Press Releases

We are constantly working towards making the world a better place through recommerce. That’s why we’re excited to share what’s happening at Envela through our press releases.

Following a Planned Succession Process, Envela Appoints John DeLuca as Chief Financial Officer

Former CFO Remains as Strategic AdvisorDALLAS, TX / March 21, 2024 / Envela Corporation (NYSE American: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...

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Envela Reports Fourth Quarter and Fiscal Year 2023 Results

DALLAS, TX / March 20, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its fourth quarter and full year ended December 31, 2023. The Company reported annual revenue of $171.7 million and annual earnings...

Envela Reports Third Quarter 2023 Financial Results

DALLAS, TX / November 8, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today reported financial results for its third quarter ended September 30, 2023. The Company posted revenue for the third quarter of $36.3 million, and quarterly...

Envela Expands Vertically with Acquisition

SCOTTSDALE, AZ / September 14, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced that it has entered into an agreement to acquire Steven Kretchmer, Inc., a well-established jewelry manufacturer, which will help diversify and...

Envela Hires Claudia Kretchmer to Lead Jewelry Design

SCOTTSDALE, AZ / September 13, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today announced that Claudia Kretchmer has been named as Artistic Director of Jewelry for its Consumer Division. In this newly created role, Kretchmer will direct...

Envela to Participate in the B. Riley Securities Consumer Conference

NEW YORK, NY / September 8, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced the Company will be participating in the B. Riley Securities Consumer Conference being held at the Sofitel Hotel in New York, New York on Thursday,...

Update: Envela Common Stock Repurchases

IRVING, TX / September 6, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced an update on its stock-repurchase program.Through September 5, 2023, the Company has spent more than $1.3M to purchase 224,631 of the 1,000,000 shares...

Envela Reports Second Quarter 2023 Financial Results

DALLAS, TX / August 2, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its second quarter ended June 30, 2023. The Company posted revenue for the June quarter of $50.3 million, and quarterly earnings per...