$13.790
-0.139 (-1.01%)At close
ELA News
ELA Events
Company Reports Q4 Revenue of $80.5M
Reports Q4 revenue $80.5M vs. $48.3M last year. Consumer results were driven by favorable bullion market conditions and strong holiday sales, while commercial growth benefited from its IT Asset Disposition platform and solid outbound shipments. "We are proud to report a strong 2025, with solid growth across both our Consumer and Commercial segments," said CEO John Loftus.
Envela added to membership of US small-cap Russell 2000 Index
Envela Corporation was added as a member of the US small-cap Russell 2000 Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. Membership, based on inclusion in the Russell 3000 Index, remains for one year. CFO John DeLuca stated the inclusion reflects the company's performance and will elevate visibility with institutional investors.
Envela announces dual listing on NYSE Texas
Envela announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange based in Dallas. The company will maintain its primary listing on the NYSE American and will trade under the same ticker symbol on NYSE Texas.
Envela reports Q4 EPS 6c vs. 5c last year
Reports Q4 revenue $$48.32M, consensus $40.63M. "As we look ahead, we remain focused on creating value for our customers, employees, and shareholders, while continuing to build on the momentum we've established in both segments. We are confident that our ongoing commitment to innovation, customer engagement, and operational excellence will drive continued growth and value for our stakeholders," Loftus concluded. "As Envela enters its 60th year, we are proud to celebrate six decades of growth, success, and the unwavering commitment of our employees, customers, and stakeholders," said John DeLuca, Envela's CFO. "Fiscal year 2024 was a landmark year for us, highlighted by a record net cash position of $7.1 million, reflecting our strong operating cash flow and disciplined approach to capital management. This solid financial foundation empowers us to continue driving our growth initiatives while maintaining financial flexibility." "We are especially pleased with the performance of our commercial segment, where adjusted EBITDA reached an all-time high of $9.0 million, fueled by continued growth in our ITAD business through expanded asset sourcing and enhanced service relationships. On the consumer side, we successfully opened 5 new stores, bringing our total to 12 locations by year-end. Though these stores were operational for only the latter half of the year, this expansion contributed to a 6.4% year-over-year increase in gross margin, reaching $44.3 million." "Looking ahead, we want to continue building on the momentum of eight consecutive years of net income. And we're excited to continue engaging with the investment community as we position Envela for long-term success," DeLuca concluded.
Four Nines announces grand openings in San Antonio
Four Nines announced the grand opening of its newest two stores in San Antonio, Texas, at 8597 Blanco Road and 17641 Bulverde Road. The Bulverde store had a soft opening over the past couple of weeks, and both stores will officially open their doors on Tuesday, October 15th, bringing a fresh and unique shopping experience to the local community.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.