secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATE Corp. (VATE)
CIK:        0001006837
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001006837-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INNOVATE Corp. reports 36% revenue growth and 55% Adjusted EBITDA increase for FY 2022
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- Full-year revenue $1.64B (+36% YoY); Q4 revenue $409.3M (+3.7% YoY).
- Net loss attributable to common stockholders narrowed to $40.8M ($0.53/share) from $229.7M ($2.98/share) in FY 2021.
- Total Adjusted EBITDA FY 2022 $68.1M (+55% YoY); Q4 $28.1M (+27% YoY).
- Infrastructure (DBM Global) revenue $1.59B (+37% YoY); backlog $1.8B at year-end.
- Regained NYSE continued listing compliance as of Jan 3, 2023 after prior deficiency notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/0001006837-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/hchc-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001006837-23-000016

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