Envela to Announce Fourth Quarter and Fiscal Year 2020 Financial Results on Tuesday, March 23, 2021

Rhea-AI Summary

Envela Corporation (NYSE American: ELA) announced its plan to report financial results for the fourth quarter and fiscal year 2020 on March 23, 2021, before market opening. The Company operates in the recommerce sector, focusing on luxury hard assets, consumer electronics, and IT equipment, alongside recycling solutions. Envela utilizes its brands like Dallas Gold and Silver Exchange to recommercialize assets, while also providing end-of-life recycling services through Echo Environmental Holdings. Detailed financial performance will be of interest to investors.

Positive

• Scheduled financial results announcement for Q4 and FY 2020 on March 23, 2021.
• Engaged in diverse recommerce activities, indicating potential growth opportunities.

Negative

• None.

DALLAS, TX / ACCESSWIRE / March 8, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it plans to report its financial results for the fourth quarter and fiscal year 2020 before the market opens on Tuesday, March 23, 2021.

About Envela

Envela and its subsidiaries engage in diverse business activities within the recommerce sector. These include recommercializing luxury hard assets, consumer electronics and IT equipment; and end-of-life recycling solutions. Envela assesses its inventory of recommerce purchases for their potential to be refurbished and resold as whole goods, or to be recycled for component parts or precious-metal value. Envela also offers comprehensive recycling solutions for a variety of other companies seeking responsibly to dispose of end-of-life products. Envela operates primarily via two recommerce business segments. Through DGSE, LLC the Company recommercializes luxury hard assets via Dallas Gold and Silver Exchange, Charleston Gold & Diamond Exchange, and Bullion Express brands (collectively, "DGSE"). Through ECHG, LLC, the Company operates Echo Environmental Holdings, ITAD USA Holdings, and Teladvance (collectively, "ECHG"), which recommercialize primarily consumer electronics and IT equipment, and provide end-of-life recycling services for various companies across many industries. Envela conducts its recommerce operations at retail and wholesale levels, through distributors, resellers, dedicated stores and online. The Company also owns and operates other businesses and brands engaged in a variety of activities, as identified herein. Envela is a Nevada corporation, headquartered in Dallas, Texas.

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:

Julianne Jacobs
Investor Relations
Envela Corporation
1901 Gateway Drive Irving, TX 75238
972.587.4030

SOURCE: Envela Corporation

View source version on accesswire.com:
https://www.accesswire.com/633875/Envela-to-Announce-Fourth-Quarter-and-Fiscal-Year-2020-Financial-Results-on-Tuesday-March-23-2021

FAQ

When will Envela report its financial results for the fourth quarter and fiscal year 2020?

Envela will report its financial results on March 23, 2021, before the market opens.

What is Envela Corporation's stock symbol?

Envela Corporation's stock symbol is ELA.

What business activities does Envela Corporation engage in?

Envela engages in recommercializing luxury hard assets, consumer electronics, IT equipment, and provides recycling solutions.

What is the significance of the upcoming financial results for ELA investors?

The financial results will provide insights into the company's performance and future outlook, impacting ELA's stock valuation.