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VATE Innovate Corp

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4.830
+0.040+0.84%

Close Aug 12 16:00 ET

63.05MMarket Cap-2012P/E (TTM)

Innovate Corp Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

Assets

Current assets

Cash, cash equivalents and short term investments

178.47%80.2M

131.33%38.4M

0.50%80.8M

115.89%55.7M

15.66%28.8M

-37.12%16.6M

76.70%80.4M

-53.51%25.8M

-Cash and cash equivalents

178.47%80.2M

131.33%38.4M

0.50%80.8M

115.89%55.7M

15.66%28.8M

-37.12%16.6M

76.70%80.4M

-53.51%25.8M

Receivables

-39.80%282.3M

-18.67%352.9M

-5.48%397M

-4.57%461.8M

10.64%468.9M

4.55%433.9M

14.85%420M

-2.73%483.9M

-Accounts receivable

-17.86%2.3M

-50.00%2M

-67.80%1.9M

-66.67%2.6M

-68.54%2.8M

-54.55%4M

-40.40%5.9M

-16.13%7.8M

-Taxes receivable

--2.9M

--1.4M

----

-Other receivables

-40.57%277.2M

-18.75%349.6M

-4.61%395.5M

-3.53%459.6M

12.30%466.4M

5.83%430.3M

16.33%414.6M

-2.54%476.4M

-Recievables adjustments allowances

66.67%-100K

75.00%-100K

20.00%-400K

-33.33%-400K

25.00%-300K

0.00%-400K

16.67%-500K

50.00%-300K

Inventory

5.03%20.9M

2.35%21.8M

18.52%22.4M

-10.14%18.6M

-1.00%19.9M

9.23%21.3M

11.18%18.9M

18.97%20.7M

Prepaid assets

--8M

--10.4M

----

Restricted cash

7.14%1.5M

-60.00%600K

-26.32%1.4M

40.00%1.4M

-30.00%1.4M

-25.00%1.5M

-77.91%1.9M

Other current assets

-80.88%2.6M

-97.28%400K

-14.62%14.6M

21.48%16.4M

22.52%13.6M

20.49%14.7M

56.88%17.1M

22.73%13.5M

Total current assets

-25.74%395.5M

-12.03%429.2M

-3.61%518.5M

1.48%553.9M

10.43%532.6M

2.37%487.9M

21.53%537.9M

-7.84%545.8M

Non current assets

Net PPE

-13.59%192.1M

-10.81%203.8M

-7.89%212.6M

-5.56%220.7M

-4.26%222.3M

-3.59%228.5M

-3.63%230.8M

-1.10%233.7M

-Gross PPE

-3.72%339.4M

-2.01%345.7M

0.29%350.3M

2.95%356.5M

4.01%352.5M

4.19%352.8M

4.39%349.3M

6.10%346.3M

-Accumulated depreciation

-13.13%-147.3M

-14.16%-141.9M

-16.20%-137.7M

-20.60%-135.8M

-22.02%-130.2M

-22.34%-124.3M

-24.61%-118.5M

-24.97%-112.6M

Goodwill and other intangible assets

-2.42%302.1M

-2.91%304M

-3.53%306M

-4.20%307.6M

-4.88%309.6M

-5.61%313.1M

-5.54%317.2M

-4.41%321.1M

-Goodwill

0.00%127M

-0.08%126.9M

0.00%127.1M

0.00%126.8M

-0.08%127M

-0.39%127M

-0.24%127.1M

3.26%126.8M

-Other intangible assets

-4.11%175.1M

-4.84%177.1M

-5.89%178.9M

-6.95%180.8M

-7.96%182.6M

-8.86%186.1M

-8.78%190.1M

-8.82%194.3M

Investments and advances

-75.68%1.8M

-76.62%1.8M

-96.27%1.8M

-84.91%7M

-84.45%7.4M

-87.21%7.7M

9.05%48.2M

-7.01%46.4M

Financial assets

----

--0

0.00%11.3M

--11.3M

Non current deferred assets

11.76%1.9M

17.65%2M

-40.74%1.6M

-39.29%1.7M

-45.16%1.7M

-43.33%1.7M

-3.57%2.7M

Other non current assets

-6.78%5.5M

-46.15%2.8M

-41.30%2.7M

26.19%5.3M

25.53%5.9M

44.44%5.2M

24.32%4.6M

-4.55%4.2M

Total non current assets

-7.95%503.4M

-7.53%514.3M

-14.45%525.1M

-12.46%542.2M

-12.37%546.9M

-12.49%556.2M

-3.72%613.8M

-1.57%619.4M

Total assets

-16.73%898.9M

-9.64%943.5M

-9.39%1.04B

-5.93%1.1B

-2.43%1.08B

-6.12%1.04B

6.58%1.15B

-4.61%1.17B

Liabilities

Current liabilities

Payables

-57.99%91.5M

-32.95%126.8M

-25.13%153.1M

-22.21%182.8M

3.62%217.8M

-16.92%189.1M

-6.41%204.5M

5.81%235M

-accounts payable

-52.09%90.4M

-26.41%122.9M

-29.43%142.9M

-29.95%149.2M

3.45%188.7M

-16.67%167M

13.00%202.5M

16.27%213M

-Total tax payable

-96.22%1.1M

-82.35%3.9M

410.00%10.2M

52.73%33.6M

4.68%29.1M

-18.75%22.1M

-94.91%2M

-43.44%22M

Current accrued expenses

-34.16%29.1M

-13.54%19.8M

-3.68%31.4M

-50.45%32.8M

-32.52%44.2M

-61.12%22.9M

-39.74%32.6M

8.88%66.2M

Current debt and capital lease obligation

-73.61%62.5M

-1.65%47.7M

-7.76%44M

117.08%176.7M

224.38%236.8M

-39.45%48.5M

-31.37%47.7M

14.49%81.4M

-Current debt

-77.43%50.2M

3.95%34.2M

-0.33%30.5M

100.00%162.8M

204.66%222.4M

-58.93%32.9M

-55.97%30.6M

14.49%81.4M

-Current capital lease obligation

-14.58%12.3M

-13.46%13.5M

-21.05%13.5M

--13.9M

--14.4M

--15.6M

--17.1M

----

Current deferred liabilities

-37.94%72.8M

19.54%125.4M

55.68%153.5M

70.02%162.2M

25.72%117.3M

90.38%104.9M

24.65%98.6M

-40.89%95.4M

Other current liabilities

25.00%3.5M

-72.53%2.5M

-13.33%2.6M

-84.08%3.2M

-85.79%2.8M

-54.04%9.1M

-83.61%3M

11.67%20.1M

Current liabilities

-53.26%289.3M

-6.81%349M

-0.81%413.8M

11.97%557.7M

34.05%618.9M

-15.18%374.5M

-5.07%417.2M

-6.62%498.1M

Non current liabilities

Long term debt and capital lease obligation

18.70%677.3M

-4.12%688.3M

-1.32%727.9M

-6.33%638M

-12.09%570.6M

8.87%717.9M

19.88%737.6M

3.28%681.1M

-Long term debt

22.84%638.3M

-3.43%641.5M

-0.66%679.3M

-6.55%586.8M

-12.54%519.6M

10.53%664.3M

22.81%683.8M

4.16%627.9M

-Long term capital lease obligation

-23.53%39M

-12.69%46.8M

-9.67%48.6M

-3.76%51.2M

-7.27%51M

-8.22%53.6M

-8.03%53.8M

-6.17%53.2M

Non current deferred liabilities

13.16%4.3M

13.51%4.2M

-54.95%4.1M

-63.73%3.7M

-61.62%3.8M

-61.05%3.7M

0.00%9.1M

27.50%10.2M

Preferred securities outside stock equity

57.43%15.9M

-17.70%38.6M

-74.75%15.4M

-86.80%8.3M

-84.46%10.1M

-29.15%46.9M

-10.43%61M

-10.53%62.9M

Other non current liabilities

809.52%38.2M

90.63%36.6M

95.98%34.1M

436.36%23.6M

-12.50%4.2M

291.84%19.2M

262.50%17.4M

-12.00%4.4M

Total non current liabilities

24.97%735.7M

-2.54%767.7M

-5.28%781.5M

-11.20%673.6M

-19.22%588.7M

6.45%787.7M

18.33%825.1M

2.13%758.6M

Total liabilities

-15.12%1.03B

-3.91%1.12B

-3.78%1.2B

-2.02%1.23B

1.44%1.21B

-1.63%1.16B

9.28%1.24B

-1.53%1.26B

Shareholders'equity

Share capital

0.00%100K

-common stock

0.00%100K

Retained earnings

-4.10%-490.3M

-9.46%-504.7M

-7.79%-487.3M

-7.08%-478M

-6.80%-471M

-7.58%-461.1M

-8.63%-452.1M

-8.48%-446.4M

Paid-in capital

6.51%348.3M

0.28%327.7M

-0.58%328.2M

-0.73%327.8M

-1.12%327M

-1.21%326.8M

-0.15%330.1M

-0.30%330.2M

Less: Treasury stock

0.00%5.4M

1.89%5.4M

3.85%5.4M

1.92%5.3M

0.00%5.2M

Gains losses not affecting retained earnings

-6.25%-1.7M

-40.00%-2.1M

-118.64%-1.1M

-182.76%-2.4M

-134.04%-1.6M

-121.43%-1.5M

-7.81%5.9M

-9.38%2.9M

Total stockholders'equity

1.26%-149M

-30.69%-184.4M

-36.44%-165.5M

-33.36%-157.9M

-36.31%-150.9M

-47.13%-141.1M

-43.89%-121.3M

-44.04%-118.4M

Noncontrolling interests

0.44%22.9M

-51.30%11.2M

-55.05%13.8M

-15.61%22.7M

-14.29%22.8M

-13.53%23M

9.25%30.7M

-2.18%26.9M

Total equity

1.56%-126.1M

-46.66%-173.2M

-67.44%-151.7M

-47.76%-135.2M

-52.32%-128.1M

-70.42%-118.1M

-61.21%-90.6M

-67.28%-91.5M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion

	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022
Assets
Current assets
Cash, cash equivalents and short term investments	178.47%80.2M	131.33%38.4M	0.50%80.8M	0.50%80.8M	115.89%55.7M	15.66%28.8M	-37.12%16.6M	76.70%80.4M	76.70%80.4M	-53.51%25.8M
-Cash and cash equivalents	178.47%80.2M	131.33%38.4M	0.50%80.8M	0.50%80.8M	115.89%55.7M	15.66%28.8M	-37.12%16.6M	76.70%80.4M	76.70%80.4M	-53.51%25.8M
Receivables	-39.80%282.3M	-18.67%352.9M	-5.48%397M	-5.48%397M	-4.57%461.8M	10.64%468.9M	4.55%433.9M	14.85%420M	14.85%420M	-2.73%483.9M
-Accounts receivable	-17.86%2.3M	-50.00%2M	-67.80%1.9M	-67.80%1.9M	-66.67%2.6M	-68.54%2.8M	-54.55%4M	-40.40%5.9M	-40.40%5.9M	-16.13%7.8M
-Taxes receivable	--2.9M	--1.4M	----	----	----	----	----	----	----	----
-Other receivables	-40.57%277.2M	-18.75%349.6M	-4.61%395.5M	-4.61%395.5M	-3.53%459.6M	12.30%466.4M	5.83%430.3M	16.33%414.6M	16.33%414.6M	-2.54%476.4M
-Recievables adjustments allowances	66.67%-100K	75.00%-100K	20.00%-400K	20.00%-400K	-33.33%-400K	25.00%-300K	0.00%-400K	16.67%-500K	16.67%-500K	50.00%-300K
Inventory	5.03%20.9M	2.35%21.8M	18.52%22.4M	18.52%22.4M	-10.14%18.6M	-1.00%19.9M	9.23%21.3M	11.18%18.9M	11.18%18.9M	18.97%20.7M
Prepaid assets	--8M	--10.4M	----	----	----	----	----	----	----	----
Restricted cash	7.14%1.5M	7.14%1.5M	-60.00%600K	-60.00%600K	-26.32%1.4M	40.00%1.4M	-30.00%1.4M	-25.00%1.5M	-25.00%1.5M	-77.91%1.9M
Other current assets	-80.88%2.6M	-97.28%400K	-14.62%14.6M	-14.62%14.6M	21.48%16.4M	22.52%13.6M	20.49%14.7M	56.88%17.1M	56.88%17.1M	22.73%13.5M
Total current assets	-25.74%395.5M	-12.03%429.2M	-3.61%518.5M	-3.61%518.5M	1.48%553.9M	10.43%532.6M	2.37%487.9M	21.53%537.9M	21.53%537.9M	-7.84%545.8M
Non current assets
Net PPE	-13.59%192.1M	-10.81%203.8M	-7.89%212.6M	-7.89%212.6M	-5.56%220.7M	-4.26%222.3M	-3.59%228.5M	-3.63%230.8M	-3.63%230.8M	-1.10%233.7M
-Gross PPE	-3.72%339.4M	-2.01%345.7M	0.29%350.3M	0.29%350.3M	2.95%356.5M	4.01%352.5M	4.19%352.8M	4.39%349.3M	4.39%349.3M	6.10%346.3M
-Accumulated depreciation	-13.13%-147.3M	-14.16%-141.9M	-16.20%-137.7M	-16.20%-137.7M	-20.60%-135.8M	-22.02%-130.2M	-22.34%-124.3M	-24.61%-118.5M	-24.61%-118.5M	-24.97%-112.6M
Goodwill and other intangible assets	-2.42%302.1M	-2.91%304M	-3.53%306M	-3.53%306M	-4.20%307.6M	-4.88%309.6M	-5.61%313.1M	-5.54%317.2M	-5.54%317.2M	-4.41%321.1M
-Goodwill	0.00%127M	-0.08%126.9M	0.00%127.1M	0.00%127.1M	0.00%126.8M	-0.08%127M	-0.39%127M	-0.24%127.1M	-0.24%127.1M	3.26%126.8M
-Other intangible assets	-4.11%175.1M	-4.84%177.1M	-5.89%178.9M	-5.89%178.9M	-6.95%180.8M	-7.96%182.6M	-8.86%186.1M	-8.78%190.1M	-8.78%190.1M	-8.82%194.3M
Investments and advances	-75.68%1.8M	-76.62%1.8M	-96.27%1.8M	-96.27%1.8M	-84.91%7M	-84.45%7.4M	-87.21%7.7M	9.05%48.2M	9.05%48.2M	-7.01%46.4M
Financial assets	----	----	----	----	----	----	--0	0.00%11.3M	0.00%11.3M	--11.3M
Non current deferred assets	11.76%1.9M	11.76%1.9M	17.65%2M	17.65%2M	-40.74%1.6M	-39.29%1.7M	-45.16%1.7M	-43.33%1.7M	-43.33%1.7M	-3.57%2.7M
Other non current assets	-6.78%5.5M	-46.15%2.8M	-41.30%2.7M	-41.30%2.7M	26.19%5.3M	25.53%5.9M	44.44%5.2M	24.32%4.6M	24.32%4.6M	-4.55%4.2M
Total non current assets	-7.95%503.4M	-7.53%514.3M	-14.45%525.1M	-14.45%525.1M	-12.46%542.2M	-12.37%546.9M	-12.49%556.2M	-3.72%613.8M	-3.72%613.8M	-1.57%619.4M
Total assets	-16.73%898.9M	-9.64%943.5M	-9.39%1.04B	-9.39%1.04B	-5.93%1.1B	-2.43%1.08B	-6.12%1.04B	6.58%1.15B	6.58%1.15B	-4.61%1.17B
Liabilities
Current liabilities
Payables	-57.99%91.5M	-32.95%126.8M	-25.13%153.1M	-25.13%153.1M	-22.21%182.8M	3.62%217.8M	-16.92%189.1M	-6.41%204.5M	-6.41%204.5M	5.81%235M
-accounts payable	-52.09%90.4M	-26.41%122.9M	-29.43%142.9M	-29.43%142.9M	-29.95%149.2M	3.45%188.7M	-16.67%167M	13.00%202.5M	13.00%202.5M	16.27%213M
-Total tax payable	-96.22%1.1M	-82.35%3.9M	410.00%10.2M	410.00%10.2M	52.73%33.6M	4.68%29.1M	-18.75%22.1M	-94.91%2M	-94.91%2M	-43.44%22M
Current accrued expenses	-34.16%29.1M	-13.54%19.8M	-3.68%31.4M	-3.68%31.4M	-50.45%32.8M	-32.52%44.2M	-61.12%22.9M	-39.74%32.6M	-39.74%32.6M	8.88%66.2M
Current debt and capital lease obligation	-73.61%62.5M	-1.65%47.7M	-7.76%44M	-7.76%44M	117.08%176.7M	224.38%236.8M	-39.45%48.5M	-31.37%47.7M	-31.37%47.7M	14.49%81.4M
-Current debt	-77.43%50.2M	3.95%34.2M	-0.33%30.5M	-0.33%30.5M	100.00%162.8M	204.66%222.4M	-58.93%32.9M	-55.97%30.6M	-55.97%30.6M	14.49%81.4M
-Current capital lease obligation	-14.58%12.3M	-13.46%13.5M	-21.05%13.5M	-21.05%13.5M	--13.9M	--14.4M	--15.6M	--17.1M	--17.1M	----
Current deferred liabilities	-37.94%72.8M	19.54%125.4M	55.68%153.5M	55.68%153.5M	70.02%162.2M	25.72%117.3M	90.38%104.9M	24.65%98.6M	24.65%98.6M	-40.89%95.4M
Other current liabilities	25.00%3.5M	-72.53%2.5M	-13.33%2.6M	-13.33%2.6M	-84.08%3.2M	-85.79%2.8M	-54.04%9.1M	-83.61%3M	-83.61%3M	11.67%20.1M
