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Envela (NYSE American: ELA) reported first-quarter 2024 financial results with quarterly revenue of $39.9 million and earnings per diluted share of $0.07. Despite challenges in the precious-metal bullion market, Envela remains committed to its expansion plans, focusing on store growth and partnerships. The Consumer Division saw revenue decrease by 23.1%, while the Commercial Division experienced a revenue decline as well. Envela's cash position improved, and the company continued its share repurchase program.
Envela (NYSE American: ELA) will announce its first-quarter 2024 financial results on May 8, 2024, after the market closes. Investors are eagerly awaiting the report to gauge the company's performance and financial health.