Envela Reports Fourth Quarter and Fiscal Year 2024 Financial Results
Envela (ELA) reported its Q4 and FY 2024 financial results, achieving annual revenue of $180.4 million with earnings per diluted share of $0.26. Q4 revenue reached $48.3 million with quarterly EPS of $0.06.
The company expanded its retail presence by nearly doubling store locations to 12 by year-end. The Consumer Division posted FY revenue of $130.5 million, while the Commercial Division generated $49.9 million. Notable achievements include record net cash position of $7.1 million and Commercial Division's adjusted EBITDA reaching all-time high of $9.0 million.
Gross profit margin improved to 24.6% for FY 2024, up from 23.8% in 2023. The company maintained strong liquidity with cash and equivalents of $20.6 million as of December 31, 2024. Under its share repurchase program, Envela bought back 916,597 shares for $2.4 million during 2024.
Envela (ELA) ha riportato i risultati finanziari per il quarto trimestre e l'anno fiscale 2024, raggiungendo un fatturato annuo di 180,4 milioni di dollari con un utile per azione diluito di 0,26 dollari. Il fatturato del quarto trimestre ha raggiunto i 48,3 milioni di dollari con un EPS trimestrale di 0,06 dollari.
L'azienda ha ampliato la sua presenza al dettaglio quasi raddoppiando il numero di negozi a 12 entro la fine dell'anno. La Divisione Consumer ha registrato un fatturato annuale di 130,5 milioni di dollari, mentre la Divisione Commerciale ha generato 49,9 milioni di dollari. Tra i risultati notevoli ci sono la posizione di cassa netta record di 7,1 milioni di dollari e l'EBITDA rettificato della Divisione Commerciale che ha raggiunto un massimo storico di 9,0 milioni di dollari.
Il margine di profitto lordo 猫 migliorato al 24,6% per l'anno fiscale 2024, rispetto al 23,8% del 2023. L'azienda ha mantenuto una forte liquidit脿 con disponibilit脿 liquide e equivalenti di 20,6 milioni di dollari al 31 dicembre 2024. Nell'ambito del programma di riacquisto di azioni, Envela ha riacquistato 916.597 azioni per 2,4 milioni di dollari durante il 2024.
Envela (ELA) report贸 sus resultados financieros del cuarto trimestre y del a帽o fiscal 2024, logrando ingresos anuales de 180,4 millones de d贸lares con ganancias por acci贸n diluidas de 0,26 d贸lares. Los ingresos del cuarto trimestre alcanzaron los 48,3 millones de d贸lares con un EPS trimestral de 0,06 d贸lares.
La empresa ampli贸 su presencia minorista casi duplicando el n煤mero de tiendas a 12 para fin de a帽o. La Divisi贸n de Consumo report贸 ingresos anuales de 130,5 millones de d贸lares, mientras que la Divisi贸n Comercial gener贸 49,9 millones de d贸lares. Entre los logros notables se incluyen una posici贸n de efectivo neto r茅cord de 7,1 millones de d贸lares y un EBITDA ajustado de la Divisi贸n Comercial que alcanz贸 un m谩ximo hist贸rico de 9,0 millones de d贸lares.
El margen de beneficio bruto mejor贸 al 24,6% para el a帽o fiscal 2024, en comparaci贸n con el 23,8% en 2023. La empresa mantuvo una fuerte liquidez con efectivo y equivalentes de 20,6 millones de d贸lares al 31 de diciembre de 2024. En el marco de su programa de recompra de acciones, Envela recompr贸 916.597 acciones por 2,4 millones de d贸lares durante 2024.
