, President, Chief Executive Officer and Director, passed away unex...
INNOVATE Corp. to Report Second Quarter 2023 Results on August 8th
NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2023 on Tuesday,...
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MediBeacon Inc. Appoints Dr. Steve Miller as Chief Medical Officer
MediBeacon expands management team as enrollment in Phase 3 study focused on kidney disease is completed ST. LOUIS , May 16, 2023 /PRNewswire/ -- MediBeacon Inc., a portfolio company within the Pansen...
INNOVATE Corp. Announces First Quarter 2023 Results
- Infrastructure: DBM Global delivered first quarter revenue of $311.7 million - - Life Sciences: R2 Technologies receives expanded FDA clearances - - Spectrum: Broadcasting's station revenues increas...
INNOVATE Corp. Announces Date Change for First Quarter 2023 Earnings Call
NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”), today announced a change to its first quarter 2023 earnings results and conference call date. The ...
INNOVATE Corp. to Report First Quarter 2023 Results on May 2
NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the first quarter 2023 on Tuesday,...
INNOVATE Corp. Adopts Tax Benefit Preservation Plan
NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or “the Company”) (NYSE: VATE), today announced that its Board of Directors voted to adopt a Tax Benefits Preservation Plan (the...
INNOVATE Corp. Announces Fourth Quarter and Full Year 2022 Results
- Infrastructure: DBM Global finishes year strong; achieves 37% revenue growth for 2022 - - Life Sciences: MediBeacon completed enrollment of both U.S. and China Pivotal Studies - - Spectrum: Broadcas...
INNOVATE Corp. Completes Sale of Remaining Equity Stake in HMN International
NEW YORK, March 07, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE), today announced that it has closed the sale of the remaining 19% interest in HMN International Co. Ltd., formerly known as Hua...
INNOVATE Corp. to Report Fourth Quarter and Full Year 2022 Results on March 8
NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the fourth quarter and full year 20...
MediBeacon Receives $10 Million in Amended Agreements with Huadong Medicine to Accelerate Development of Transdermal GFR Measurement System
MediBeacon approaching completion of Phase 3 study focused on kidney disease; Has submitted three of five required PMA modules needed for FDA approval ST. LOUIS , Nov. 16, 2022 /PRNewswire/ -- MediBea...
INNOVATE Corp. to Report Third Quarter 2022 Results on November 2
NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2022 on Wednesday...