INNOVATE Corp , through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States.
infoINNOVATE is a micro cap stock with a total market cap of 133.91M.
infoThey trade on the NYSE and had their IPO 14 years and 1 month ago.
infoINNOVATE currently employs 3565 people.
infoAs of Wednesday, Aug 23 2023, INNOVATE’s share price is $1.69.
News Relating to INNOVATE
Seeking Alpha
Why Chris DeMuth Jr. Likes Activision, Oil & Gas + Innovate
Tuesday Aug 22 2023 at 09:20
Chris DeMuth Jr. discusses his investment approach, focusing on mispriced securities. His thoughts on current market conditions, highlighting investment interests in energy and potential opportunities in Activision.
GlobeNewsWire
INNOVATE Corp. Announces Date Change for Second Quarter 2023 Earnings Call
Friday Jul 28 2023 at 08:00
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. The Company will now report its second quarter 2023 financial results after market close on Wednesday, August 9, 2023. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
GlobeNewsWire
INNOVATE Corp. to Report Second Quarter 2023 Results on August 8th
Wednesday Jul 19 2023 at 16:10
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, August 8, 2023 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Seeking Alpha
Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation
Wednesday Jul 05 2023 at 22:03
Innovate Corp. has announced new projects in the infrastructure and construction segment and plans to launch Glacial AI, a robotic cooling device. The company has recently sold assets and repurchased preferred stock, potentially improving its balance sheet. Despite risks from high debt, inflation, and failed M&A strategies, VATE stock appears undervalued.
Benzinga
Top 5 Industrials Stocks Which Could Rescue Your Portfolio This Month – Ducommun (NYSE:DCO), DLH Hldgs (NASDAQ:DLHC)
Tuesday May 30 2023 at 08:38
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Seeking Alpha
INNOVATE Corp. (VATE) Q1 2023 Earnings Call Transcript
Wednesday May 10 2023 at 20:44
INNOVATE Corp. (NYSE:VATE ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Anthony Rozmus – IR Avi Glazer – Chairman Wayne Barr – CEO Michael Sena – CFO Conference Call Participants Brian Charles – RW Pressprich Andrew White – Nut Tree Capital Operator Good afternoon, and welcome to INNOVATE Corp.’s First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.
GlobeNewsWire
INNOVATE Corp. Announces Date Change for First Quarter 2023 Earnings Call
Tuesday May 02 2023 at 09:22
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 Company will now report its first quarter 2023 financial results after market close on Wednesday, May 10, 2023. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
GlobeNewsWire
INNOVATE Corp. to Report First Quarter 2023 Results on May 2
Tuesday Apr 18 2023 at 16:15
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, May 2, 2023 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Seeking Alpha
INNOVATE Corp. (VATE) Q4 2022 Earnings Call Transcript
Tuesday Mar 14 2023 at 21:29
INNOVATE Corp. (NYSE:VATE ) Q4 2022 Earnings Conference Call March 14, 2023 4:30 PM ET Company Participants Anthony Rozmus – Investor Relations Avi Glazer – Chairman Wayne Barr – Chief Executive Officer Mike Sena – Chief Financial Officer Conference Call Participants Brian Charles – R.W. Pressprich Operator Good afternoon.
GlobeNewsWire
INNOVATE Corp. to Report Fourth Quarter and Full Year 2022 Results on March 8
Thursday Feb 16 2023 at 16:15
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 2022 on Wednesday, March 8, 2023 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Seeking Alpha
Best New Idea For 2023: Innovate
Wednesday Jan 25 2023 at 15:15
Today, VATE costs under $3 but is a bargain beneath $4. Their infrastructure business alone is worth $1.
Seeking Alpha
INNOVATE Corporation (VATE) Q3 2022 Earnings Call Transcript
Saturday Nov 05 2022 at 03:49
INNOVATE Corporation (NYSE:VATE ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Anthony Rozmus – IR Officer Avram Glazer – Independent Chairman Wayne Barr – CEO, President & Director Michael Sena – CFO Conference Call Participants Brian Charles – R.W. Pressprich & Co. Bryant Riley – B.
GlobeNewsWire
INNOVATE Corp. to Report Third Quarter 2022 Results on November 2
Tuesday Oct 18 2022 at 16:01
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, November 2, 2022 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Benzinga
Charah Solns (NYSE:CHRA), Barnwell Industries (AMEX:BRN) – Barnwell Industries And 3 Other Penny Stocks Insiders Are Aggressively Buying
Wednesday Sep 14 2022 at 08:52
The Nasdaq Composite dipped by more than 600 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
Seeking Alpha
INNOVATE Corp. (VATE) CEO Wayne Barr on Q2 2022 Results – Earnings Call Transcript
Saturday Aug 06 2022 at 11:25
INNOVATE Corp. (NYSE:VATE ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Anthony Rozmus – Investor Relations Avie Glazer – Chairman Wayne Barr – Chief Executive Officer Michael Sena – Chief Financial Officer Conference Call Participants Brian Charles – R.W. Pressprich Operator Good afternoon, and welcome to INNOVATE Corp.’s Second Quarter 2022 Earnings Conference Call.
