During the last century, mankind has been actively developing the ideas of technological determinism, declaring the development of equipment and technology a key factor in social and economic transformations. Scientific and technological progress has a cyclic nature and sets the pace for the development of society, economic subjects and science. The innovation is a product of scientific and technological progress. It becomes the basis for activities of high-tech enterprises and, in the future, the basis for the development of the entire industrial and economic sector. We consider innovation potential and profitability of innovative activity of high technology enterprises as an original element of multifactorial model of the activity of such economic entities. By the example of enterprises of radio-electronic Russian complex the article analyses the impact of the innovation factor of a company on its stability in the financial and economic aspects. Today the study of phenomenon of innovation as an economic factor is a promising and topical direction in financial analysis and financial management.
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