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DALLAS, TX / ACCESSWIRE / April 30, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that it plans to report its financial results for the first quarter 2024 after the market close on Wednesday, May 8, 2024. About Envela Envela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online...

Former CFO Remains as Strategic Advisor DALLAS, TX / ACCESSWIRE / March 21, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that after seven years as the Company's Chief Financial Officer, Bret Pedersen is stepping down. Following a planned succession process, John DeLuca will be appointed as the new CFO, beginning March 25, 2024. DeLuca currently serves as the company's Vice President of Finance and Commercial Segment Controller. As CFO, he will report...

DALLAS, TX / ACCESSWIRE / 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 Commentary Consumer Division "Despite a...

DALLAS, TX / ACCESSWIRE / March 4, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that it plans to report its financial results for the fourth quarter and fiscal year 2023 after the market close on Wednesday, March 20, 2024. About Envela Envela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail...

DALLAS, TX / ACCESSWIRE / November 8, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today reported financial results for its third quarter ended September 30, 2023. The Company posted revenue for the third quarter of $36.3 million, and quarterly earnings per diluted share of $0.06. John Loftus, Chairman and CEO of Envela said, "During the quarter we made progress advancing our long-term growth strategy, particularly on the consumer side of our business where we...

IRVING, TX / ACCESSWIRE / November 3, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced that it plans to report its financial results for the third quarter ended September 30, 2023 after the market close on Wednesday, November 8, 2023. About Envela Envela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates...

SCOTTSDALE, AZ / ACCESSWIRE / September 14, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced that it has entered into an agreement to acquire Steven Kretchmer, Inc., a well-established jewelry manufacturer, which will help diversify and enhance Envela's Consumer Division. Under the terms of the agreement, Claudia Kretchmer and the current Kretchmer management team will continue to lead the company. The transaction will be funded by cash on hand. After the...

SCOTTSDALE, AZ / ACCESSWIRE / September 13, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today announced that Claudia Kretchmer has been named as Artistic Director of Jewelry for its Consumer Division. In this newly created role, Kretchmer will direct the Company's design of sustainable jewelry and luxury accessories. "Claudia is a highly accomplished and widely recognized designer in the jewelry industry, with an impressive work portfolio and profound understanding...

NEW YORK, NY / ASSESSWIRE / September 8, 2023 / Envela Corporation (NYSE American: ELA ) ("Envela" or the "Company") today announced the Company will be participating in Lake Street Capital Markets' 7th Annual Best Ideas Growth (BIG7) Conference on Thursday, September 14, 2023. The conference is being held at The Yale Club in New York City. Management will be available for one-on-one and group meetings with investors throughout the day. Click here to receive additional information, about Lake...

NEW YORK, NY / ACCESSWIRE / September 8, 2023 / Envela Corporation (NYSE American: ELA ) ("Envela" or the "Company") today announced the Company will be participating in the B. Riley Securities Consumer Conference being held at the Sofitel Hotel in New York, New York on Thursday, September 14, 2023. The Chief Executive Officer of the company, John Loftus, will be a part of an Analyst Hosted RoundTable with Jeff Van Sinderen at 4:15 p.m. Eastern Time. Additionally, one-on-one investor meetings...

IRVING, TX / ACCESSWIRE / September 6, 2023 / Envela Corporation (NYSE American: ELA ) ("Envela" or the "Company") today announced an update on its stock-repurchase program. Through September 5, 2023, the Company has spent more than $1.3M to purchase 224,631 of the 1,000,000 shares of common stock authorized for repurchase under its current repurchase program. The Company has the option to purchase the remaining 775,369 shares at any time prior to the program's March 31, 2023, expiration. Under...

DALLAS, TX / ACCESSWIRE / August 2, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its second quarter ended June 30, 2023. The Company posted revenue for the June quarter of $50.3 million, and quarterly earnings per diluted share of $0.06. John Loftus, Chairman and CEO of Envela said, "We had a good quarter and we delivered strong results. We believe we are well positioned to continue advancing our business in 2023 and remain...

IRVING, TX / ACCESSWIRE / July 27, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced that it plans to report its financial results for the second quarter 2023 after the market close on Wednesday, August 2, 2023. About Envela Envela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online...

IRVING, TX / ACCESSWIRE / 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, Allison DeStefano, Alexandra Griffin, Richard Schepp, and Jim Ruth to the board of directors for one-year terms, with an average vote in favor of more than 97 percent of the votes cast. A proposal to ratify the...

BEVERLY HILLS, CA / ACCESSWIRE / May 23, 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, announced that it will participate in the upcoming B. Riley Securities 23rd Annual Institutional Investor Conference on Wednesday, May 24, 2023, at the Beverly Hilton Hotel in Beverly Hills, California. The Chief Executive Officer of the company,...

DALLAS, TX / ACCESSWIRE / 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 Russell 3000 ® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Annual Russell indexes...

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 quarterly earnings per diluted share of $0.09. Management Commentary "We are thrilled to report our results for the first quarter, which exceeded expectations and set new records for our company," said John Loftus, Envela's Chairman and...

IRVING, TX / ACCESSWIRE / May 1, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American leader in the "re-commerce" business, announced that it plans to report its financial results for the first quarter 2023 after the market close on Wednesday, May 3, 2023. About Envela Envela is the North American re-commerce leader, enabling a better world through the circular economy. It empowers buyers and sellers to extend the useful lives of specialty and durable...

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 strategic initiatives and outlook. This will take place during the Planet MicroCap Showcase in Las Vegas. Where and When Planet MicroCap Showcase: VEGAS 2023 Horseshoe Hotel & Casino in Las Vegas Wednesday, April 26, 2023 - 1:30 PM...

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 stores by the end of the third quarter this year. The first of these is planned for Phoenix, Arizona. Such brick-and-mortar locations intended for new markets will complement the Company's existing footprint in Dallas and Charleston....