INNOVATE Corp
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
VATE$5.42+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | $1,423.0 | $1,637.3 |
| Cost of revenue | 1,207.0 | 1,415.9 |
| Gross profit | 216.0 | 221.4 |
| Operating expenses: | ||
| Selling, general and administrative | 168.0 | 180.1 |
| Depreciation and amortization | 20.2 | 27.2 |
| Other operating loss | 1.3 | 0.7 |
| Income from operations | 26.5 | 13.4 |
| Other (expense) income: | ||
| Interest expense | (68.2) | (52.0) |
| Loss from equity investees | (9.4) | (1.3) |
| Other income (expense), net | 16.7 | (1.2) |
| Loss from operations before income taxes | (34.4) | (41.1) |
| Income tax expense | (4.5) | (0.9) |
| Net loss | (38.9) | (42.0) |
| Net loss attributable to non-controlling interests and redeemable non-controlling interests | 3.7 | 6.1 |
| Net loss attributable to INNOVATE Corp. | (35.2) | (35.9) |
| Less: Preferred dividends | 2.4 | 4.9 |
| Net loss attributable to common stockholders | $(37.6) | $(40.8) |
| Loss per share - basic and diluted | $(0.48) | $(0.53) |
| Weighted average common shares outstanding - basic and diluted | 78.1 | 77.5 |
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