Envela to Announce First Quarter 2022 Financial Results on Wednesday, May 11, 2022
Envela Corporation (NYSE American: ELA) announced it will report its Q1 2022 financial results on May 11, 2022, after market close. As the North American leader in the re-commerce business, Envela facilitates the resale of specialty goods through its two main segments: DGSE and ECHG. DGSE operates B2C retail channels for luxury assets, while ECHG manages B2B re-commercialization and recycling of consumer electronics. The company emphasizes its role in the circular economy, benefiting both consumers and manufacturers by extending the life cycle of goods.
- Leading position in North American re-commerce market.
- Strong growth recognized across multiple business units.
- None.
IRVING, TX / ACCESSWIRE / April 27, 2022 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American leader in the "re-commerce" business, announced that it plans to report its financial results for the first quarter 2022 after the market close on Wednesday, May 11, 2022.
About Envela
Envela is the North American re-commerce leader, enabling a better world via the circular economy. It empowers buyers and sellers to extend the useful life of specialty and durable goods, and to seize retail, recycling, and reverse-logistics supply-chain opportunities. This financially benefits consumers and manufacturers alike. Envela operates primarily via two re-commerce business segments, DGSE and ECHG. DGSE (Envela's B2C portfolio) operates retail stores and online sites offering luxury hard assets and precious metals, including gold, silver, and diamonds. ECHG (Envela's B2B portfolio) re-commercializes consumer electronics and IT equipment, and also provides end-of-life recycling services for products in a variety of industries. Envela conducts its re-commerce operations at retail and wholesale levels, through distributors, resellers, dedicated stores, and online. Holdings in all of Envela's business units have recognized multiple years of growth.
Additional information about Envela is available at its investor-relations site, Envela.com.
Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, including statements regarding the potential future success of business lines and strategies. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, market conditions and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.
Investor Relations Contact:
Investor Relations
1901 Gateway Drive | Irving, TX 75038
investorrelations@envela.com
SOURCE: Envela Corporation
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