GlobeNewsWire
INNOVATE Corp. to Report Second Quarter 2022 Results on August 3
Thursday Jul 14 2022 at 16:15
NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) — INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2022 on Wednesday, August 3, 2022 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Seeking Alpha
INNOVATE Corp. (VATE) CEO Wayne Barr Jr. on Q1 2022 Earnings Call Transcript
Friday May 06 2022 at 15:59
INNOVATE Corp. (NYSE:VATE ) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Wayne Barr Jr. – CEO Michael Sena – CFO Anthony Rozmus – Investor Relations Avie Glazer – Chairman Conference Call Participants Brian Charles – R.W. Pressprich Operator Good afternoon and welcome to INNOVATE Corp’s First Quarter 2022 Earnings Conference Call.
Seeking Alpha
INNOVATE Corp. (VATE) CEO Wayne Barr Jr. on Q4 2021 – Earnings Call Transcript
Wednesday Mar 09 2022 at 19:47
INNOVATE Corp. (VATE) CEO Wayne Barr Jr. on Q4 2021 – Earnings Call Transcript
GlobeNewsWire
INNOVATE Corp. to Report Fourth Quarter and Full Year 2021 Results on March 9
Wednesday Feb 16 2022 at 16:05
NEW YORK, Feb. 16, 2022 (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 2021 on Wednesday, March 9, 2022 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
Seeking Alpha
INNOVATE Corp. (VATE) CEO Wayne Barr, Jr. on Q3 2021 Results – Earnings Call Transcript
Sunday Nov 07 2021 at 10:59
INNOVATE Corp. (VATE) CEO Wayne Barr, Jr. on Q3 2021 Results – Earnings Call Transcript
Seeking Alpha
Breaking Down Innovate’s Potential
Wednesday Oct 27 2021 at 11:41
It’s been a rocky few years for Innovate (FKA HCHC).
GlobeNewsWire
INNOVATE Corp. to Report Third Quarter 2021 Results on November 4
Thursday Oct 21 2021 at 16:45
NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) — INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2021 on Thursday, November 4, 2021 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.
GlobeNewsWire
INNOVATE Corp. Portfolio Company R2 Technologies’ Novel Glacial Rx® System Earns Third FDA Indication and Unique Product Code
Tuesday Sep 28 2021 at 09:11
Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion
INNOVATE Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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INNOVATE’s Altman Z-score is 0.83 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
INNOVATE Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $14.76K of common stock in INNOVATE on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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INNOVATE’s Income Quality of 0.85 is in line with its Industry Group of 0.85
INNOVATE’s Income Quality of 0.85 is greater than its Major Industry Group of 0.75 (13.3% greater)
INNOVATE’s Income Quality of 0.85 is greater than its Sector of 0.75 (13.3% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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INNOVATE’s Current Ratio of 0.86 is lower than its Industry Group of 2.32 (-62.9% lower)
INNOVATE’s Current Ratio of 0.86 is lower than its Major Industry Group of 2.51 (-65.7% lower)
INNOVATE’s Current Ratio of 0.86 is lower than its Sector of 2.6 (-66.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-4.12 & -0.06)
Cannot compare a negative PE Ratio (-4.12 & 12.19)
Cannot compare a negative PE Ratio (-4.12 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Cannot compare a negative PB Ratio (-1.13 & 1.63)
Cannot compare a negative PB Ratio (-1.13 & 1.57)
Cannot compare a negative PB Ratio (-1.13 & 1.62)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
INNOVATE’s ROE of 0.28 is greater than its Industry Group of 0.03 (833.3% greater)
INNOVATE’s ROE of 0.28 is greater than its Major Industry Group of 0.08 (250.0% greater)
INNOVATE’s ROE of 0.28 is greater than its Sector of -0.03 (1033.3% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
INNOVATE’s ROCE of 0.04 is in line with its Industry Group of 0.04
INNOVATE’s ROCE of 0.04 is lower than its Major Industry Group of 0.06 (-33.3% lower)
INNOVATE’s ROCE of 0.04 is greater than its Sector of -0.04 (200.0% greater)
Derived from SEC.GOV filing dataopen_in_new