Envela Stock Price, News & Analysis

Envela Corporation (ELA) has announced a share repurchase program authorized by its Board of Directors for up to 1 million shares of its outstanding common stock. This initiative reflects the confidence of the Board and executive management in Envela's cash generation capabilities while continuing to invest in growth opportunities. CEO John Loftus emphasized the commitment to strategically deploy capital for long-term shareholder value. The share buybacks will occur in the open market, influenced by market conditions, and the program may be amended or suspended at the company's discretion.

Envela Corporation (NYSE American: ELA) reported strong financial results for the fourth quarter and full-year 2022. Annual revenue reached $182.7 million, a remarkable 30% increase from the previous year, while earnings per diluted share rose by 57% to $0.58. Management expressed satisfaction with the record revenue and ongoing investments in sustainable re-commerce strategies. Although they foresee potential headwinds in 2023, Envela is optimistic about navigating challenges as successfully as they did in 2022.

Envela Corporation (NYSE American: ELA) is set to ring the New York Stock Exchange's closing bell on February 6, 2023, after a rescheduling due to winter weather in Dallas. CEO John Loftus highlighted the company's commitment to sustainability and its circular business model, which promotes extending the useful lives of products and reducing landfill waste. This model not only boosts re-commerce growth but also allows consumers to positively impact the environment. Envela operates through various segments, including DGSE and ECHG, focusing on retail and recycling of durable goods and electronics.

Envela Corporation has officially postponed its NYSE bell ringing event due to severe weather affecting travel in Texas and the U.S. The new date for this event will be announced once finalized. Envela, known for its leadership in the North American re-commerce sector, aims to promote a circular economy and encourages participation in the re-commerce revolution.

Envela operates through two main segments: DGSE, which focuses on retail sales of luxury hard assets, and ECHG, which specializes in re-commerce of consumer electronics and IT equipment. The company emphasizes sustainability and the financial benefits of re-commerce for both consumers and manufacturers.

Envela Corporation (NYSE American: ELA) announced it will ring the Closing Bell at the New York Stock Exchange on February 2, 2023, highlighting its commitment to sustainability via a circular-business model. This model extends the useful lives of luxurious and electronic goods, reducing landfill waste and creating environmental benefits. The company operates through two segments: DGSE for retail sales and ECHG for B2B re-commercialization of electronics. Envela’s focus on re-commerce aligns with growing consumer awareness regarding ecological impacts, supporting its mission for a sustainable future.

Envela Corporation (NYSE American: ELA) reported strong financial results for Q3 2022, achieving record revenue of $45.2 million, a 20% increase year-over-year. The company posted earnings per share of $0.12, consistent with the prior year. Revenue from continuing operations at DGSE reached $30.4 million, while ECHG contributed $14.8 million. Gross profit improved to $11.9 million from $8.1 million in Q3 2021. The net income stood at $3.32 million. Management expressed confidence in ongoing growth and strategic investments despite a challenging macroeconomic environment.

Envela Corporation (NYSE American: ELA) announced plans to release its third quarter 2022 financial results on November 3, 2022, after market close. As a leader in the re-commerce sector, Envela operates through its two primary segments: DGSE, focusing on luxury assets and precious metals, and ECHG, specializing in consumer electronics re-commercialization and recycling. The company emphasizes sustainable practices and the circular economy, benefiting both consumers and manufacturers.

Envela Corporation (NYSE American: ELA) announced it will present at the LD Micro Main Event XV on October 26, 2022, in Los Angeles. Recognized as a leader in the re-commerce sector, Envela focuses on extending the life of durable goods and enhancing retail, recycling, and reverse-logistics opportunities. Its operations span two main segments: DGSE and ECHG, targeting both B2C and B2B markets. Envela aims to contribute to a sustainable circular economy, benefiting consumers and manufacturers alike.

Envela Corporation (NYSE American: ELA) was recognized as the 23rd fastest-growing company in North Texas by the Dallas Business Journal's Middle Market 50 list. This achievement highlights the company's robust revenue growth over the last three years, specifically among firms with annual revenues between $10 million and $1 billion. Allison DeStefano, Executive Vice President, emphasized the honor as a reflection of Envela's positive workplace culture and commitment to sustainable re-commerce.