---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-24-000154"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:14:45.447393+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# INNOVATE Q3 revenue $242.2M (-35.5% YoY); net loss $15.3M vs $7.3M loss YoY

## Summary
- DBM Global revenue $232.8M (-37% YoY); gross margins expanded 360 bps to 18.8%
- R2 record worldwide system unit sales growth of 416% YoY; $3.0M Life Sciences revenue
- Spectrum revenue $6.4M (+$1M YoY); Adjusted EBITDA turned positive to $1.7M
- Consolidated Adjusted EBITDA $16.8M (-24% YoY); cash $51.0M vs $80.8M Dec 2023
- Reverse stock split 1-for-10 effected Aug 8, 2024; EPS retroactively adjusted

## SEC filing metadata
- accession: 0001006837-24-000154
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683724000154/0001006837-24-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683724000154/hchc-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-24-000154
- JSON: https://secwatch.observer/filing/0001006837-24-000154.json
- Plain text: https://secwatch.observer/filing/0001006837-24-000154.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.