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VATE US​
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  • Home
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VATE US​
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INNOVATE Corp.(VATE US)

$4.57-0.295.97%Ext:$5.42+0.8518.63%(After Hours · 22:47:20 UTC)
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INNOVATE Corp.(VATE US)

$4.57-0.295.97%Ext:$5.42+0.8518.63%(After Hours · 22:47:20 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

INNOVATE Corp. — Company Profile

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

Sector
Industrials
Industry
Engineering & Construction
Exchange
UN
CEO
Paul Kenneth Voigt
Headquarters
New York City, NY, US
IPO Date
Jul 13, 2009
Employees
3,663
Website
www.innovatecorp.com

Key Metrics

Price
$7.50
Market Cap
$102.31M
Revenue (TTM)
$364.80M
Net Income (TTM)
$-16800000.00
EPS (TTM)
-1.29
P/E (TTM)
-1.93
P/B (TTM)
-0.41
Dividend Yield
8.36%
ROE (TTM)
6.81%
ROA (TTM)
-1.79%
Operating Margin

INNOVATE Corp. — Company Profile

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

Sector
Industrials
Industry
Engineering & Construction
Exchange
UN
CEO
Paul Kenneth Voigt
Headquarters
New York City, NY, US
IPO Date
Jul 13, 2009
Employees
3,663
Website
www.innovatecorp.com

Key Metrics

Price
$7.50
Market Cap
$102.31M
Revenue (TTM)
$364.80M
Net Income (TTM)
$-16800000.00
EPS (TTM)
-1.29
P/E (TTM)
-1.93
P/B (TTM)
-0.41
Dividend Yield
8.36%
ROE (TTM)
6.81%
ROA (TTM)
-1.79%
Operating Margin
3.04%
Beta
0.24

Dividends

Last Dividend
$0.78
Last Yield
0.08%

Summary

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

Website
www.innovatecorp.com
Location
New York City, NY, US
Phone212 235 2690
Employees3,663
CEOPaul Kenneth Voigt
Sector
Industrials
IndustryEngineering & Construction
IPO DateJul 13, 2009

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.7K)

Expand
  • 8-KOther Events04:54PM
  • 10-QQ3ended 30 Sept 202612 Nov
  • 8-KResults of Operations and Financial Condition12 Nov
  • 8-KEntry into a Material Definitive Agreement9 Oct
  • 8-KEntry into a Material Definitive Agreement5 Oct
  • Form 4Voigt Paul17 Sep
  • DEF 14CDefinitive information statement3 Sep
  • 8-KEntry into a Material Definitive Agreement2 Sep
  • EFFECTNotice of effectiveness24 Aug
  • PRE 14CPreliminary information statement21 Aug
  • S-3/ARegistration statement (primary offering, amendment)19 Aug
  • 8-KOther Events18 Aug
  • SC 13DINNOVATE Corp.14 Aug
  • Form 4Sena Michael J.13 Aug
  • Form 4Voigt Paul13 Aug
  • Form 4GFELLER WARREN H13 Aug
  • Form 4Goldstein Brian Steven13 Aug
  • Form 4Wilkinson Amy Marie13 Aug
  • Form 4GLAZER AVRAM A13 Aug
  • S-3424B510 Aug

News

  • INNOVATE Q3 Earnings Call Highlights03:15AM
  • INNOVATE Corp. (VATE) Q3 2026 Earnings Call Prepared Remarks Transcript12 Nov
  • INNOVATE Corp. Announces Third Quarter 2026 Results12 Nov
  • INNOVATE Corp. to Report Third Quarter 2026 Results on November 12th5 Nov
  • INNOVATE (NYSE:VATE) and MYR Group (NASDAQ:MYRG) Critical Contrast12 Oct
  • INNOVATE Completes DBM Global Sale, Targets Debt Reduction6 Oct
  • INNOVATE Completes Sale of DBM Global to IES Holdings5 Oct
  • Analyzing INNOVATE (NYSE:VATE) & Concrete Pumping (NASDAQ:BBCP)21 Sep
  • INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX2 Sep
  • VATE Q2 Earnings Improve Y/Y as Infrastructure Revenues Surge18 Aug
  • MediBeacon® Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technology18 Aug

