| Market Capitalization (Millions $) |
365 |
| Shares
Outstanding (Millions) |
26 |
| Employees |
276 |
| Revenues (TTM) (Millions $) |
291 |
| Net Income (TTM) (Millions $) |
21 |
| Cash Flow (TTM) (Millions $) |
18 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
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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