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.

Envela Reports First Quarter 2022 Financial Results

Quarterly Net Income Up 32% Year-over-Year to $2.65 MillionDALLAS, TX / May 11, 2022 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American re-commerce leader, today reported financial results for its first quarter ended March 31, 2022.Management Commentary"The Company's robust first-quarter performance affirms our strategic decision to expand and diversify within the re-commerce space. The momentum we saw...

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Envela Celebrates Earth Day 2022

DALLAS, TX / April 22, 2022 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American re-commerce leader, celebrates Earth Day by joining the global call for substantive progress in meeting urgent environmental challenges, and...

Envela Retail Division Expands Executive Team with Key New Hire

DALLAS, TX / April 19, 2022 / DGSE, LLC ("DGSE"), a subsidiary of Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today announced that Thomas Mathias, an executive with over 25 years of retail real-estate experience, has joined DGSE's leadership...

Envela Reports Fourth Quarter and Fiscal Year 2021 Financial Results

2021 Revenue Up 24% to Record $140.9M, Drives Net Income Over $10.0M DALLAS, TX / March 16, 2022 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its fourth quarter and full-year ended December 31, 2021, which...

Envela Welcomes Richard Schepp to Board of Directors

DALLAS, TX / December 7, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that Richard D. Schepp, former Chief Administrative Officer of Kohl's Corporation (NYSE:KSS), will be appointed to Envela's Board of Directors as an...

Envela Reports Third Quarter 2021 Financial Results

Revenue Up 12% Quarter-over-Quarter to $37.7 Million DALLAS, TX / November 3, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its third quarter ended September 30, 2021. Management Commentary "The third...

Envela Subsidiary Expands Geographically with Acquisition

DALLAS, TX / November 3, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that its wholly owned subsidiary ECHG, LLC has completed its purchase of the assets of Avail Recovery Solutions, LLC, a leader in IT asset recovery...