secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker VATE CIK 0001006837
earnings confidence high sentiment negative materiality 0.75

INNOVATE Corp. (VATE): Nasdaq/NYSE listing notice — INNOVATE Q3 revenue up 7.1% to $423M; net loss narrows but NYSE issues $1.00 minimum price notice

INNOVATE Corp.

2022-Q3 EPS reported -$0.44 revenue$1,228,000,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INNOVATE Corp. reported three and nine months ended September 30, 2022 results: revenue $423.0 million, net income Net loss attributable to common stock and participating preferred stockholders of $6.6 million, EPS $0.09 per fully diluted share.

Period
three and nine months ended September 30, 2022
Revenue
$423.0 million
Net income
Net loss attributable to common stock and participating preferred stockholders of $6.6 million
EPS
$0.09 per fully diluted share
Result
reported results
Exact text from the filing
million in the prior year quarter. 2 Third Quarter Financial Highlights • Revenue: For the third quarter of 2022, INNOVATE's consolidated revenue from continuing operations was $423.0 million, an increase of 7.1% compared to $394.8 million for the prior year quarter. The increase in revenue was due to contributions from the Company’s Infrastructure segment. REVENUE by
View on SEC.gov
Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

INNOVATE Corp. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange
nyse
Notice
noncompliance notice
Deficiency
minimum bid price
Rules
802.01C
Exact text from the filing
October 27, 2022, INNOVATE Corp. (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”), as the average closing price of the Company’s common stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Company’s Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued
View on SEC.gov

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INNOVATE Corp. filing history →

Source: SEC EDGAR
accession 0001006837-22-000116
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