{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-25-000126","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.502044+00:00","generated_at":"2026-05-16T20:47:18.905741+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"INNOVATE Q3 rev $347M (+43% YoY); net loss narrows to $9.4M; initiates sales processes for DBM Global and Spectrum","bullets":["Revenue $347.1M, up 43.3% YoY; net loss attributable to common/preferred $9.4M vs $15.3M; EPS -$0.71 vs -$1.18.","Total Adjusted EBITDA $19.8M (+17.9% YoY). Infrastructure revenue $338.4M (+45.4%); segment Adj. EBITDA $23.5M.","MediBeacon received NMPA approval to sell Transdermal GFR System in China; expects availability before year-end.","Missed Sep 1, 2025 debt milestone triggered mandatory sales process for DBM Global; missed Nov 1 milestone for HC2 Broadcasting.","Adjusted backlog for DBMG $1.6B; added $431M in new awards after Q3. Cash $35.5M at Sep 30 (vs $48.8M year-end 2024)."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-25-000126","json":"https://secwatch.observer/filing/0001006837-25-000126.json","markdown":"https://secwatch.observer/filing/0001006837-25-000126.md","text":"https://secwatch.observer/filing/0001006837-25-000126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683725000126/0001006837-25-000126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683725000126/vate-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:47:18.905741+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}