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須岇偓電� 鞐半旯岇 毵れ灔 靾橂ゼ 12臧滊 瓯办潣 霊� 氚半 電橂牑 靻岆Г 臁挫灛臧愳潉 頇曥灔頄堨姷雼堧嫟. 靻岆箘鞛� 攵�氍胳潃 鞐瓣皠 靾橃澋 1鞏� 3050毵� 雼煬毳� 旮半頄堨溂氅�, 靸侅梾 攵�氍胳潃 4990毵� 雼煬毳� 靸濎劚頄堨姷雼堧嫟. 欤茧頃� 毵岉暅 靹标臣搿滊姅 710毵� 雼煬鞚� 旮半鞝侅澑 靾� 順勱笀 鞙勳箻鞕� 靸侅梾 攵�氍胳潣 臁办爼 EBITDA臧� 靷儊 斓滉碃鞚� 900毵� 雼煬鞐� 霃勲嫭頃� 瓴冹澊 鞛堨姷雼堧嫟.
2024雲� 須岅硠鞐半弰 霃欖晥 齑� 鞚挫澋毳犾潃 24.6%搿� 臧滌劆霅橃棃鞙茧┌, 2023雲勳潣 23.8%鞐愳劀 靸侅姽頄堨姷雼堧嫟. 須岇偓電� 2024雲� 12鞗� 31鞚� 旮办鞙茧 2060毵� 雼煬鞚� 順勱笀 氚� 順勱笀靹� 鞛愳偘鞚� 氤挫湢頃橃棳 臧曤牓頃� 鞙犽彊靹膘潉 鞙犾頄堨姷雼堧嫟. 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞐� 霐半澕 Envela電� 2024雲� 霃欖晥 916,597欤茧ゼ 240毵� 雼煬鞐� 鞛Г鞛呿枅鞀惦媹雼�.
Envela (ELA) a annonc茅 ses r茅sultats financiers pour le quatri猫me trimestre et l'exercice 2024, atteignant un chiffre d'affaires annuel de 180,4 millions de dollars avec un b茅n茅fice par action dilu茅 de 0,26 dollar. Le chiffre d'affaires du quatri猫me trimestre a atteint 48,3 millions de dollars avec un BPA trimestriel de 0,06 dollar.
L'entreprise a 茅largi sa pr茅sence au d茅tail en doublant presque le nombre de magasins pour atteindre 12 d'ici la fin de l'ann茅e. La Division Consommation a enregistr茅 un chiffre d'affaires annuel de 130,5 millions de dollars, tandis que la Division Commerciale a g茅n茅r茅 49,9 millions de dollars. Parmi les r茅alisations notables, on trouve une position de liquidit茅s nette record de 7,1 millions de dollars et un EBITDA ajust茅 de la Division Commerciale atteignant un niveau record de 9,0 millions de dollars.
La marge brute a progress茅 脿 24,6 % pour l'exercice 2024, contre 23,8 % en 2023. L'entreprise a maintenu une forte liquidit茅 avec des liquidit茅s et 茅quivalents de 20,6 millions de dollars au 31 d茅cembre 2024. Dans le cadre de son programme de rachat d'actions, Envela a rachet茅 916 597 actions pour 2,4 millions de dollars en 2024.
Envela (ELA) hat seine finanziellen Ergebnisse f眉r das vierte Quartal und das Gesch盲ftsjahr 2024 ver枚ffentlicht und dabei einen Jahresumsatz von 180,4 Millionen Dollar erzielt, mit einem verw盲sserten Gewinn pro Aktie von 0,26 Dollar. Der Umsatz im vierten Quartal erreichte 48,3 Millionen Dollar mit einem Quartals-EPS von 0,06 Dollar.
Das Unternehmen hat seine Einzelhandelspr盲senz fast verdoppelt und die Anzahl der Filialen bis zum Jahresende auf 12 erh枚ht. Die Verbrauchersparte erzielte einen Jahresumsatz von 130,5 Millionen Dollar, w盲hrend die Gesch盲ftssparte 49,9 Millionen Dollar generierte. Zu den bemerkenswerten Erfolgen geh枚ren eine Rekord-Nettocash-Position von 7,1 Millionen Dollar und ein bereinigtes EBITDA der Gesch盲ftssparte, das mit 9,0 Millionen Dollar einen Allzeithoch erreichte.
Die Bruttogewinnmarge verbesserte sich im Gesch盲ftsjahr 2024 auf 24,6%, gegen眉ber 23,8% im Jahr 2023. Das Unternehmen wies zum 31. Dezember 2024 liquide Mittel und 脛quivalente in H枚he von 20,6 Millionen Dollar auf und hielt eine starke Liquidit盲t aufrecht. Im Rahmen seines Aktienr眉ckkaufprogramms kaufte Envela im Jahr 2024 916.597 Aktien f眉r 2,4 Millionen Dollar zur眉ck.
- Record net cash position of $7.1M
- Commercial Division achieved all-time high adjusted EBITDA of $9.0M
- Gross profit margin improved to 24.6% from 23.8% YoY
- Nearly doubled retail store locations to 12
- Commercial Division net income increased to $6.7M from $3.5M YoY
- Strong liquidity with $20.6M cash and equivalents
- Overall net income decreased to $6.8M from $7.1M YoY
- Operating income declined to $8.2M from $8.8M YoY
- Consumer Division operating income dropped to $0.1M from $4.7M YoY
- Consumer Division net income fell to $16.3K from $3.6M YoY
- Q4 gross profit margin decreased to 23.1% from 26.0% YoY
Insights
Envela's Q4 and FY2024 results present a mixed financial picture with notable strengths in its commercial segment offsetting weaknesses in its consumer business. The company achieved
Despite revenue growth, overall profitability metrics showed slight deterioration. Annual EPS declined from
The commercial division provides the bright spot, with revenue growing
Balance sheet improvements are noteworthy, with cash increasing to
The significant consumer division expansion (doubling retail locations to 12) represents a strategic bet on future growth, though the immediate profit impact has been negative. Investors should watch whether these new stores can mature into profitability while monitoring the continued strength of the commercial segment.
IRVING, TX / / March 26, 2025 / Envela Corporation today announced its financial results for the fourth quarter and full year ending December 31, 2024. The Company posted annual revenue of
Management Commentary
"Last year was a period of exciting growth and transformation for Envela, and we're proud to report strong performance across both our commercial and consumer segments," said John Loftus, CEO of Envela. "On the consumer side, we reached a significant milestone by nearly doubling our retail store locations and expanding into two new markets. This growth is a testament to our unwavering commitment to making luxury more accessible, sustainable, and authentic. Our stores are not just retail spaces, they are immersive environments where customers can experience firsthand the quality of our curated and authenticated pre-owned luxury goods, supported by our sales experts. This is just the beginning, and we're excited to continue pushing the boundaries of what our retail experience can be," added Loftus.
"On the commercial side, this has been a remarkable year for Envela, with record performance driven by our relentless focus on operational excellence, client satisfaction, and innovation. Our teams have executed with precision, fueling advancements across the industries we serve. This record year is not just a testament to our strategy, but a reflection of our teams' passionate dedication to making Envela a leader in every business vertical that we operate in. We are transforming Envela into a company that is not only delivering industry-leading results but is also positioned for long-term success in an ever-evolving marketplace."
"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
"We are especially pleased with the performance of our commercial segment, where adjusted EBITDA reached an all-time high of
"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.
