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 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 per diluted share of $0.27. For the quarter ended December 31, 2023, the Company reported revenue of $36.7 million and quarterly earnings per diluted share of $0.05.Management...

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Envela Corporation Holds Annual Shareholders Meeting

IRVING, TX / June 23, 2023 / Envela Corporation (NYSE American: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,...

Envela Set to Rejoin Russell 3000® Index

DALLAS, TX / May 22, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), a leading provider of re-commerce services, enabling a better world by extending the useful lives of goods within the circular economy, is set to rejoin the broad-market...

Envela Reports Stellar First Quarter 2023 Financial Results

DALLAS, TX / ACCESSWIRE / May 3, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its first quarter ended March 31, 2023. The Company posted record revenue for the March quarter of $48.4 million, and...

Envela CEO to Participate in Fireside Chat and Q&A

LAS VEGAS, NV / ACCESSWIRE / April 13, 2023 / Today, Envela Corporation (NYSE American:ELA) - the North American re-commerce leader - announced that its CEO, John Loftus, will participate in a live fireside chat moderated by Ryan Irvine, to discuss the company's...

Envela Advances Re-commerce Revolution with Retail Expansion Plans

LAS COLINAS, TX / ACCESSWIRE / April 6, 2023 / Today, Envela Corporation (NYSE American:ELA) - the North American re-commerce leader - announced that as part of its quest to double its retail business in the next two years it expects to open at least 4 new retail...

Envela Board Authorizes Repurchase of up to 1 Million Shares

IRVING, TX / ACCESSWIRE / March 17, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American re-commerce leader, today announced that its Board of Directors authorized a share repurchase program for up to 1 million shares of its...

Envela Reports Fiscal Year 2022 Financial Results

DALLAS, TX / ACCESSWIRE / March 16, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its fourth quarter and full-year ended December 31, 2022. Annual revenue was $182.7 million, up 30 percent year over...