Mentions in Filings

  • … f offerings will attract a unique and loyal set of consumers. Without the significant upfront costs associated with broader Mobile Network Operators (MNO), MVNOs can take on more risk and break from traditional models to <strong>innovate</strong> and find success in the marketplace. 3 Source: Consultancy-me, *Global Video Game Industry on a Healthy Growth Trajectory to $250 Billion*, Sept. 4, 2024, reporting on research by Bain & Company, available at https://ww …
    Elf Labs, IncINNOVATE Corp.·253G2 - Offering circular (supplemental)·Q4 26·04:46PM
  • … sult in a long-term reduction in the number of vehicles per capita. These evolving areas have also attracted increased competition from entrants outside the traditional automotive industry. If Adient does not continue to <strong>innovate</strong> to develop or acquire new and compelling products that capitalize upon new technologies in response to OEM and consumer preferences, this could have an adverse impact on Adient’s results of operations. Adient may incur …
    Adient plcINNOVATE Corp.·10-K - Annual report FY 2026·FY26·04:15PM
  • … lion and $840 million, and an adjusted EBITDA range between $128 million and $132 million. Since our IPO, we have been clear about our priorities, scale production to meet demand, broaden our mission and customer reach, <strong>innovate</strong> ahead of the threat, and build the industry’s most capable multi-domain autonomous unmanned systems company. Over the past three quarters, we have continued to advance every one of these priorities. Today, I’d like to c …
    AEVEX Corp.INNOVATE Corp.·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·04:15PM
  • … been relatively capital-light, and we have purpose-built this footprint to support hyperscalers’ specific needs, with fast and flexible production lines, domestic manufacturing, shorter supply chains and the ability to <strong>innovate</strong> and adjust products quickly. Higher capacity utilization across our facilities typically improves our gross margins through better fixed-cost absorption, while periods of rapid capacity additions can temporarily compres …
    Accelevation Holdings Corp.INNOVATE Corp.·10-Q - Quarterly report Q3·Q3 26·04:07PM
  • … it quality developments arising from the foregoing or other factors, including trade policies, geopolitical conflicts, inflation, including increased energy costs, unemployment rates and interest rates; TXCP’s ability to <strong>innovate</strong>, to anticipate the needs of our current and future customers and to manage increased or expanded competition from banks and other financial service providers in TXCP’s markets; TXCP’s ability to effectively manage its li …
    TEXAS CAPITAL BANCSHARES INC/TXINNOVATE Corp.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·04:06PM
  • … g efficient, scalable production and high-performance outcomes across a broad range of applications. We combine materials science expertise with practical engineering to deliver tailored solutions for partners seeking to <strong>innovate</strong> in electronics. ​ On June 12, 2026, SmartKem Limited, then a subsidiary of SmartKem, Inc., entered creditors’ voluntary liquidation and was deconsolidated following the appointment of an administrator. As a result, Sma …
    SmartKem, Inc.INNOVATE Corp.·10-Q - Quarterly report Q3·Q3 26·04:05PM

Key Stats

Trading

Px/Chg 1D$7.50 / +0.94%
Avg Volume60.39K
Beta0.24
Mkt Cap102.31M
FD Mkt Cap100.68M

Float

Shrs Out/Float13.64M / 4.33M
Short Float0.09%
Days to Cover2.32
Stock Repurchased$0.00

Current Valuation

EV757.31M
EV/EBITDA11.44
EV/Sales0.57
P/B-0.41
P/S0.08
FCF Yield35.19%
ROE6.81%
ROA-1.79%
Current Ratio0.40

Dividend

Cash$0.78
Yield8.36%
Yield (TTM)8.36%

Estimates

P/E-1.93
Est P/E0.00
Est EPS-2.18
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-7.43-5.70-1.69-2.48-21.20-6.09
Price / Sales0.190.120.040.080.410.28
Price / Book Value-0.78-1.97-0.36-0.48-0.68-0.41
Price / Free Cash Flow-0.72-6.777.32-8.681.682.84
ENTERPRISE VALUE METRICS
Enterprise Value817.11,001.2763.2776.9787.1757.3
Enterprise Value / Sales1.200.610.540.702.062.08
Enterprise Value / EBITDA23.3615.9412.1010.6635.3042.79
Enterprise Value / EBIT44.6548.6028.1619.4253.5473.53

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue83.6%1,205.21,637.31,423.01,107.11,246.0
Gross Income-20.5%183.7221.4216.0208.8182.2
EBITDA16.2%31.862.863.172.957.9
EBIT—-5.820.627.140.027.5
Net Income-28.2%-227.5-35.9-35.2-34.6-60.6
EPS (Diluted)-17.3%-10.35-5.26-4.78-2.73-4.84
BALANCE SHEET
Cash & ST Inv25.3%45.580.480.848.8112.1
Total Assets-3.2%1,080.61,151.71,043.6891.1950.1
Total Liabilities1.7%1,087.51,181.31,196.31,050.91,165.4
Total Shareholder Equity28.6%-84.3-103.7-165.5-180.4-230.8
CASH FLOW
Net Operating Cash Flow13.1%89.5-9.526.59.1146.6
Cap Ex2%-24.1-20.7-18.4-19.0-26.1
Free Cash Flow16.5%65.4-30.28.1-9.9120.5

