INNOVATE Corp. financial data

Symbol
VATE on NYSE
Industry
Fabricated Structural Metal Products
Location
295 Madison Avenue, 12 Th Floor, New York, NY
State of incorporation
DE
Fiscal year end
December 31
Former names
HC2 Holdings, Inc. (to 9/10/2021), HC2 HOLDINGS, INC. (to 9/10/2021), PTGi HOLDING, INC. (to 4/11/2014), PRIMUS TELECOMMUNICATIONS GROUP INC (to 10/18/2013)
Latest financial report
10-Q - Q3 2024 - Nov 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 115 % +7.04%
Quick Ratio 5.66 % +41.8%
Debt-to-equity -648 % +22.1%
Return On Equity 18.4 % -31.1%
Return On Assets -2.89 % +0.35%
Operating Margin 0.82 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13.3M shares -83.3%
Common Stock, Shares, Outstanding 13.2M shares -83.4%
Entity Public Float 86.3M USD +1.65%
Common Stock, Value, Issued 0 USD -100%
Weighted Average Number of Shares Outstanding, Basic 13M shares +65.3%
Weighted Average Number of Shares Outstanding, Diluted 13M shares +65.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 242M USD -35.5%
Revenue from Contract with Customer, Excluding Assessed Tax 1.23B USD -16.3%
Cost of Revenue 1.01B USD -19.6%
Operating Income (Loss) 51.5M USD +171%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -27.8M USD +16%
Income Tax Expense (Benefit) 5.2M USD +108%
Net Income (Loss) Attributable to Parent -27.3M USD +13.6%
Earnings Per Share, Basic -0.58 USD/shares +54.3%
Earnings Per Share, Diluted -0.59 USD/shares +53.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 51M USD -8.44%
Accounts Receivable, after Allowance for Credit Loss, Current 191M USD -34.4%
Inventory, Net 21M USD +12.9%
Other Assets, Current 16M USD -2.44%
Assets, Current 400M USD -27.6%
Deferred Income Tax Assets, Net 2M USD +25%
Operating Lease, Right-of-Use Asset 53.4M USD -11.7%
Intangible Assets, Net (Excluding Goodwill) 173M USD -4.09%
Goodwill 127M USD +0.24%
Other Assets, Noncurrent 60.4M USD -10.1%
Assets 897M USD -18.1%
Accrued Liabilities, Current 93.3M USD +40.5%
Contract with Customer, Liability, Current 85.5M USD -47.3%
Liabilities, Current 468M USD -16.1%
Long-term Debt and Lease Obligation 502M USD -14.4%
Deferred Income Tax Liabilities, Net 4.3M USD +16.2%
Operating Lease, Liability, Noncurrent 43.1M USD -15.8%
Other Liabilities, Noncurrent 47.8M USD -36.1%
Liabilities 1.02B USD -16.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax -800K USD +66.7%
Retained Earnings (Accumulated Deficit) -505M USD -5.71%
Stockholders' Equity Attributable to Parent -163M USD -3.29%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -141M USD -4.36%
Liabilities and Equity 897M USD -18.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.4M USD +67%
Net Cash Provided by (Used in) Financing Activities -12.9M USD +66.1%
Net Cash Provided by (Used in) Investing Activities -3.3M USD -106%
Common Stock, Shares Authorized 250M shares +56.3%
Common Stock, Shares, Issued 13.3M shares -83.5%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -42.4M USD +34%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 52.5M USD -8.06%
Interest Paid, Excluding Capitalized Interest, Operating Activities 19.6M USD +0.51%
Deferred Tax Assets, Valuation Allowance 111M USD +8.96%
Deferred Tax Assets, Gross 178M USD +4.41%
Operating Lease, Liability 56.1M USD -13.8%
Depreciation 25.3M USD +1.61%
Payments to Acquire Property, Plant, and Equipment 5.6M USD +51.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -25.7M USD +30.4%
Lessee, Operating Lease, Liability, to be Paid 69.4M USD -12.8%
Operating Lease, Liability, Current 13M USD -6.48%
Lessee, Operating Lease, Liability, to be Paid, Year Two 11M USD -14.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 14.8M USD -9.76%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) 100K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 13.3M USD -8.28%
Lessee, Operating Lease, Liability, to be Paid, Year Three 8.4M USD -10.6%
Deferred Tax Assets, Operating Loss Carryforwards 74.7M USD -9.46%
Preferred Stock, Shares Authorized 20M shares
Unrecognized Tax Benefits 17.6M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.9M USD -15.7%
Operating Lease, Payments 19.4M USD -17.4%
Amortization of Intangible Assets 7.9M USD -40.2%
Depreciation, Depletion and Amortization 8.4M USD -17.6%
Share-based Payment Arrangement, Expense 1.3M USD -51.9%
Interest Expense 69.8M USD +26.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares