Skip to content
OpenCapital
Get started

Innovate VATE Equity Method Investments

Discontinued — last reported Q4 '23

Equity Method Investments at other companies

Gray Television logo
Gray TelevisionGTN
$32M-55.6%
Cardinal Infrastructure Group, Inc. logo
Cardinal Infrastructure Group, Inc. CDNL
$0-100%
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
$100.48M-8.1%
MYR Group logo
MYR GroupMYRG
$3.4M-9.7%
Versant Media Group, Inc. logo
Versant Media Group, Inc. VSNT
$241M—

Segments

By segment

See full
Life Sciences$900K0.0%

Other financials

Income statement

See full
Revenue$364.8M+33.0%
Gross profit$53.5M+17.6%
Operating income$10.0M+194%
Net income-$16.8M+31.4%
EPS (diluted)-$1.29+31.7%

Balance sheet

See full
Cash & equivalents$134.6M+297%
Total debt$1.4B+11.6%
Total equity-$256.3M-25.5%
Total assets$936.8M+7.9%

Cash flow

See full
Operating cash flow$45.5M+423%
CapEx$200.0K-95.7%
Free cash flow$45.3M+341%

Valuation

See full
Market cap$254.69M+196%
Enterprise value$1.52B+21.4%
P/S0.2×+0.1×

Profitability

See full
Gross margin15.5%-3.8pp
Operating margin2.6%-1.2pp
Net margin-4%0.0pp
FCF margin15.7%—

Returns & leverage

See full
Return on equity-8.1%—
Debt / equity1.7×—
Current ratio0.4×0.0×

Where this comes from

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount.

The official record: Innovate’s 10-K, filed March 6, 2024, on SEC EDGAR. View the filing →

Ask your AI about Innovate's equity method investments.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Innovate's equity method investments?
Innovate (VATE) reported equity method investments of $900K in Q4 2023.
How has Innovate's equity method investments changed year-over-year?
Innovate's equity method investments decreased by 92.0% year-over-year, from $11.3M to $900K.
What is the long-term trend for Innovate's equity method investments?
Over 3 years (2020 to 2023), Innovate's equity method investments has grown at a -57.6% compound annual growth rate (CAGR), from $11.8M to $900K.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.