Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components. The company also buys and sells various forms of gold, silver, platinum, and palladium products, including United States and other government coins, private mint medallions, art bars, and trade unit bars; and numismatic items, such as rare coins, currency, medals, tokens, and other collectibles, as well as provides jewelry and watches repair services. In addition, it offers end-of-life electronics recycling services; IT-asset disposition services; and services to companies in the areas of software upgrades, and hardware or networking capabilities, as well as moving to cloud services. As of December 31, 2020, Envela Corporation marketed its products and services through six retail locations under various banners, including Charleston Gold & Diamond Exchange, and Dallas Gold & Silver Exchange, as well as through cgdeinc.com, dgse.com, echoenvironmental.com, ITADUSA.com, and teladvance.com e-commerce sites. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.
IPO Year:
Exchange: AMEX
Website: envela.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/28/2021 | $10.00 | Buy | Lake Street |
CERT - Envela Corp (0000701719) (Filer)
8-A12B - Envela Corp (0000701719) (Filer)
10-Q - Envela Corp (0000701719) (Filer)
DEF 14A - Envela Corp (0000701719) (Filer)
8-K - Envela Corp (0000701719) (Filer)
8-K - Envela Corp (0000701719) (Filer)
10-K - Envela Corp (0000701719) (Filer)
8-K - Envela Corp (0000701719) (Filer)
10-Q - Envela Corp (0000701719) (Filer)
10-Q - Envela Corp (0000701719) (Filer)
SAN ANTONIO, TX / ACCESSWIRE / October 15, 2024 / Four Nines, the innovative retail concept from Envela Corporation, is excited to announce the grand opening of its newest two stores in San Antonio, Texas, at 8597 Blanco Road and 17641 Bulverde Road. The Bulverde store had a soft opening over the past couple of weeks, and both stores will officially open their doors on Tuesday, October 15th, bringing a fresh and unique shopping experience to the local community.With a commitment to sustainability and value, Four Nines aims to provide customers with an opportunity to shop for premium products at accessible prices. The stores' name, Four Nines, reflects the quality of their merchandise, reflec
Former CFO Remains as Strategic AdvisorDALLAS, TX / ACCESSWIRE / March 21, 2024 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), announced today that after seven years as the Company's Chief Financial Officer, Bret Pedersen is stepping down. Following a planned succession process, John DeLuca will be appointed as the new CFO, beginning March 25, 2024.DeLuca currently serves as the company's Vice President of Finance and Commercial Segment Controller. As CFO, he will report directly to Envela's CEO, John Loftus. Pedersen will transition to a new role within Envela, serving as Vice President and Strategic Advisor until the end of 2024.Loftus said of Pedersen, "Bret has been an exce
IRVING, TX / ACCESSWIRE / June 23, 2023 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), today held its annual shareholders meeting. Following are the preliminary results for the two proposals voted upon by shareholders:Envela shareholders elected John Loftus, Allison DeStefano, Alexandra Griffin, Richard Schepp, and Jim Ruth to the board of directors for one-year terms, with an average vote in favor of more than 97 percent of the votes cast.A proposal to ratify the appointment of Whitley Penn LLP as Envela's independent registered public accounting firm for fiscal year 2023 received more than 99 percent of the votes cast.Envela's 10-K, proxy, and information about the company's
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Lake Street initiated coverage of Envela with a rating of Buy and set a new price target of $10.00
IRVING, TX / ACCESSWIRE / November 5, 2024 / Envela Corporation today reported financial results for its third quarter ended September 30, 2024. The Company reported quarterly revenue of $46.9 million and quarterly earnings per diluted share of $0.06.Management Commentary"Today, we are excited to announce a new third-quarter revenue record of $46.9 million, reflecting a 27.2 percent increase compared to last year. This achievement highlights the dedication of our exceptional people, who remain focused on building a solid foundation for outstanding growth," said John Loftus, Envela's CEO. "Our teams work hard to deliver extraordinary value to our clients; they are the backbone of our company
IRVING, TX / ACCESSWIRE / October 29, 2024 / Envela Corporation announced today that it plans to report its financial results for the third quarter of 2024 after the market closes on Tuesday, November 5, 2024.About EnvelaEnvela Corporation (NYSE American:ELA), a leading provider of re-commerce services, is at the forefront of the circular economy. The company is comprised primarily of two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online sites that offer premium brands and luxury hard assets, while the Commercial segment provides personalized re-commerce solutions to meet the needs of various clients, including Fortune 500 companies. We ex
