CSIMarket Company Name, Ticker, Industry, else..
 
Envela Corporation  (NYSEAMER: ELA)
Other Ticker:  
 
    Sector • Retail    Industry • Specialty Retail
   Industry • Specialty Retail
   Sector • Retail
 
Price: $7.3900 $0.03 0.408%
Day's High: $7.39 Week Perf: 5.57 %
Day's Low: $ 7.23 30 Day Perf: 25.89 %
Volume (M): 3 52 Wk High: $ 7.49
Volume (M$): $ 24 52 Wk Avg: $4.95
Open: $7.23 52 Wk Low: $4.15



 Market Capitalization (Millions $) 193
 Shares Outstanding (Millions) 26
 Employees 600
 Revenues (TTM) (Millions $) 167
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 4

Envela Corporation
Envela Corporation, formerly DGSE Companies, Inc., is a publicly traded company that operates in the precious metals and luxury goods markets. It is headquartered in Dallas, Texas, and was founded in 1965. The company has multiple subsidiaries, including Dallas Gold and Silver Exchange, Charleston Gold & Diamond Exchange, and Fairchild International.

The company's primary business focus is on the purchase and sale of precious metals, including gold, silver, platinum, and palladium, as well as vintage watches, rare coins, and antique jewelry. Envela Corporation sources its products from individual sellers, estate sales, and auctions, allowing the company to offer a wide variety of products to its customers.

Envela Corporation also offers refining services for precious metals. The company's refining division uses specialized processes to extract precious metals from a wide range of materials, including jewelry, dental scrap, and electronic waste.

The company's retail operations are primarily conducted through its flagship retail store, Dallas Gold and Silver Exchange, which has been in operation for over 50 years. The company also has an online store, DGSE.com, which offers a broad range of products and services.

Envela Corporation has also expanded its operations into the pawnshop industry, with the acquisition of Charleston Gold & Diamond Exchange. This subsidiary offers pawn lending and buyback services, allowing customers to secure short-term loans in exchange for collateral such as precious metals, jewelry, and watches.

In addition to its primary operations, Envela Corporation also has a subsidiary, ECHG, which specializes in environmental remediation services. This division offers a range of services, including the removal and disposal of hazardous waste, asbestos abatement, and lead-based paint removal.

Overall, Envela Corporation is a diversified company that operates in multiple industries, with a primary focus on the precious metals and luxury goods markets. The company's broad range of operations and services allows it to provide customers with a unique and comprehensive offering in the precious metals industry.


   Company Address: 1901 Gateway Drive Irving 75038 TX
   Company Phone Number: 587-4049   Stock Exchange / Ticker: NYSEAMER ELA


   

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Envela Corporation

ELA's Net Profit Takes a Nosedive: Company's Earnings Per Share Plummets by 50% in the Third Quarter of 2023

Envela Corporation, a company operating in the unspecified industry, faced significant challenges in the third quarter of 2023, resulting in a decline in its net profit per share. The company witnessed a substantial drop of -50% in net profit per share, falling from $0.12 per share to $0.06 compared to the same quarter the previous year. Furthermore, the earnings per share remained stagnant at $0.06 per share, unchanged from the preceding quarter.
The financial woes extended beyond just the profits. Envela Corporation experienced a sharp decline in revenue, stumbling by -20.938%. The company's revenue plummeted from $45.20 million in the corresponding quarter a year earlier to $35.73 million in the third quarter of 2023. This decrease worsened when compared to the preceding quarter, with a -28.963% drop from $50.30 million.
Envela Corporation

Despite Robust Revenue Growth, Envela Corporation Records Decline in Earnings in Latest Fiscal Period

As a stock market journalist, it is my duty to analyze and interpret the financial results of Envela Corporation. In the second quarter of 2023, the company experienced a noticeable deterioration in its bottom-line, with earnings per share plummeting by -57.14% to $0.06 per share. However, there was a significant revenue growth of 17.973% to $50.30 million, compared to the same period last year.
Envela Corporation outperformed most of its peers in the Specialty Retail industry in terms of top-line growth. While the average top-line growth for businesses in this sector was 8.07% relative to the second quarter of 2022, Envela Corporation's revenue increased by 3.956% from $48.39 million. Despite this positive trend, net earnings saw a decline of -58.32% from $3.848 million in the corresponding period a year ago, with net margin easing to 3.19%.
The company's focus on improving sales was evident in its financial performance, but it came at the expense of inventories and supplies. The level of inventories and supplies increased to $21.5 million, compared to the preceding quarter and the corresponding quarter a year ago. This build-up may require careful management in the coming quarters to avoid any negative impact on the company's financial health.
Envela Corporation

Envela Corporation declared that revenue went up slight, during the fiscal span ending March 31 2023

Envela Corporation, a company that specializes in the buying, selling, and recycling of precious metals, has reported a mixed set of financial results for the fiscal span ending March 31 2023. Despite an increase in revenue of 2.054% to $48.39 million, there was a significant decline in net income of 10%, dropping from $2.647 million in the corresponding period a year before to $2.526 million.
The company's earnings per share (EPS) also suffered, decreasing from $0.22 to $0.09 per share. This drop of 58.74% represents a significant decrease in profitability compared to the previous financial reporting period.
Envela Corporation's revenue figures for the same period indicate an increase of 13.416% compared to the previous year. However, this revenue increase was not enough to offset the decline in net income.
The financial results suggest that Envela Corporation's focus for the fiscal span ending March 31, 2023, was to improve sales. This strategy led to a rise in operating earnings by 10.17% to $3.150248 million. However, the increased emphasis on sales has had a negative effect on the net margin, which has eased to 5.22%.
Despite the mixed results, Envela Corporation is expected to report again on May 10, 2023. The company's financial reporting period ending March 31, 2024, will be the next opportunity to assess the effectiveness of their sales-driven strategy.






Envela's Segments
Consumer segment    71.98 % of total Revenue
Commercial segment    28.02 % of total Revenue





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