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Innovate Stock Price, News & Analysis

VATE NYSE

Company Description

Innovate Corp (NYSE: VATE) is a diversified holding company that manages a portfolio of best-in-class assets across three critical sectors of the modern economy: infrastructure, life sciences, and spectrum. With a commitment to stakeholder capitalism, Innovate leverages its operational expertise to drive growth and innovation across its subsidiaries, employing over 4,000 people globally.

Infrastructure Segment

The infrastructure segment is anchored by DBM Global Inc., a fully integrated industrial construction and structural steel fabrication provider. DBM Global offers a comprehensive range of services, including the fabrication and erection of structural steel and heavy steel plate. These services cater to industries such as commercial construction, heavy industry, and facility maintenance. By combining engineering expertise with advanced fabrication technologies, DBM Global plays a crucial role in delivering large-scale, complex construction projects that meet the demands of modern infrastructure development.

Life Sciences Segment

The life sciences segment is represented by Pansend Life Sciences, which focuses on developing innovative medical technologies and treatments. Key areas of focus include addressing early osteoarthritis of the knee and advancing aesthetic and medical technologies for skin health. Through its subsidiaries, such as R2 Technologies, Pansend Life Sciences is at the forefront of advancements in CryoAesthetics® and other cutting-edge solutions. These innovations aim to improve patient outcomes and expand access to advanced healthcare treatments, particularly in the fields of dermatology and chronic disease management.

Spectrum Segment

The spectrum segment operates under HC2 Broadcasting Holdings Inc., which manages a network of over-the-air broadcasting stations across the United States. By leveraging its extensive spectrum assets, HC2 Broadcasting delivers high-quality, accessible broadcasting services to a diverse audience. Its operations support media companies, advertisers, and content providers, enabling them to reach wide-ranging demographics through innovative broadcasting solutions.

Strategic Vision

Innovate Corp’s ability to integrate operational excellence and strategic oversight across its subsidiaries is a defining characteristic of its business model. By fostering innovation and efficiency within each segment, the company ensures that its subsidiaries remain competitive in their respective markets. This multifaceted approach not only diversifies risk but also positions Innovate as a key player in sectors critical to the modern economy.

Market Challenges and Differentiation

Operating in highly competitive and regulated industries, Innovate faces challenges such as market competition, regulatory compliance, and the complexity of managing diverse business units. However, its differentiated approach—centered on operational expertise, strategic capital allocation, and a focus on innovation—enables it to navigate these challenges effectively. Innovate’s subsidiaries benefit from shared resources and strategic guidance, allowing them to achieve scale and efficiency in their operations.

By maintaining a balanced portfolio across infrastructure, life sciences, and spectrum, Innovate Corp demonstrates a commitment to creating long-term value for its stakeholders while addressing critical needs in construction, healthcare, and media.

Stock Performance

$—
0.00%
0.00
Last updated:
-16.9 %
Performance 1 year
$81.7M
Market Cap
13.3M
Shares outstanding

SEC Filings

No SEC filings available for Innovate.

Financial Highlights

$1,107,100,000
Revenue (TTM)
-$39,700,000
Net Income (TTM)
-$3.08
Diluted EPS (TTM)
$9,100,000
Operating Cash Flow
-3.59%
Net Profit Margin
3.61%
Oper. Profit Margin

Upcoming Events

October 1, 2025
Lumitrace NMPA approval

Frequently Asked Questions

What is the current stock price of Innovate (VATE)?

The current stock price of Innovate (VATE) is $5.96 as of May 15, 2025.

What is the market cap of Innovate (VATE)?

The market cap of Innovate (VATE) is approximately 81.7M.

What is the revenue (TTM) of Innovate (VATE) stock?

The trailing twelve months (TTM) revenue of Innovate (VATE) is $1,107,100,000.

What is the net income of Innovate (VATE)?

The trailing twelve months (TTM) net income of Innovate (VATE) is -$39,700,000.

What is the earnings per share (EPS) of Innovate (VATE)?

The diluted earnings per share (EPS) of Innovate (VATE) is -$3.08 on a trailing twelve months (TTM) basis.

What is the operating cash flow of Innovate (VATE)?

The operating cash flow of Innovate (VATE) is $9,100,000.

What is the profit margin of Innovate (VATE)?

The net profit margin of Innovate (VATE) is -3.59%.

What is the operating margin of Innovate (VATE)?

The operating profit margin of Innovate (VATE) is 3.61%.

What is the gross margin of Innovate (VATE)?

The gross profit margin of Innovate (VATE) is 18.86%.

What is the current ratio of Innovate (VATE)?

The current ratio of Innovate (VATE) is 0.81, indicating the company's ability to pay short-term obligations.

What is the gross profit of Innovate (VATE)?

The gross profit of Innovate (VATE) is $208,800,000 on a trailing twelve months (TTM) basis.

What is the operating income of Innovate (VATE)?

The operating income of Innovate (VATE) is $40,000,000.

What industries does Innovate Corp operate in?

Innovate Corp operates in three key sectors: infrastructure, life sciences, and spectrum, managing a diversified portfolio of subsidiaries in these industries.

How does Innovate Corp generate revenue?

The company generates revenue through its subsidiaries via direct sales, service contracts, licensing, and product development in construction, healthcare, and broadcasting.

What is the role of DBM Global Inc. in Innovate Corp's portfolio?

DBM Global Inc. is part of Innovate's infrastructure segment, providing industrial construction, structural steel fabrication, and facility maintenance services.

What innovations is Pansend Life Sciences known for?

Pansend Life Sciences focuses on healthcare innovations, including treatments for early osteoarthritis and advanced CryoAesthetics® technologies for skin health.

What does HC2 Broadcasting Holdings Inc. do?

HC2 Broadcasting operates over-the-air broadcasting stations across the U.S., providing media companies and advertisers with innovative broadcasting solutions.

How does Innovate Corp differentiate itself from competitors?

Innovate Corp differentiates itself through operational excellence, strategic oversight, and fostering innovation across its diversified portfolio of subsidiaries.

What challenges does Innovate Corp face?

Challenges include market competition, regulatory compliance, and managing diverse business units across competitive and regulated industries.

How does Innovate Corp integrate its subsidiaries?

Innovate provides strategic guidance, shared resources, and operational expertise to ensure its subsidiaries achieve scale, efficiency, and competitiveness.

What is Innovate Corp's commitment to stakeholder capitalism?

Innovate emphasizes stakeholder capitalism by creating long-term value for employees, investors, and customers through its diversified operations.

What sectors are critical to Innovate Corp's long-term strategy?

Infrastructure, life sciences, and spectrum are central to Innovate's strategy, addressing critical needs in construction, healthcare, and media.