INNOVATE Q3 revenue jumps on infrastructure segment growth

Reuters

Nov 13

INNOVATE Q3 revenue jumps on infrastructure segment growth

Overview

INNOVATE Q3 revenue rises 43.3% yr/yr, driven by Infrastructure segment growth
Co, which has portfolio of assets in infrastructure, life sciences and spectrum, posts Q3 net loss of $9.4 mln vs loss of $15.3 mln yr ago
Adjusted EBITDA for Q3 increases to $19.8 mln from $16.8 mln yr/yr

Outlook

Company expects MediBeacon's TGFR system to be available in China by year-end
Company sees emerging opportunities in datacasting with Spectrum

Result Drivers

INFRASTRUCTURE GROWTH - DBM Global's strong revenue growth driven by commercial structural steel fabrication and erection projects
REGULATORY APPROVAL - MediBeacon received approval to sell Transdermal GFR System in China, expanding market reach
ADVERTISING RECOVERY - Spectrum's Q4 advertising sales show early signs of recovery amid new network launches

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$347.10 mln
Q3 EPS		-$0.71
Q3 Net Income		-$9.40 mln
Q3 Adjusted EBITDA		$19.80 mln

Press Release: ID:nGNX2YZvYw

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251112:nL1N3WO13C:1","article_id":"2583583972","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583583972","pubTimestamp":1762982667,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"INNOVATE Q3 revenue jumps on infrastructuresegment growthOverviewINNOVATE Q3 revenue rises 43.3% yr/yr, driven by Infrastructure segment growthCo, which has portfolio of assets in infrastructure, life","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","DBMG":"DBM Global Inc.","VATE":"Innovate Corp."},"translate_title":"INNOVATE第三季度收入因基础设施领域增长而大幅增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBMG":0.9,"VATE":0.9},"content_text":"INNOVATE Q3 revenue jumps on infrastructure segment growthOverviewINNOVATE Q3 revenue rises 43.3% yr/yr, driven by Infrastructure segment growthCo, which has portfolio of assets in infrastructure, life sciences and spectrum, posts Q3 net loss of $9.4 mln vs loss of $15.3 mln yr agoAdjusted EBITDA for Q3 increases to $19.8 mln from $16.8 mln yr/yrOutlookCompany expects MediBeacon's TGFR system to be available in China by year-endCompany sees emerging opportunities in datacasting with SpectrumResult DriversINFRASTRUCTURE GROWTH - DBM Global's strong revenue growth driven by commercial structural steel fabrication and erection projectsREGULATORY APPROVAL - MediBeacon received approval to sell Transdermal GFR System in China, expanding market reachADVERTISING RECOVERY - Spectrum's Q4 advertising sales show early signs of recovery amid new network launchesKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Revenue$347.10 mlnQ3 EPS-$0.71Q3 Net Income-$9.40 mlnQ3 Adjusted EBITDA$19.80 mlnPress Release: ID:nGNX2YZvYwFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}