Innovate (NYSE: VATE) — Company Overview, News & Financial Data
Innovate is a conglomerate focused on acquiring and managing diverse businesses across multiple sectors to foster growth.
Innovate
Innovate (NYSE:VATE) is a multifaceted conglomerate engaged in acquiring and managing a diverse portfolio of businesses and assets across multiple sectors. With a strategic focus on innovation and technology, Innovate aims to foster growth and maximize value in its operations and investments. The company is deeply involved in projects ranging from digital infrastructure and real estate development to advanced materials and life sciences. Through its broad scope of ventures, Innovate's objectives include driving technological advancements, promoting sustainable practices, and contributing to economic development. The firm's extensive expertise and resources are dedicated to realizing the full potential of its diverse portfolio and ensuring long-term success in its endeavors.
Snapshot
Operations
Products and/or services of Innovate
- Advanced energy storage solutions designed to power a range of applications from consumer electronics to grid-scale energy storage systems.
- Telecommunications infrastructure services, offering end-to-end solutions for wireless and fiber optic network deployments, maintenance, and upgrade.
- High-performance specialty materials and chemicals for various industries, including automotive, aerospace, and consumer goods, focusing on sustainability and innovation.
- Precision agriculture technologies, applying data analytics and IoT devices to improve crop yields, reduce waste, and minimize environmental impact.
- Healthcare technology services, including telehealth platforms and AI-driven diagnostic tools, aiming to improve patient care and operational efficiencies.
- Marine and underwater technology development, focusing on autonomous underwater vehicles (AUVs) and sensors for environmental monitoring and exploration.
Innovate executive team
- Paul Kenneth VoigtInterim Chief Executive Officer
- Michael J. SenaCFO, Treasurer & Corporate Secretary
- Anthony RozmusInvestor Relations Officer
Dividend history
Dividends per share paid by Innovate , by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $0.7800 |
| FY2021 | — | — | — | $1.2970 |
| FY2020 | — | — | — | $38.9000 |
| FY2013 | — | — | — | $84.2607 |
| FY2012 | — | — | — | $39.6521 |
Key financials
Reported results for Innovate , in USD.
- Market cap
- 82M
- Revenue (TTM)
- 1.5B
- P/E ratio
- —
- EPS (diluted, TTM)
- -1.8
- Dividend yield
- 0.0%
- Profit margin
- -1.5%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 1.2B | 34.2M | -60.6M | |
| 1.1B | 40M | -34.6M | |
| 1.4B | 26.5M | -35.2M | |
| 1.6B | 13.4M | -35.9M |