Envela Stock Price, News & Analysis

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.

Envela Corporation (NYSE American: ELA), a leader in the re-commerce sector, will participate in Lake Street Capital Markets' 6th Annual Best Ideas Growth (BIG6) Conference on September 14, 2022. CEO John Loftus will represent the company at this exclusive event held at The Yale Club in New York City. Investors can schedule meetings with management during the conference. Envela operates two main segments: DGSE for luxury goods and ECHG for IT equipment. The company emphasizes sustainability through a circular economy, benefiting both consumers and manufacturers.

Envela Corporation (NYSE American: ELA) reported a 78.7% increase in net income for Q2 2022, reaching $3.85 million, compared to $2.15 million in Q2 2021. Total revenue was $42.6 million, up from $33.7 million year-over-year. The DGSE subsidiary generated $30.3 million in revenue, with resale sales accounting for $28.2 million. ECHG subsidiary reported $12.3 million in revenue. Consolidated gross profit rose to $11.5 million from $7.1 million. Earnings per share increased to $0.14 from $0.08.