Current liabilities	-53.26%289.3M	-6.81%349M	-0.81%413.8M	-0.81%413.8M	11.97%557.7M	34.05%618.9M	-15.18%374.5M	-5.07%417.2M	-5.07%417.2M	-6.62%498.1M
Non current liabilities
Long term debt and capital lease obligation	18.70%677.3M	-4.12%688.3M	-1.32%727.9M	-1.32%727.9M	-6.33%638M	-12.09%570.6M	8.87%717.9M	19.88%737.6M	19.88%737.6M	3.28%681.1M
-Long term debt	22.84%638.3M	-3.43%641.5M	-0.66%679.3M	-0.66%679.3M	-6.55%586.8M	-12.54%519.6M	10.53%664.3M	22.81%683.8M	22.81%683.8M	4.16%627.9M
-Long term capital lease obligation	-23.53%39M	-12.69%46.8M	-9.67%48.6M	-9.67%48.6M	-3.76%51.2M	-7.27%51M	-8.22%53.6M	-8.03%53.8M	-8.03%53.8M	-6.17%53.2M
Non current deferred liabilities	13.16%4.3M	13.51%4.2M	-54.95%4.1M	-54.95%4.1M	-63.73%3.7M	-61.62%3.8M	-61.05%3.7M	0.00%9.1M	0.00%9.1M	27.50%10.2M
Preferred securities outside stock equity	57.43%15.9M	-17.70%38.6M	-74.75%15.4M	-74.75%15.4M	-86.80%8.3M	-84.46%10.1M	-29.15%46.9M	-10.43%61M	-10.43%61M	-10.53%62.9M
Other non current liabilities	809.52%38.2M	90.63%36.6M	95.98%34.1M	95.98%34.1M	436.36%23.6M	-12.50%4.2M	291.84%19.2M	262.50%17.4M	262.50%17.4M	-12.00%4.4M
Total non current liabilities	24.97%735.7M	-2.54%767.7M	-5.28%781.5M	-5.28%781.5M	-11.20%673.6M	-19.22%588.7M	6.45%787.7M	18.33%825.1M	18.33%825.1M	2.13%758.6M
Total liabilities	-15.12%1.03B	-3.91%1.12B	-3.78%1.2B	-3.78%1.2B	-2.02%1.23B	1.44%1.21B	-1.63%1.16B	9.28%1.24B	9.28%1.24B	-1.53%1.26B
Shareholders'equity
Share capital	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K
-common stock	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K	0.00%100K
Retained earnings	-4.10%-490.3M	-9.46%-504.7M	-7.79%-487.3M	-7.79%-487.3M	-7.08%-478M	-6.80%-471M	-7.58%-461.1M	-8.63%-452.1M	-8.63%-452.1M	-8.48%-446.4M
Paid-in capital	6.51%348.3M	0.28%327.7M	-0.58%328.2M	-0.58%328.2M	-0.73%327.8M	-1.12%327M	-1.21%326.8M	-0.15%330.1M	-0.15%330.1M	-0.30%330.2M
Less: Treasury stock	0.00%5.4M	0.00%5.4M	1.89%5.4M	1.89%5.4M	3.85%5.4M	3.85%5.4M	3.85%5.4M	1.92%5.3M	1.92%5.3M	0.00%5.2M
Gains losses not affecting retained earnings	-6.25%-1.7M	-40.00%-2.1M	-118.64%-1.1M	-118.64%-1.1M	-182.76%-2.4M	-134.04%-1.6M	-121.43%-1.5M	-7.81%5.9M	-7.81%5.9M	-9.38%2.9M
Total stockholders'equity	1.26%-149M	-30.69%-184.4M	-36.44%-165.5M	-36.44%-165.5M	-33.36%-157.9M	-36.31%-150.9M	-47.13%-141.1M	-43.89%-121.3M	-43.89%-121.3M	-44.04%-118.4M
Noncontrolling interests	0.44%22.9M	-51.30%11.2M	-55.05%13.8M	-55.05%13.8M	-15.61%22.7M	-14.29%22.8M	-13.53%23M	9.25%30.7M	9.25%30.7M	-2.18%26.9M
Total equity	1.56%-126.1M	-46.66%-173.2M	-67.44%-151.7M	-67.44%-151.7M	-47.76%-135.2M	-52.32%-128.1M	-70.42%-118.1M	-61.21%-90.6M	-61.21%-90.6M	-67.28%-91.5M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	--	Unqualified Opinion	--	--	--	--	--	--	--

Analysis

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