SAN ANTONIO, TX / ACCESSWIRE / October 15, 2024 / Four Nines, the innovative retail concept from Envela Corporation, is excited to announce the grand opening of its newest two stores in San Antonio, Texas, at 8597 Blanco Road and 17641 Bulverde Road. The Bulverde store had a soft opening over the past couple of weeks, and both stores will officially open their doors on Tuesday, October 15th, bringing a fresh and unique shopping experience to the local community.With a commitment to sustainability and value, Four Nines aims to provide customers with an opportunity to shop for premium products at accessible prices. The stores' name, Four Nines, reflects the quality of their merchandise, reflec
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Envela Corporation (NYSE:ELA), a leading re-commerce company, today announced that management will present at the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference in New York City. The conference is being held at The Yale Club on Thursday, September 12, 2024.Management, including the leadership of its consumer division, will conduct one-on-one meetings with institutional investors to discuss its Four Nines™, Bijoux Exchange™, and Bullion Express™ brands, as well as its recent entry into new markets and the expansion of its footprint in Texas, as part of its retail growth strategy.Interested conference attendees can email
DALLAS, TX / ACCESSWIRE / August 7, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its second quarter ended June 30, 2024. The Company reported quarterly revenue of $45.3 million and quarterly earnings per diluted share of $0.06.Management Commentary"We are thrilled to share that our Commercial Division achieved a new revenue record for the June quarter, totaling $13.3 million, which is up 16.2 percent from a year ago," said John Loftus, Envela's CEO. "Additionally, during the quarter, we were excited to announce updates to our Consumer Division's retail store launches, including Four Nines™, our retail concept focusing on the
DALLAS, TX / ACCESSWIRE / July 31, 2024 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), announced today that it plans to report its financial results for the second quarter 2024 after the market close on Wednesday, August 7, 2024.About EnvelaEnvela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online sites that offer premium brands and luxury hard assets, while the Commercial segment provides personalized re-commerce solutions to meet the needs of various clients, including Fortune 500 companies. We execu
PHOENIX, AZ / ACCESSWIRE / June 24, 2024 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company") announced today that its innovative retail brand, Four Nines™, opened its latest store in Phoenix, Arizona."As we continue to expand our retail presence, our team remains laser focused on delivering exceptional experiences and value for our customers. Our store experience is defined by our team of experts and exceptional services, distinguishing us from others in the industry. We are excited to announce the opening of our largest store in Arizona, which will provide an expanded range of products and services for both buyers and sellers," stated Allison DeStefano, Head of Envela's Consumer Div
DALLAS, TX / ACCESSWIRE / May 20, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced the unveiling of its inaugural Four Nines retail store in Gilbert, Arizona. This launch showcases the Company's commitment to bringing physical retail marketplaces for authenticated luxury goods to new communities across the United States."We are incredibly excited to open our doors in Arizona and welcome the local community to experience Four Nines firsthand. Our decision to open our first retail store in Gilbert holds profound significance for our brand - by opening this retail location, we are testing and learning as we expand the reach of our brand," said Allison De
DALLAS, TX / ACCESSWIRE / May 17, 2024 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), announced today that it is expanding its lineup this week with the introduction of Bijoux Exchange-an exceptional buyer of pre-owned luxury items in private, pressure-free environments. Bijoux Exchange boutiques will be located inside select Envela stores as "stores within a store.""Drawing on our company's heritage, we are delighted to introduce Bijoux Exchange, our new take on a concept at the heart of our brand," said Allison DeStefano, Head of Envela's Consumer Division. "The core of our strategy has always been to be an information resource for clients, bring transparency to transactions,
DALLAS, TX / ACCESSWIRE / May 8, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its first quarter ended March 31, 2024. The Company reported quarterly revenue of $39.9 million and quarterly earnings per diluted share of $0.07.Management Commentary"I am immensely proud of our teams throughout the Company for their resourcefulness, passion, and steadfast dedication to our customers. Despite challenging economic conditions impacting consumer discretionary spending, we are well-positioned to continue executing on our strategic initiatives. The Company's capital position demonstrates the strength of our business model and allows us
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