Fourth Quarter and Full Year 2024 Financial Highlights
| Three Months Ended December 31, |
| ||||||
| 2024 |
|
| 2023 |
| |||
Sales |
| $ | 48,321,888 |
|
| $ | 37,481,931 |
|
Gross margin |
| $ | 11,141,407 |
|
| $ | 9,750,299 |
|
Operating income |
| $ | 1,889,124 |
|
| $ | 1,593,033 |
|
Net income |
| $ | 1,600,303 |
|
| $ | 1,309,933 |
|
Diluted earnings per share |
| $ | 0.06 |
|
| $ | 0.05 |
|
Adjusted EBITDA (non-GAAP measure) |
| $ | 2,320,287 |
|
| $ | 1,926,859 |
|
| Year Ended December 31, |
| ||||||
| 2024 |
|
| 2023 |
| |||
Sales |
| $ | 180,376,229 |
|
| $ | 175,263,826 |
|
Gross margin |
| $ | 44,315,787 |
|
| $ | 41,656,530 |
|
Operating income |
| $ | 8,158,881 |
|
| $ | 8,756,789 |
|
Net income |
| $ | 6,757,059 |
|
| $ | 7,147,452 |
|
Diluted earnings per share |
| $ | 0.26 |
|
| $ | 0.27 |
|
Adjusted EBITDA (non-GAAP measure) |
| $ | 9,710,655 |
|
| $ | 10,118,853 |
|
Envela will report more complete earnings information within its Form 10-K.
Fourth Quarter and Full Year 2024 Consolidated Operating Highlights
Full year revenue was
$180.4 million , compared to$175.3 million in 2023. Fourth quarter revenue was$48.3 , compared to$37.5 in the prior-year quarter.Full year 2024 gross profit margin was
24.6% of revenue, compared to23.8% of revenue in 2023. Fourth quarter gross profit margin was23.1% of revenue, compared to26.0% of revenue in the prior-year quarter.Full year 2024 operating expenses were
$36.2 million , compared to$32.9 million in 2023. Fourth quarter operating expenses were$9.3 million , compared to$8.2 million in the prior-year quarter.Full year 2024 operating income was
$8.2 million , or4.5% of revenue, compared to$8.8 million , or5.0% of revenue in 2023. Fourth quarter operating income was$1.9 million , or3.9% of revenue, compared to$1.6 million , or4.3% of revenue in the prior-year quarter.Full year 2024 net income was
$6.8 million , or$0.26 per basic and diluted share, compared to$7.1 million , or$0.27 per diluted share in 2023. Fourth quarter net income was$1.6 million , or$0.06 per basic and diluted share, compared to$1.3 million , or$0.05 per diluted share in the prior-year quarter.Full year 2024 adjusted EBITDA was
$9.7 million , or5.4% of revenue, compared to$10.1 million , or5.8% of revenue in 2023. Fourth quarter adjusted EBITDA was$2.3 million , or4.8% of revenue, compared to$1.9 million , or5.1% of revenue in the prior-year quarter.
Fourth Quarter and Full Year Consumer Division Operating Highlights
Consumer Division full year 2024 revenue was
$130.5 million , compared to$129.4 million in 2023. Consumer Division fourth quarter revenue was$36.5 million , compared to$26.2 million in the prior-year quarter.Consumer Division full year 2024 gross margin was
12.2% of revenue, compared to12.1% of revenue in 2023. Consumer Division fourth quarter gross margin was12.0% of revenue, compared to15.2% of revenue in the prior-year quarter.Consumer Division full year 2024 operating expenses were
$15.7 million , compared to$11.0 million in 2023. Consumer Division fourth quarter operating expenses were$4.2 million , compared to$3.3 million in the prior-year quarter.Consumer Division full year 2024 operating income was
$0.1 million , compared to$4.7 million in 2023. Consumer Division fourth quarter operating income was$0.2 million , compared to$0.7 million in the prior-year quarter.Consumer Division full year 2024 net income was
$16.3 thousand , compared to$3.6 million in 2023. Consumer Division fourth quarter net income income was$0.1 million , compared to$0.6 million in the prior-year quarter.
