Innovate Historical Income Statement
| VATE Stock | USD 5.11 0.23 4.71% |
Historical analysis of Innovate Corp income statement accounts such as Depreciation And Amortization of 38.8 M, Interest Expense of 42 M, Total Revenue of 1.1 B or Gross Profit of 189.7 M can show how well Innovate Corp performed in making a profits. Evaluating Innovate Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Innovate Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Innovate Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Innovate Corp is a good buy for the upcoming year.
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About Innovate Income Statement Analysis
Innovate Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Innovate Corp shareholders. The income statement also shows Innovate investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Innovate Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Innovate Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Innovate Corp minus its cost of goods sold. It is profit before Innovate Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Innovate Corp. It is also known as Innovate Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Innovate Corp income statement and represents the costs associated with goods and services Innovate Corp provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Innovate Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Innovate Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.At present, Innovate Corp's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 192.1 M, whereas Total Revenue is forecasted to decline to about 1.1 B.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 52M | 68.2M | 61.4M | 42.0M | Depreciation And Amortization | 42.2M | 36M | 32.4M | 38.8M |
Innovate Corp income statement Correlations
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Innovate Corp Account Relationship Matchups
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Innovate Corp income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 26.8M | 37.6M | 42.2M | 36M | 32.4M | 38.8M | |
| Interest Expense | 79.4M | 59.1M | 52M | 68.2M | 61.4M | 42.0M | |
| Total Revenue | 1.0B | 1.2B | 1.6B | 1.4B | 1.6B | 1.1B | |
| Gross Profit | 167.3M | 183.7M | 221.4M | 216M | 194.4M | 189.7M | |
| Other Operating Expenses | 996.4M | 1.2B | 1.6B | 1.4B | 1.6B | 1.1B | |
| Operating Income | 77.7M | (9.1M) | 13.4M | 29.2M | 33.6M | 35.3M | |
| Ebit | 28.1M | (21.6M) | 10.9M | 33.8M | 30.4M | 21.0M | |
| Ebitda | 54.9M | 16M | 53.1M | 69.8M | 62.8M | 59.8M | |
| Cost Of Revenue | 838.5M | 1.0B | 1.4B | 1.2B | 1.4B | 863.7M | |
| Total Operating Expenses | 157.9M | 194.3M | 208M | 189.5M | 170.6M | 192.1M | |
| Income Before Tax | (27.8M) | (80.7M) | (41.1M) | (34.4M) | (39.6M) | (41.5M) | |
| Total Other Income Expense Net | (18.4M) | (70.1M) | (54.5M) | (63.6M) | (73.1M) | (69.5M) | |
| Net Income | (46.4M) | (79.8M) | (40.8M) | (37.6M) | (43.2M) | (45.4M) | |
| Income Tax Expense | 10.5M | 5.6M | 900K | 4.5M | 5.2M | 5.4M | |
| Selling General Administrative | 181.1M | 168.3M | 180.1M | 168M | 193.2M | 203.2M | |
| Tax Provision | 10.5M | 5.6M | 900K | 4.5M | 5.2M | 5.4M | |
| Net Interest Income | (79.4M) | (59.1M) | (52M) | (68.2M) | (78.4M) | (82.4M) | |
| Net Income From Continuing Ops | (38.3M) | (86.3M) | (42M) | (38.9M) | (35.0M) | (33.3M) | |
| Reconciled Depreciation | 5.9M | 37.6M | 42.2M | 36M | 41.4M | 37.4M | |
| Net Income Applicable To Common Shares | (31.5M) | (94.8M) | (229.7M) | (40.8M) | (36.7M) | (38.6M) | |
| Minority Interest | 45.7M | 8.7M | 6.1M | 3.7M | 3.3M | 3.2M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovate Corp. If investors know Innovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovate Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share | Quarterly Revenue Growth (0.35) | Return On Assets | Return On Equity |
The market value of Innovate Corp is measured differently than its book value, which is the value of Innovate that is recorded on the company's balance sheet. Investors also form their own opinion of Innovate Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovate Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovate Corp's market value can be influenced by many factors that don't directly affect Innovate Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovate Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovate Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.