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 Third Quarter 2024 Financial Results
IRVING, TX / 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...
Envela Set to Join Russell 3000 and Russell Microcap Indexes
DALLAS, TX / June 8, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it is set to join the broad-market Russell 3000 and the Russell Microcap Indexes at the conclusion of the 2020 Russell indexes' annual reconstitution,...
Argus Equity Report Raises Envela Valuation to $5 Per Share
DALLAS, TX / June 8, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that Steve Silver, analyst for Argus Research Co., a leading independent equity research firm since 1934, feels valuation of Envela remains compelling even though...
ENVELA Announces Record Quarter: Net Profits More than Triple Over Previous Year
DALLAS, TX / May 12, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced its financial results for the quarter ending March 31, 2020, which included $25.8 million in revenue; $1,174,149 in net income; and $.04 earnings per basic...
Envela to Announce First Quarter 2020 Financial Results on Tuesday, May 12, 2020
DALLAS, TX / May 6, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it plans to report its financial results for the first quarter before the market opens on Tuesday, May 12, 2020. About Envela Envela and its subsidiaries...
ENVELA To Donate Proceeds from Custom Silver Bars to Help Kids Continue Learning During Pandemic
DALLAS, TX / April 13, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that it will donate all net proceeds from the sale of its new, custom-minted 10 oz silver bars to support COVID-19 relief efforts. Funds raised will...
Envela Subsidiary DGSE Announces Physical Silver Bullion Available for Sale
DALLAS, TX / April 1, 2020 / DGSE, LLC ("DGSE"), a subsidiary of Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that its Bullion Express and Dallas Gold & Silver Exchange brands have secured 5,000 troy ounces of silver-bullion...
Envela Corporation Reports Extraordinary Fiscal 2019 Results
DALLAS, TX / March 24, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced its financial results for the year ended December 31, 2019, which included $82.0 million in revenues; $2,780,713 net income; and $0.10 earnings per diluted...
Envela Announces Extension and Increase of Credit Facility with Texas Bank & Trust
DALLAS, TX / March 9, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that Texas Bank & Trust Company has increased its credit facility to $3.5 million and extended its maturity date two years. The untapped financing will...
Envela to Announce Fourth Quarter and Fiscal Year 2020 Financial Results on Tuesday, March 24, 2020
DALLAS, TX / March 9, 2020 / 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 24, 2020. About Envela Envela...
CExchange to offer Envela Subsidiary Opportunity to Significantly Diversify Customer Base and Offerings
DALLAS, TX / February 28, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that it is excited about its subsidiary's investment into the future development of CExchange. As consumers are becoming more aware of how used devices...