Positive context积极背景
Stocks股票 / Industrials / VATE
Innovate Corp · Industrials
VATE US listed · USD美股 · 美元
Industrials
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$6.00
Regular quote常规时段报价
-$0.21 · -3.38%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
Pre-market盘前
·
52w low52周低 $3.85high高 $20.89
Avoid — downtrend回避 — 下行趋势
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-10-26截至 2026-10-26
Company news公司新闻
The latest reporting最新报道
One story, with the reporting behind it.将同一事件汇总，保留各来源报道。
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14）
32
Depressed偏低
vs 50-day average相对50日均线
-19.8% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-32.6% below下方
Long trend down长期向下
Volatility波动率
19th percentile第19百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Financials财务数据
fiscal years财年Revenue营业收入
$1.2B2025
20202025
5-yr growth5年复合增速 4.4%
Earnings per share每股收益
$-4.842025
20202025
Free cash flow自由现金流
$146.1M2025
20202025
Gross margin毛利率
16.0%
Operating margin营业利润率
2.3%
Net margin净利率
-4.9%
FCF margin自由现金流利润率
11.8%
Balance-sheet quality财务体质 3/8
Return on equity股本回报率 25%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA7.94
Current ratio流动比率0.44
Capital allocation资本配置
Stock-based comp股权薪酬$2.7M
Share count change (1y)股数变化（1年）+3.0%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $145.2M due — about 21% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $145.2M，约占其披露本金的 21%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$145.2M
Year 2第2年
$466.1M
Year 3第3年
$5.8M
Year 4第4年
$6.4M
Year 5第5年
$63.6M
After year 55年以后
not reported未披露
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001006837-26-000014, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-10-05T09:39:32.184437+00:00.
5/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— period_mismatch
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Quiet — no confirmed driver平静 — 无明确驱动
Technical技术面
VATE RSI reached oversoldVATE RSI进入超卖
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases). Last cycle was left-translated (topped early) — a bearish structural tell回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Oct 14, 2026
VATE RSI reached oversoldVATE RSI进入超卖
RSI(14) crossed below 30 — washed out; context, not a timing trigger alone. $5.97.RSI(14)下穿30 — 超卖；仅作背景，单独不构成择时。$5.97。
Oct 7, 2026
VATE daily MACD crossed downVATE 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $7.30.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$7.30。
Oct 5, 2026
VATE broke down vs the marketVATE 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $7.44.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$7.44。
Sep 30, 2026
NEARING A LOW → UNCONFIRMED TURN接近低点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 25, 2026
NEARING A LOW → UNCONFIRMED TURN接近低点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 24, 2026
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY准备
Sep 16, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Showing the last 15 of显示最近15条，共 154 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -16.9% | -2.0% |
| 1 Month近1月 | -20.0% | +1.5% |
| 3 Months近3月 | -33.6% | +2.9% |
| 6 Months近6月 | -43.9% | +8.0% |
| Year to date年初至今 | +15.4% | +12.6% |
| 1 Year近1年 | +33.3% | +16.8% |
Trading information交易信息
Volatility rank波动率分位
19th pctile
EPS (trailing)每股收益
$-4.44
Off 52-week high距52周高点
-70.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.0B | $1.2B | $1.6B | $1.4B | $1.1B | $1.2B |
| EPS每股收益 | $-1.88 | $-2.98 | $-0.53 | $-0.48 | $-3.08 | $-4.84 |
| Free cash flow自由现金流 | $24M | $3M | $-30M | $8M | $-10M | $146M |
| Gross margin毛利率 | 41.5% | 15.2% | 13.5% | 15.2% | 18.9% | 16.0% |
| Net margin净利率 | -9.1% | -18.9% | -2.2% | -2.5% | -3.1% | -4.9% |
| FCF margin自由现金流利润率 | 2.4% | 0.2% | -1.8% | 0.6% | -0.9% | 11.7% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$1.2B
Gross profit毛利润
$200M
Net income净利润
$-61M
Operating cash flow经营现金流
$147M
Total assets总资产
$950M
Shareholder equity股东权益
$-240M
Shares outstanding总股本
0.01B
Returns & growth回报与增长
Return on equity股本回报率
25.2%
Return on assets资产回报率
-6.4%
Asset growth资产增速
+6.6%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: inventory +62% vs sales +24% — inventory building, demand risk营运资本：存货 +62% 对销售 +24%——存货积压，需求风险
- Pricing power: gross margin −25.5pts over 6 years定价能力：毛利率 6 年下降 25.5 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
32
RSI (2-day)RSI（2日）
23
vs 20-day average相对20日均线
-17.0%
vs 50-day average相对50日均线
-19.8%
vs 200-day average相对200日均线
-32.6%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum down动能向下
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
59/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。