Fourth Quarter and Full Year Commercial Division Operating Highlights
Commercial Division full year 2024 revenue was
$49.9 million , compared to$45.9 million in 2023. Commercial Division fourth quarter revenue was$11.8 million , compared to$11.3 million in the prior-year quarter.Commercial Division full year 2024 gross margin was
57.0% of revenue, compared to56.7% of revenue in 2023. Commercial Division fourth quarter gross margin was57.1% of revenue, compared to51.1% of revenue in the prior-year quarter.Commercial Division full year 2024 operating expenses were
$20.4 million , compared to$21.9 million in 2023. Commercial Division fourth quarter operating expenses were$5.1 million , compared to$4.9 million in the prior-year quarter.Commercial Division full year 2024 operating income was
$8.0 million , compared to$4.1 million in 2023. Commercial Division fourth quarter operating income was$1.7 million , compared to$0.9 million in the prior-year quarter.Commercial Division full year 2024 net income was
$6.7 million , compared to$3.5 million in 2023. Commercial Division fourth quarter net income income was$1.5 million , compared to$0.7 million in the prior-year quarter.
Balance Sheet, Cash Flow and Liquidity
Cash and cash equivalents was
$20.6 million on December 31, 2024, compared to$17.9 million on December 31, 2023.The Company's long-term debt was
$13.5 million at December 31, 2024, compared to$14.9 million at December 31, 2023.Total shareholders' equity was
$52.7 million at December 31, 2024, compared to$48.3 million on December 31, 2023.For the year ended December 31, 2024, consolidated operating cash flows totaled
$10.2 million .
Share Repurchase Program
For the year ended December 31, 2024, the Company repurchased 916,597 shares of common stock at a cost of
Non-GAAP Financial Measures
This press release contains non-United States ("U.S.") Generally Accepted Accounting Principles ("GAAP") financial measures. A "non-U.S. GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with U.S. GAAP in the statements of income, balance sheets or statements of cash flows of the Company.
Adjusted EBITDA is a key performance measure that management uses to assess our operating performance. Because adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure as an overall assessment of our performance, to evaluate the effectiveness of our strategies and for planning purposes. Adjusted EBITDA may not be comparable to similarly titled metrics of other companies. Adjusted EBITDA is defined as the sum of net income (loss) of the Company, adjusted for additions (deductions) of interest expense, other (income) expense, income tax expense (benefit), and depreciation and amortization. Adjusted EBITDA is a non-GAAP financial measure and should not be considered is an alternative to the presentation of net income or any other measure of financial performance calculated and presented in accordance with U.S. GAAP.
Net cash is defined as the difference between (i) cash and cash equivalents and (ii) the sum of debt obligations. We believe that presenting net cash is useful to investors as a measure of our liquidity and leverage profile, as cash and cash equivalents can be used, among other things, to repay indebtedness.
The following table provides a reconciliation of net income to adjusted EBITDA for the year ended December 31, 2024 and 2023:
| Year Ended December 31, |
| ||||||||||||||||||||||
| 2024 |
|
| 2023 |
| |||||||||||||||||||
| Consumer |
|
| Commercial |
|
| Consolidated |
|
| Consumer |
|
| Commercial |
|
| Consolidated |
| |||||||
Adjusted EBITDA Reconciliation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
| $ | 16,341 |
|
| $ | 6,740,718 |
|
| $ | 6,757,059 |
|
| $ | 3,646,747 |
|
| $ | 3,500,705 |
|
| $ | 7,147,452 |
|
Addition (deduction): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
| 524,510 |
|
|
| 1,027,264 |
|
|
| 1,551,774 |
|
|
| 325,227 |
|
|
| 1,036,837 |
|
|
| 1,362,064 |
|
Other income |
|
| (104,561 | ) |
|
| (933,121 | ) |
|
| (1,037,682 | ) |
|
| (83,806 | ) |
|
| (643,976 | ) |
|
| (727,782 | ) |
Interest expense |
|
| 228,792 |
|
|
| 218,591 |
|
|
| 447,383 |
