Envela Stock Price, News & Analysis

Envela Corporation (NYSE:ELA) has achieved a significant milestone by being added to the US small-cap Russell 2000® Index, effective June 30, 2025. This inclusion, which will remain in place for one year, comes as part of the 2025 Russell indexes reconstitution and is based on the company's membership in the broader Russell 3000® Index.

The addition is expected to increase Envela's visibility among institutional investors, with approximately $10.6 trillion in assets being benchmarked against Russell US indexes as of June 2024. The company will also be automatically included in the appropriate growth and value indexes.

Envela Corporation announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Summer Investment Conference 2025, scheduled for June 24-25, 2025. CEO John Loftus and CFO John DeLuca will present on June 24th at 3:30 PM ET and conduct one-on-one investor meetings the following day. The conference, hosted by iAccess Alpha, features recommended companies in a two-day format combining webcast presentations and individual investor meetings. Interested parties can access the live presentation through a provided webcast link, with a replay available afterward.

Envela Corporation (ELA) has announced its dual listing on the newly launched NYSE Texas exchange, while maintaining its primary listing on the NYSE American under the same ticker symbol ELA. As a Founding Member of NYSE Texas, Envela is supporting the launch of this fully electronic equities exchange based in Dallas.

The company's CEO, John Loftus, emphasized Texas's resilient economy and entrepreneurial spirit as key factors in their decision. NYSE Group's Chief Development Officer, Chris Taylor, welcomed Envela's support for the new exchange, highlighting how NYSE Texas enables companies to leverage the state's pro-business environment.

Envela Corporation (ELA) reported strong Q1 2025 financial results with revenue of $48.3 million and earnings per share of $0.10, up from $0.07 in Q1 2024. Operating income grew by 33.3% to $3.1 million, while net income increased to $2.5 million. The Consumer Division revenue reached $36.8 million, and the Commercial Division achieved a 67.5% gross margin. The company opened its third San Antonio location and received clearance to list on NYSE Texas. Cash position strengthened to $21.0 million, with net cash increasing by 10.5% to $7.8 million. The Board authorized an additional 100,000 shares for repurchase, bringing the total authorization to 1.1 million shares under the program extending through March 2026.

Envela (ELA) reported its Q4 and FY 2024 financial results, achieving annual revenue of $180.4 million with earnings per diluted share of $0.26. Q4 revenue reached $48.3 million with quarterly EPS of $0.06.

The company expanded its retail presence by nearly doubling store locations to 12 by year-end. The Consumer Division posted FY revenue of $130.5 million, while the Commercial Division generated $49.9 million. Notable achievements include record net cash position of $7.1 million and Commercial Division's adjusted EBITDA reaching all-time high of $9.0 million.

Gross profit margin improved to 24.6% for FY 2024, up from 23.8% in 2023. The company maintained strong liquidity with cash and equivalents of $20.6 million as of December 31, 2024. Under its share repurchase program, Envela bought back 916,597 shares for $2.4 million during 2024.

Envela (ELA) has scheduled the release of its fourth quarter and fiscal year 2024 financial results for Wednesday, March 26, 2025, after market close. The company maintains regular investor communications through its corporate website envela.com, where stakeholders can access press releases, quarterly investor presentations, SEC filings, corporate governance information, and annual shareholder meeting details.

Envela reported Q3 2024 financial results with record revenue of $46.9 million, up 27.2% year-over-year. The company achieved earnings per diluted share of $0.06, with gross margin increasing 17.8% and operating income rising 3.6% compared to Q3 2023. The Consumer Division revenue grew 25.6% to $33.8 million, while the Commercial Division saw a 31.5% increase to $13.1 million. Despite revenue growth, gross margin decreased to 24.4% from 26.4% year-over-year. The company maintained strong liquidity with $17.8 million in cash and reduced long-term debt to $13.8 million.

Envela has scheduled its third quarter 2024 financial results announcement for Tuesday, November 5, 2024, after market close. The announcement will provide insights into the company's financial performance for Q3 2024.

Four Nines, an innovative retail concept from Envela , announces the grand opening of two new stores in San Antonio, Texas on October 15, 2024. Located at 8597 Blanco Road and 17641 Bulverde Road, these stores offer premium products at accessible prices, focusing on sustainability and value.

The Blanco store spans 5,000 square feet, while the Bulverde store covers 4,300 square feet. Four Nines currently operates 12 units across three states, with plans for expansion in 2024. To celebrate the openings, the first 50 customers making a minimum purchase of $30 on October 18th and 19th will receive a commemorative 9999 silver coin.

Both stores will be open Monday through Saturday from 10 a.m. to 6 p.m., offering a unique shopping experience for quality jewelry at affordable prices.