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)4.92
Basic Shares13.64
Market Cap67.0
Diluted Shares13.97
Fully Diluted Shares Outstanding13.97
Fully Diluted Market Cap68.7
+Consolidated Debt682.4
−In-the-Money Convertible Debt—
+Capital Leases66.4
+Operating Leases—
−Cash & Equivalents-87.8
−Short-term Investments-
+Total Preferred9.7
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest13.5
+Pension Liabilities—
Enterprise Value684.8

Segment data

Revenue

by Products and services

  • Infrastructure Segment98%
  • Spectrum Segment1%
  • Life Sciences Segment (pansend)1%

Revenue

by Geography

  • United States98%
  • All Other Geographic Locations2%

Related companies

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ARAMCO AB

3.04%
Beta
0.24

Dividends

Last Dividend
$0.78
Last Yield
0.08%

Summary

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

Website
www.innovatecorp.com
Location
New York City, NY, US
Phone212 235 2690
Employees3,663
CEOPaul Kenneth Voigt
Sector
Industrials
IndustryEngineering & Construction
IPO DateJul 13, 2009

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.7K)

Expand
  • 8-KOther Events04:54PM
  • 10-QQ3ended 30 Sept 202612 Nov
  • 8-KResults of Operations and Financial Condition12 Nov
  • 8-KEntry into a Material Definitive Agreement9 Oct
  • 8-KEntry into a Material Definitive Agreement5 Oct
  • Form 4Voigt Paul17 Sep
  • DEF 14CDefinitive information statement3 Sep
  • 8-KEntry into a Material Definitive Agreement2 Sep
  • EFFECTNotice of effectiveness24 Aug
  • PRE 14CPreliminary information statement21 Aug
  • S-3/ARegistration statement (primary offering, amendment)19 Aug
  • 8-KOther Events18 Aug
  • SC 13DINNOVATE Corp.14 Aug
  • Form 4Sena Michael J.13 Aug
  • Form 4Voigt Paul13 Aug
  • Form 4GFELLER WARREN H13 Aug
  • Form 4Goldstein Brian Steven13 Aug
  • Form 4Wilkinson Amy Marie13 Aug
  • Form 4GLAZER AVRAM A13 Aug
  • S-3424B510 Aug

News

  • INNOVATE Q3 Earnings Call Highlights03:15AM
  • INNOVATE Corp. (VATE) Q3 2026 Earnings Call Prepared Remarks Transcript12 Nov
  • INNOVATE Corp. Announces Third Quarter 2026 Results12 Nov
  • INNOVATE Corp. to Report Third Quarter 2026 Results on November 12th5 Nov
  • INNOVATE (NYSE:VATE) and MYR Group (NASDAQ:MYRG) Critical Contrast12 Oct
  • INNOVATE Completes DBM Global Sale, Targets Debt Reduction6 Oct
  • INNOVATE Completes Sale of DBM Global to IES Holdings5 Oct
  • Analyzing INNOVATE (NYSE:VATE) & Concrete Pumping (NASDAQ:BBCP)21 Sep
  • INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX2 Sep
  • VATE Q2 Earnings Improve Y/Y as Infrastructure Revenues Surge18 Aug
  • MediBeacon® Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technology18 Aug