|
|
| 192,393 |
|
|
| 270,808 |
|
|
| 463,201 |
|
Income tax expense |
|
| 4,818 |
|
|
| 1,987,303 |
|
|
| 1,992,121 |
|
|
| 927,157 |
|
|
| 946,761 |
|
|
| 1,873,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| $ | 669,900 |
|
| $ | 9,040,755 |
|
| $ | 9,710,655 |
|
| $ | 5,007,718 |
|
| $ | 5,111,135 |
|
| $ | 10,118,853 |
| |
The following table provides a reconciliation of net income to adjusted EBITDA for the three months ended December 31, 2024 and 2023:
| Three Months Ended December 31, |
| ||||||||||||||||||||||
| 2024 |
|
| 2023 |
| |||||||||||||||||||
| Consumer |
|
| Commercial |
|
| Consolidated |
|
| Consumer |
|
| Commercial |
|
| Consolidated |
| |||||||
Adjusted EBITDA Reconciliation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Net income |
| $ | 132,668 |
|
| $ | 1,467,635 |
|
| $ | 1,600,303 |
|
| $ | 574,180 |
|
| $ | 735,753 |
|
| $ | 1,309,933 |
|
Addition (deduction): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
| 167,659 |
|
|
| 263,504 |
|
|
| 431,163 |
|
|
| 71,842 |
|
|
| 261,984 |
|
|
| 333,826 |
|
Other income |
|
| (26,051 | ) |
|
| (207,336 | ) |
|
| (233,387 | ) |
|
| (13,491 | ) |
|
| (157,423 | ) |
|
| (170,914 | ) |
Interest expense |
|
| 57,207 |
|
|
| 54,042 |
|
|
| 111,249 |
|
|
| 14,935 |
|
|
| 99,348 |
|
|
| 114,283 |
|
Income tax expense |
|
| 38,524 |
|
|
| 372,435 |
|
|
| 410,959 |
|
|
| 149,007 |
|
|
| 190,724 |
|
|
| 339,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| $ | 370,007 |
|
| $ | 1,950,280 |
|
| $ | 2,320,287 |
|
| $ | 796,473 |
|
| $ | 1,130,386 |
|
| $ | 1,926,859 |
| |
The following table provides a reconciliation of our net cash position for the year ended December 31, 2024 and 2023:
| December 31, |
|
| December 31, |
| |||
| 2024 |
|
| 2023 |
| |||
Total cash |
| $ | 20,609,003 |
|
| $ | 17,853,853 |
|
Less: debt obligations |
|
| (13,522,179 | ) |
|
| (14,933,491 | ) |
| $ | 7,086,824 |
|
| $ | 2,920,362 |
| |
Envela periodically provides information for investors on its corporate website, envela.com. This includes press releases, quarterly investor presentations and other information about financial performance, reports filed or furnished with the Securities and Exchange Commission ("SEC"), information on corporate governance, and details related to its annual meeting of shareholders.
About Envela®
Envela Corporation () is a leading provider of re-commerce services, driving innovation at the forefront of the circular economy. The company operates through two primary business segments: Consumer and Commercial. The Consumer segment includes retail stores and online platforms offering premium brands and luxury hard assets, while the Commercial segment delivers tailored re-commerce solutions to clients, including many Fortune 500 companies.
As a sustainability-driven company, Envela extends product lifecycles to reduce resource consumption and carbon emissions. At Envela, we Reuse, Recycle, and Reimagine. We maximize product utility through reuse and recycling-reselling items when feasible to extend their life and recovering their value through end-of-life recycling, helping to transform them into raw materials for new products. Focused on our core strengths, we create exceptional value, leaving the world better than we found it-without trying to be everything to everyone. To learn more about our innovative approach, visit .
Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995's safe harbor provisions, including statements regarding future events and developments; potential expansions, purchases and acquisitions; potential future success of business lines and strategies; and management's expectations, beliefs, plans, estimates and projections relating to the future. Words such as "believes," "anticipates," "plans," "may," "intends," "will," "should," "expects" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's then current views and assumptions and, as a result, are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.
Investor Relations Contact
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SOURCE: Envela Corporation
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