Company Description
Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States.
The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.
The company buys to resell or recycle luxury hard assets, including jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver and other precious metals; buys and sells various forms of gold, silver, platinum, and palladium products, including United States and other government coins, and private mint medallions, as well as numismatic items, such as rare coins, currency, medals, tokens, and other collectibles; and provides jewelry and watches repair services, as well as custom jewelry services.
In addition, it offers end-of-life electronics recycling services; disposal transportation and product tracking services; IT equipment disposition services, including compliance and data sanitization services; services to companies in the areas of upgrade capabilities and dispose of equipment; and asset- disposition solutions to government agencies, middle-market firms, major corporations, and other organizations.
The company operates multiple brick-and-mortar and online marketplaces; and offers custom re-commerce solutions to meet the needs of various clients.
It operates through DGSE.com, echoenvironmental.com, ITADUSA.com, teladvance.com and AvailRecovery.com.
websites. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019.
Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.
| Country | United States |
| Founded | 1965 |
| Industry | Luxury Goods |
| Sector | Consumer Discretionary |
| Employees | 288 |
| CEO | John Loftus |
Contact Details
Address: 1901 Gateway Drive, Suite 100 Irving, Texas 75038 United States | |
| Phone | 972 587 4049 |
| Website | envela.com |
Stock Details
| Ticker Symbol | ELA |
| Exchange | NYSEAMERICAN |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000701719 |
| CUSIP Number | 29402E102 |
| ISIN Number | US29402E1029 |
| Employer ID | 88-0097334 |
| SIC Code | 5944 |
Key Executives
| Name | Position |
|---|---|
| John Richardson Loftus | Chairman, Chief Executive Officer and President |
| John DeLuca | Chief Financial Officer, Secretary and Treasurer |
| Joel S. Friedman | Chief Information Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Aug 7, 2024 | 10-Q | Quarterly Report |
| Jul 3, 2024 | 8-K | Current Report |
| May 10, 2024 | 8-K | Current Report |
| May 8, 2024 | 10-Q | Quarterly Report |
| Apr 30, 2024 | DEF 14A | Other definitive proxy statements |
| Apr 3, 2024 | 8-K | Current Report |
| Mar 21, 2024 | 10-K | Annual Report |
| Nov 8, 2023 | 10-Q | Quarterly Report |
| Aug 2, 2023 | 10-Q | Quarterly Report |
| Jun 27, 2023 | 8-K | Current Report |