Welcome to our dedicated page for Envela news (Ticker: ELA), a resource for investors and traders seeking the latest updates and insights on Envela stock.
Envela Corporation operates a re-commerce business focused on reuse, recycling and secondary-market value recovery. Company news commonly covers quarterly and annual results across its Consumer and Commercial segments, including revenue trends, gross margin, liquidity management, inventory discipline and capital allocation.
The Consumer segment includes retail stores and online platforms for premium brands and luxury hard assets such as jewelry, diamonds, gemstones, fine watches, rare coins, bullion, gold, silver and other precious metals. The Commercial segment provides re-commerce and asset-disposition services, including IT asset disposition, device trade-in, product returns and end-of-life services for enterprise customers.
Envela Corporation (NYSE:ELA) reported strong Q2 2025 financial results, with revenue reaching $54.9 million and earnings per diluted share of $0.11, marking significant growth from the previous year. The company's operating income surged 70.5% year-over-year, driven by robust performance in both consumer and commercial segments.
The Consumer Division generated revenue of $43.2 million with a 10.8% gross margin, while the Commercial Division recorded $11.7 million in revenue with an impressive 66.1% gross margin. The company's cash position strengthened to $22.9 million, with net cash increasing 38.4% to $9.8 million. Additionally, Envela continued its share repurchase program, buying back 20,163 shares for $118.7 thousand during the quarter.
[ "Operating income grew 70.5% year-over-year to $3.3 million", "Net income increased 76% to $2.8 million, with EPS doubling to $0.11", "Commercial Division achieved strong 66.1% gross margin, up from 55.4%", "Cash and equivalents increased to $22.9 million from $20.6 million", "Inclusion in the Russell 2000 Index, reflecting company growth" ]Envela Corporation (NYSE:ELA) has achieved a significant milestone by being added to the US small-cap Russell 2000® Index, effective June 30, 2025. This inclusion, which will remain in place for one year, comes as part of the 2025 Russell indexes reconstitution and is based on the company's membership in the broader Russell 3000® Index.
The addition is expected to increase Envela's visibility among institutional investors, with approximately $10.6 trillion in assets being benchmarked against Russell US indexes as of June 2024. The company will also be automatically included in the appropriate growth and value indexes.
Envela Corporation (ELA) has announced its dual listing on the newly launched NYSE Texas exchange, while maintaining its primary listing on the NYSE American under the same ticker symbol ELA. As a Founding Member of NYSE Texas, Envela is supporting the launch of this fully electronic equities exchange based in Dallas.
The company's CEO, John Loftus, emphasized Texas's resilient economy and entrepreneurial spirit as key factors in their decision. NYSE Group's Chief Development Officer, Chris Taylor, welcomed Envela's support for the new exchange, highlighting how NYSE Texas enables companies to leverage the state's pro-business environment.
Envela (ELA) reported its Q4 and FY 2024 financial results, achieving annual revenue of $180.4 million with earnings per diluted share of $0.26. Q4 revenue reached $48.3 million with quarterly EPS of $0.06.
The company expanded its retail presence by nearly doubling store locations to 12 by year-end. The Consumer Division posted FY revenue of $130.5 million, while the Commercial Division generated $49.9 million. Notable achievements include record net cash position of $7.1 million and Commercial Division's adjusted EBITDA reaching all-time high of $9.0 million.
Gross profit margin improved to 24.6% for FY 2024, up from 23.8% in 2023. The company maintained strong liquidity with cash and equivalents of $20.6 million as of December 31, 2024. Under its share repurchase program, Envela bought back 916,597 shares for $2.4 million during 2024.
Envela (ELA) has scheduled the release of its fourth quarter and fiscal year 2024 financial results for Wednesday, March 26, 2025, after market close. The company maintains regular investor communications through its corporate website envela.com, where stakeholders can access press releases, quarterly investor presentations, SEC filings, corporate governance information, and annual shareholder meeting details.
Envela reported Q3 2024 financial results with record revenue of $46.9 million, up 27.2% year-over-year. The company achieved earnings per diluted share of $0.06, with gross margin increasing 17.8% and operating income rising 3.6% compared to Q3 2023. The Consumer Division revenue grew 25.6% to $33.8 million, while the Commercial Division saw a 31.5% increase to $13.1 million. Despite revenue growth, gross margin decreased to 24.4% from 26.4% year-over-year. The company maintained strong liquidity with $17.8 million in cash and reduced long-term debt to $13.8 million.
Envela has scheduled its third quarter 2024 financial results announcement for Tuesday, November 5, 2024, after market close. The announcement will provide insights into the company's financial performance for Q3 2024.
Four Nines, an innovative retail concept from Envela , announces the grand opening of two new stores in San Antonio, Texas on October 15, 2024. Located at 8597 Blanco Road and 17641 Bulverde Road, these stores offer premium products at accessible prices, focusing on sustainability and value.
The Blanco store spans 5,000 square feet, while the Bulverde store covers 4,300 square feet. Four Nines currently operates 12 units across three states, with plans for expansion in 2024. To celebrate the openings, the first 50 customers making a minimum purchase of $30 on October 18th and 19th will receive a commemorative 9999 silver coin.
Both stores will be open Monday through Saturday from 10 a.m. to 6 p.m., offering a unique shopping experience for quality jewelry at affordable prices.