Innovate (Financial Services Company) Overview
- Year Founded
-
1994
- Status
-
Public
- Employees
-
3,161
- Stock Symbol
-
VATE
- Investments
-
31
- Share Price
-
$5.90
- (As of Wednesday Closing)
Innovate (Financial Services Company) General Information
Description
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting station across the United States.
Contact Information
Website
www.innovatecorp.comCorporate Office
- 295 Madison Avenue
- 12th Floor
- New York, NY 10017
- United States
Corporate Office
- 295 Madison Avenue
- 12th Floor
- New York, NY 10017
- United States
Innovate (Financial Services Company) Stock Performance
As of 16-Apr-2025, Innovate (Financial Services Company)’s stock price is $5.90. Its current market cap is $78.4M with 13.3M shares.
(As of Wednesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $5.90 | $5.86 | $3.25 - $13.79 | $78.4M | 13.3M | 638K | -$3.08 |
Innovate (Financial Services Company) Financials Summary
As of 31-Dec-2024, Innovate (Financial Services Company) has a trailing 12-month revenue of $1.11B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 800,011 | 800,011 | 887,459 | 973,026 |
| Revenue | 1,107,100 | 1,107,100 | 1,423,000 | 1,637,300 |
| EBITDA | 71,400 | 71,400 | 68,500 | 53,100 |
| Net Income | (34,600) | (34,600) | (35,200) | (35,900) |
| Total Assets | 891,100 | 891,100 | 1,043,600 | 1,151,700 |
| Total Debt | 719,200 | 719,200 | 771,900 | 785,300 |
Innovate (Financial Services Company) Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Innovate (Financial Services Company) Comparisons
Industry
Financing
Details
Innovate (Financial Services Company) Competitors (1)
One of Innovate (Financial Services Company)’s competitors is Steel Partners Holdings, a Corporation company based in New York, NY.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Steel Partners Holdings | Corporation | New York, NY |
Innovate (Financial Services Company) Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Innovate (Financial Services Company) Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Innovate (Financial Services Company) Investments & Acquisitions (31)
Innovate (Financial Services Company)’s most recent deal was a Merger/Acquisition with Go2tel.com for . The deal was made on 01-Nov-2018.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Go2tel.com | 01-Nov-2018 | Merger/Acquisition | Telecommunications Service Providers | ||
| WJFB | 01-Sep-2018 | Merger/Acquisition | Broadcasting, Radio and Television | ||
| WDWO-CD | 25-Jun-2018 | Corporate Asset Purchase | Buildings and Property | ||
| KPNZ | 01-Jun-2018 | Corporate Asset Purchase | Buildings and Property | ||
| Wfwc-cd | 06-Apr-2018 | Merger/Acquisition | Broadcasting, Radio and Television |
Innovate (Financial Services Company) ESG
Risk Overview
Risk Rating
Updated March, 08, 2025
47.99 | Severe Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,109
Rank
Percentile
Construction & Engineering
Industry
of 350
Rank
Percentile
Non-Residential Construction
Subindustry
of 350
Rank
Percentile
Innovate (Financial Services Company) Exits (9)
Innovate (Financial Services Company)’s most recent exit was on 24-Dec-2015 from Continental General Insurance. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Continental General Insurance | 24-Dec-2015 | Completed |
|
||
| Nervve | 20-Oct-2014 | Completed |
|
||
| Global Marine Systems | 22-Sep-2014 | Completed |
|
||
| Inseego | 16-Sep-2014 | Completed |
|
||
| Beyond6 | 14-Aug-2014 | Merger/Acquisition | Completed |
Innovate (Financial Services Company) Affiliates
Subsidiaries (7)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Globility Communications Corporation | Etobicoke, Canada | 2012 | |
| DTV America | Sunrise, FL | 2010 | |
| Northstar Media | Fairfield, CT | 2002 | |
| Unlimitel | Toronto, Canada | 1997 | |
| Pansend Life Sciences | Herndon, VA | 1994 |
Innovate (Financial Services Company) FAQs
-
When was Innovate (Financial Services Company) founded?
Innovate (Financial Services Company) was founded in 1994.
-
Where is Innovate (Financial Services Company) headquartered?
Innovate (Financial Services Company) is headquartered in New York, NY.
-
What is the size of Innovate (Financial Services Company)?
Innovate (Financial Services Company) has 3,161 total employees.
-
What industry is Innovate (Financial Services Company) in?
Innovate (Financial Services Company)’s primary industry is Holding Companies.
-
Is Innovate (Financial Services Company) a private or public company?
Innovate (Financial Services Company) is a Public company.
-
What is Innovate (Financial Services Company)’s stock symbol?
The ticker symbol for Innovate (Financial Services Company) is VATE.
-
What is the current stock price of Innovate (Financial Services Company)?
As of 16-Apr-2025 the stock price of Innovate (Financial Services Company) is $5.90.
-
What is the current market cap of Innovate (Financial Services Company)?
The current market capitalization of Innovate (Financial Services Company) is $78.4M.
-
What is Innovate (Financial Services Company)’s current revenue?
The trailing twelve month revenue for Innovate (Financial Services Company) is $1.11B.
-
Who are Innovate (Financial Services Company)’s competitors?
Steel Partners Holdings is a competitor of Innovate (Financial Services Company).
-
What is Innovate (Financial Services Company)’s annual earnings per share (EPS)?
Innovate (Financial Services Company)’s EPS for 12 months was -$3.08.
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