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INNOVATE Corp ( (VATE) ) has shared an announcement.
INNOVATE Corp. reported a mixed third quarter in 2024 with a notable decline in overall revenue by 35.5%, driven by timing and completion of projects in its Infrastructure segment. However, the Life Sciences segment saw remarkable growth, with R2 Technologies achieving a 416% increase in worldwide system unit sales compared to the previous year. Meanwhile, the Spectrum segment benefited from new network launches, resulting in higher revenue and improved financial performance.
See more data about VATE stock on TipRanks’ Stock Analysis page.