{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-24-000017","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.071340+00:00","generated_at":"2026-06-05T04:31:05.774353+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"INNOVATE Q4 revenue down 11.8% to $361M; NYSE notifies of $1 non-compliance","bullets":["Q4 net loss attributable to common stock $9.6M ($0.12 EPS) vs $7.0M ($0.09) a year ago.","Infrastructure segment (DBM Global) revenue $353.8M; gross margin expanded 200 bps to 16.4%.","Spectrum segment revenue fell to $5.7M from $10.7M due to Azteca network termination.","NYSE notified company of non-compliance with $1 minimum average closing price; 6-month cure period.","Life Sciences: R2 sold out Glacial fx inventory; MediBeacon continues pursuing FDA approval in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-24-000017","json":"https://secwatch.observer/filing/0001006837-24-000017.json","markdown":"https://secwatch.observer/filing/0001006837-24-000017.md","text":"https://secwatch.observer/filing/0001006837-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000017/0001006837-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000017/hchc-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:31:05.774353+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"238d4e22ae44e656479e79dce60bb6b0495c4331","claim":"INNOVATE Corp. reported the fourth quarter and full year ended December 31, 2023 results: revenue $361.0 million, net income $(9.6) million, EPS $(0.12) per fully diluted share.","evidence_excerpt":"compared to $2.5 million in the prior year quarter. 2 Fourth Quarter 2023 Financial Highlights • Revenue: For the fourth quarter of 2023, INNOVATE's consolidated revenue was $361.0 million, a decrease of 11.8%, compared to $409.3 million for the prior year quarter. The decrease was primarily driven by our Infrastructure segment, and, to a lesser extent, our","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000017/0001006837-24-000017-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"$361.0 million"},{"label":"Net income","value":"$(9.6) million"},{"label":"EPS","value":"$(0.12) per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}