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 Second Quarter 2022 Financial Results

Quarterly Net Income Up 78.7% Year-over-Year to $3.85 MillionDALLAS, TX / August 3, 2022 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American re-commerce leader, today reported financial results for its second quarter ended June 30, 2022.Management Commentary"This quarter's record performance is a testament to the hard work and relentless focus of our team despite formidable inflationary pressures and other...

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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...

Envela Announces Timing of Its Third Quarter Financial Results

DALLAS, TX / October 27, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced that it plans to report its financial results for the third quarter of 2021 after the market close on Wednesday, November 3, 2021. About Envela Envela and its...

Envela Subsidiary to Acquire Avail Recovery Solutions

DALLAS, TX / August 17, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that its wholly owned subsidiary ECHG, LLC has entered into a definitive agreement to acquire Avail Recovery Solutions, LLC in an all-cash transaction....

Envela Reports Second Quarter 2021 Financial Results

Quarterly Net Income Up 280% Year-over-Year to $2.2 Million DALLAS, TX / August 4, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its second quarter ended June 30, 2021. Management Commentary "We...

Envela Announces Timing of Its Second Quarter Earnings Results

DALLAS, TX / July 31, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced that it plans to report its financial results for the second quarter after the market close on Wednesday, August 4, 2021. About Envela Envela and its...

Envela Expands Electronics-Trade-In Capabilities with Acquisition

DALLAS, TX / June 10, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that its subsidiary CEX Holdings, LLC ("CEX") has purchased the assets of CExchange LLC, a leader in electronics-trade-in services for retailers. Envela...