Mentions in Filings

  • … f offerings will attract a unique and loyal set of consumers. Without the significant upfront costs associated with broader Mobile Network Operators (MNO), MVNOs can take on more risk and break from traditional models to <strong>innovate</strong> and find success in the marketplace. 3 Source: Consultancy-me, *Global Video Game Industry on a Healthy Growth Trajectory to $250 Billion*, Sept. 4, 2024, reporting on research by Bain & Company, available at https://ww …
    Elf Labs, IncINNOVATE Corp.·253G2 - Offering circular (supplemental)·Q4 26·04:46PM
  • … sult in a long-term reduction in the number of vehicles per capita. These evolving areas have also attracted increased competition from entrants outside the traditional automotive industry. If Adient does not continue to <strong>innovate</strong> to develop or acquire new and compelling products that capitalize upon new technologies in response to OEM and consumer preferences, this could have an adverse impact on Adient’s results of operations. Adient may incur …
    Adient plcINNOVATE Corp.·10-K - Annual report FY 2026·FY26·04:15PM
  • … lion and $840 million, and an adjusted EBITDA range between $128 million and $132 million. Since our IPO, we have been clear about our priorities, scale production to meet demand, broaden our mission and customer reach, <strong>innovate</strong> ahead of the threat, and build the industry’s most capable multi-domain autonomous unmanned systems company. Over the past three quarters, we have continued to advance every one of these priorities. Today, I’d like to c …
    AEVEX Corp.INNOVATE Corp.·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·04:15PM
  • … been relatively capital-light, and we have purpose-built this footprint to support hyperscalers’ specific needs, with fast and flexible production lines, domestic manufacturing, shorter supply chains and the ability to <strong>innovate</strong> and adjust products quickly. Higher capacity utilization across our facilities typically improves our gross margins through better fixed-cost absorption, while periods of rapid capacity additions can temporarily compres …
    Accelevation Holdings Corp.INNOVATE Corp.·10-Q - Quarterly report Q3·Q3 26·04:07PM
  • … it quality developments arising from the foregoing or other factors, including trade policies, geopolitical conflicts, inflation, including increased energy costs, unemployment rates and interest rates; TXCP’s ability to <strong>innovate</strong>, to anticipate the needs of our current and future customers and to manage increased or expanded competition from banks and other financial service providers in TXCP’s markets; TXCP’s ability to effectively manage its li …
    TEXAS CAPITAL BANCSHARES INC/TXINNOVATE Corp.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·04:06PM
  • … g efficient, scalable production and high-performance outcomes across a broad range of applications. We combine materials science expertise with practical engineering to deliver tailored solutions for partners seeking to <strong>innovate</strong> in electronics. ​ On June 12, 2026, SmartKem Limited, then a subsidiary of SmartKem, Inc., entered creditors’ voluntary liquidation and was deconsolidated following the appointment of an administrator. As a result, Sma …
    SmartKem, Inc.INNOVATE Corp.·10-Q - Quarterly report Q3·Q3 26·04:05PM

Key Stats

Trading

Px/Chg 1D$7.50 / +0.94%
Avg Volume60.39K
Beta0.24
Mkt Cap102.31M
FD Mkt Cap100.68M

Float

Shrs Out/Float13.64M / 4.33M
Short Float0.09%
Days to Cover2.32
Stock Repurchased$0.00

Current Valuation

EV757.31M
EV/EBITDA11.44
EV/Sales0.57
P/B-0.41
P/S0.08
FCF Yield35.19%
ROE6.81%
ROA-1.79%
Current Ratio0.40

Dividend

Cash$0.78
Yield8.36%
Yield (TTM)8.36%

Estimates

P/E-1.93
Est P/E0.00
Est EPS-2.18
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-7.43-5.70-1.69-2.48-21.20-6.09
Price / Sales0.190.120.040.080.410.28
Price / Book Value-0.78-1.97-0.36-0.48-0.68-0.41
Price / Free Cash Flow-0.72-6.777.32-8.681.682.84
ENTERPRISE VALUE METRICS
Enterprise Value817.11,001.2763.2776.9787.1757.3
Enterprise Value / Sales1.200.610.540.702.062.08
Enterprise Value / EBITDA23.3615.9412.1010.6635.3042.79
Enterprise Value / EBIT44.6548.6028.1619.4253.5473.53

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue83.6%1,205.21,637.31,423.01,107.11,246.0
Gross Income-20.5%183.7221.4216.0208.8182.2
EBITDA16.2%31.862.863.172.957.9
EBIT—-5.820.627.140.027.5
Net Income-28.2%-227.5-35.9-35.2-34.6-60.6
EPS (Diluted)-17.3%-10.35-5.26-4.78-2.73-4.84
BALANCE SHEET
Cash & ST Inv25.3%45.580.480.848.8112.1
Total Assets-3.2%1,080.61,151.71,043.6891.1950.1
Total Liabilities1.7%1,087.51,181.31,196.31,050.91,165.4
Total Shareholder Equity28.6%-84.3-103.7-165.5-180.4-230.8
CASH FLOW
Net Operating Cash Flow13.1%89.5-9.526.59.1146.6
Cap Ex2%-24.1-20.7-18.4-19.0-26.1
Free Cash Flow16.5%65.4-30.28.1-9.9120.5

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)4.92
Basic Shares13.64
Market Cap67.0
Diluted Shares13.97
Fully Diluted Shares Outstanding13.97
Fully Diluted Market Cap68.7
+Consolidated Debt682.4
−In-the-Money Convertible Debt—
+Capital Leases66.4
+Operating Leases—
−Cash & Equivalents-87.8
−Short-term Investments-
+Total Preferred9.7
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest13.5
+Pension Liabilities—
Enterprise Value684.8

Segment data

Revenue

by Products and services

  • Infrastructure Segment98%
  • Spectrum Segment1%
  • Life Sciences Segment (pansend)1%

Revenue

by Geography

  • United States98%
  • All Other Geographic Locations2%

Related companies

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Proto Labs Inc

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Techprecision Corp

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Alphabet Inc.

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Taiwan Semiconductor Manufacturing Co Ltd

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