INNOVATE Second Quarter 2024 Earnings: EPS: US$0.16 (vs US$0.14 loss in 2Q 2023)

INNOVATE (NYSE:VATE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$313.1m (down 15% from 2Q 2023).
• Net income: US$14.1m (up from US$10.5m loss in 2Q 2023).
• Profit margin: 4.5% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.16 (up from US$0.14 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

INNOVATE shares are down 3.0% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for INNOVATE (4 don't sit too well with us!) that you should be aware of before investing here.

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