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 2024 Financial Results
DALLAS, TX / August 7, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its second quarter ended June 30, 2024. The Company reported quarterly revenue of $45.3 million and quarterly earnings per diluted share of $0.06.Management Commentary"We are thrilled to share that our Commercial Division achieved a new revenue record for the June quarter, totaling $13.3 million, which is up...
Argus Equity Report Raises Envela Valuation to $7 Per Share
DALLAS, TX / September 9, 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 Envela remains uniquely positioned for...
Envela Seeks Another Recommerce Acquisition
DALLAS, TX / August 11, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that its wholly owned subsidiary DGSE, LLC has begun discussions to acquire the business assets of Bluebonnet Sterling, LLC. No definitive agreement has...
Envela to Announce Second Quarter 2020 Financial Results on Thursday, August 6, 2020
DALLAS, TX / August 3, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it plans to report its financial results for the second quarter before the market opens on Thursday, August 6, 2020. About Envela Envela and its...
Recommerce Company to Open Store in Grapevine as Part of Continued Retail Expansion
DALLAS, TX / June 30, 2020 / DGSE, LLC ("DGSE"), a subsidiary of Envela Corporation (NYSE American: ELA) ("Envela" or the "Company"), announced today that it has signed an agreement for the purchase of a retail building for its next Dallas Gold & Silver Exchange...
Envela Added to Membership of Russell 3000 Index
DALLAS, TX / June 28, 2020 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it has been added as a member of the broad-market Russell 3000 Index, effective after the US market opens on June 29, as part of the 2020 Russell indexes...
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...