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Innovate Corp - VATE STOCK NEWS

Welcome to our dedicated news page for Innovate (Ticker: VATE), a resource for investors and traders seeking the latest updates and insights on Innovate.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Innovate's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Innovate's position in the market.

Rhea-AI Summary
INNOVATE Corp. (NYSE: VATE) will release its financial results for Q4 and full year 2023 on March 4, 2024, followed by an earnings conference call. The call will review results, operations, and strategy, accessible live online. Dial-in instructions provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
conferences earnings
-
Rhea-AI Summary
NYSE: VATE - INNOVATE Corp. announced third quarter revenue of $375.3 million and a 34.8% growth in Adjusted EBITDA. The company's Infrastructure and Life Sciences segments drove this growth. DBM Global achieved $369.3 million in revenue, while MediBeacon continues to work through FDA regulatory approval. Broadcasting explores strategic partnerships for additional growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
Tags
earnings
-
Rhea-AI Summary
INNOVATE Corp. (NYSE: VATE) will release its financial results for Q3 2023 on November 9, 2023. The earnings conference call will be held on the same day at 4:30 p.m. ET and can be accessed through the company's Investor Relations website. Dial-in instructions and replay details are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
conferences earnings
Rhea-AI Summary
INNOVATE Corp. reported second quarter revenue of $368.8 million and a net loss of $10.5 million. Infrastructure segment expanded adjusted EBITDA margin by approximately 100 basis points. Life Sciences segment completed Phase 3 study and filed Clinical Study Report with FDA. Broadcasting segment sees indications of stabilization in linear TV networks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.74%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.09%
Tags
earnings
-
Rhea-AI Summary
INNOVATE Corp. announces Paul K. Voigt as Interim CEO. Suzi Herbst remains COO. Voigt's financial acumen and experience make him the right person to lead during this period. Voigt previously served as Senior Managing Director of Investments at INNOVATE from 2014 to 2018.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
Rhea-AI Summary
INNOVATE Corp. announced the unexpected passing of its President, CEO, and Director, Wayne Barr. The company has appointed COO Suzi Herbst as Interim CEO. The Board expresses condolences and confidence in Herbst and the management team to lead the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.18%
Tags
management
Rhea-AI Summary
INNOVATE Corp. reported its consolidated results for the first quarter, with revenue of $317.9 million and a net loss of $10.2 million. DBM Global's revenue for the first quarter was $311.7 million, a decrease of 22.5%. R2 Technologies announced three new FDA clearances and partnered with Allies of Skin. Broadcasting's station revenues increased in the first quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.37%
Tags
earnings
Innovate Corp

NYSE:VATE

VATE Rankings

VATE Stock Data

64.30M
48.07M
38.24%
34.83%
5.38%
Telecommunications Resellers
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New York

About VATE

innovate corp. is a portfolio of best-in-class assets in three key areas of the new economy – infrastructure, life sciences and spectrum. dedicated to stakeholder capitalism, innovate employs over 4,300 people across its subsidiaries. nyse: vate