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
Delaware
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 - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 118 % +7.01%
Quick Ratio 5.2 % +22.9%
Debt-to-equity -684 % +23%
Return On Equity 13.2 % -53%
Return On Assets -1.94 % +28.1%
Operating Margin 0.82 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 131M shares +64.7%
Common Stock, Shares, Outstanding 131M shares +64.7%
Entity Public Float 86.3M USD +1.65%
Common Stock, Value, Issued 100K USD 0%
Weighted Average Number of Shares Outstanding, Basic 89.2M shares +14.5%
Weighted Average Number of Shares Outstanding, Diluted 144M shares +85.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 313M USD -15.1%
Revenue from Contract with Customer, Excluding Assessed Tax 1.36B USD -10.2%
Cost of Revenue 1.13B USD -13.1%
Operating Income (Loss) 56.3M USD +278%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -22.2M USD +35.3%
Income Tax Expense (Benefit) 3.2M USD -308%
Net Income (Loss) Attributable to Parent -19.3M USD +35.7%
Earnings Per Share, Basic -0.33 USD/shares +23.3%
Earnings Per Share, Diluted -0.34 USD/shares +20.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 80.2M USD +178%
Accounts Receivable, after Allowance for Credit Loss, Current 178M USD -39.3%
Inventory, Net 20.9M USD +5.03%
Other Assets, Current 14.4M USD +5.88%
Assets, Current 395M USD -25.7%
Deferred Income Tax Assets, Net 1.9M USD +11.8%
Operating Lease, Right-of-Use Asset 48.4M USD -20.4%
Intangible Assets, Net (Excluding Goodwill) 175M USD -4.11%
Goodwill 127M USD 0%
Other Assets, Noncurrent 54.5M USD -20%
Assets 899M USD -16.7%
Accrued Liabilities, Current 60.1M USD -18%
Contract with Customer, Liability, Current 72.8M USD -37.9%
Liabilities, Current 289M USD -53.3%
Long-term Debt and Lease Obligation 638M USD +22.8%
Deferred Income Tax Liabilities, Net 4.3M USD +13.2%
Operating Lease, Liability, Noncurrent 39M USD -23.5%
Other Liabilities, Noncurrent 77.2M USD +39.9%
Liabilities 1.01B USD -15.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.7M USD -6.25%
Retained Earnings (Accumulated Deficit) -490M USD -4.1%
Stockholders' Equity Attributable to Parent -149M USD +1.26%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -126M USD +1.56%
Liabilities and Equity 899M USD -16.7%

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 132M shares +63.5%
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 81.7M USD +171%
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 51.3M USD -21.6%
Depreciation 25.3M USD -0.39%
Payments to Acquire Property, Plant, and Equipment 5.6M USD +51.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -19.4M USD +46.6%
Lessee, Operating Lease, Liability, to be Paid 63M USD -21.3%
Operating Lease, Liability, Current 12.3M USD -14.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 9.3M USD -21.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 12.9M USD -16.8%
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 11.7M USD -20.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 6.6M USD -21.4%
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 4.8M USD -21.3%
Operating Lease, Payments 20.6M USD -11.6%
Amortization of Intangible Assets 7.6M USD -51.3%
Depreciation, Depletion and Amortization 8.4M USD -17.6%
Share-based Payment Arrangement, Expense 1.8M USD -21.7%
Interest Expense 69.8M USD +26.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares