Envela (ELA)
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Envela (ELA) - 2021 Q1 - Quarterly Report
2021-05-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-11048 ENVELA CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 88-0097334 (STATE OF INCORPORATION) (I.R.S. EMPLOYER ...
Envela (ELA) - 2020 Q4 - Annual Report
2021-03-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-11048 ENVELA CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 88-0097334 (STATE OF INCORPORATION) (I.R.S. EMPLOYER IDEN ...
Envela (ELA) Investor Presentation - Slideshow
2020-11-20 19:29
| --- | --- | --- | --- | --- | |-------|-------|----------------------|-------------------|-----------------------| | | | | | | | | | | | | | | | RECOMMERCE EXTENDING | THE LIFE OF GOODS | Fall 2020 | | | | | | Investor Presentation | Cautionary statements This presentation contains "forward-looking statements," that is, statements that address future, not past events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition. F ...
Envela (ELA) - 2020 Q3 - Quarterly Report
2020-11-05 13:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-11048 ENVELA CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 88-0097334 (STATE OF INCORPORATION) (I.R.S. EMPL ...
Envela (ELA) - 2020 Q2 - Quarterly Report
2020-08-06 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-11048 ENVELA CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 88-0097334 (STATE OF INCORPORATION) (I.R.S. EMPLOYER ...
Envela (ELA) - 2020 Q1 - Quarterly Report
2020-05-12 20:07
| --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------| | | | UNITED STATES SECURITIES AND EXCHANGE CO ...
Envela (ELA) - 2019 Q4 - Annual Report
2020-03-26 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-11048 ENVELA CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 88-0097334 (STATE OF INCORPORATION) (I.R.S. EMPLOYER ...
Envela (ELA) - 2019 Q3 - Quarterly Report
2019-11-13 21:02
Revenue Growth - Revenues for DGSE's retail continuing operations increased by $2,993,532 or 22% to $16,652,927 for the three months ended September 30, 2019, compared to $13,659,395 in the same period in 2018[93] - Revenues related to DGSE increased by $10,802,563, or 27%, to $51,251,093 for the nine months ended September 30, 2019, compared to $40,448,530 in the same period in 2018[106] - Echo Entities generated revenues of $6,208,274, with recycled material sales accounting for 83% at $5,133,181[94] Sales Performance - Jewelry, Bullion/Rare Coin, and Scrap sales increased by 9%, 18%, and 93%, respectively, compared to the prior year quarter[93] - The price of gold rose to $1,485 per ounce by September 30, 2019, contributing to increased sales velocity[89] Profitability - Gross profit for DGSE's operations decreased by $458,317 to $2,018,852, with a gross profit margin of 12.1% compared to 18.1% in the same period last year[95] - Gross profit for DGSE decreased by $662,492, or 9%, to $6,507,162, with a gross margin of 12.7% compared to 17.7% in the prior year[108] - The overall profit margin for Echo Entities was 51.0% on $6,208,274 in sales[97] - The Echo Entities generated a profit margin of 50.0% on sales of $8,567,075 for the nine months ended September 30, 2019[110] Expenses Management - Selling, General and Administrative expenses decreased by $990,766 or 35% to $1,868,144 compared to $2,858,911 in the same period in 2018[98] - SG&A expenses for DGSE decreased by $1,188,776, or 18%, to $5,484,082, primarily due to a note receivable write-off[111] - Interest expense increased by $8,664 or 23% to $46,764 due to the payoff of accounts payable related party[102] - Interest expense for DGSE decreased by $23,660, or 18%, to $106,970, attributed to the pay down of accounts payable[114] Net Income - Net income per share for the three months ending September 30, 2019, was $0.04, an increase of $0.06 per share compared to ($0.02) in the same period in 2018[105] - Net income for basic and diluted shares attributable to common stockholders was $0.08 per share for the nine months ended September 30, 2019, compared to $0.00 per share in the prior year[117] Cash Flow - Cash flows used in operating activities totaled $2,732,488 for the nine months ended September 30, 2019, an increase of $2,117,637 from the previous year[118] - Cash flows used in investing activities increased by $5,848,371 to $6,024,506, primarily due to the Echo Transaction[120] - Cash flows provided in financing activities totaled $9,858,432, an increase of $9,856,080 from the previous year, mainly from the acquisition of the Echo Transaction[121] Future Outlook - The company aims to enhance efficiency in processing recyclable materials and explore new applications for recycled electronic material[91] - Capital expenditures are expected to total approximately $85,000 over the next twelve months, primarily for the new point-of-sale system[122]
Envela (ELA) - 2019 Q2 - Quarterly Report
2019-08-19 20:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 1-11048 DGSE Companies, Inc. (Exact name of registrant as specified in its charter) Nevada 88-0097334 (State or other jur ...
Envela (ELA) - 2019 Q1 - Quarterly Report
2019-05-20 19:31
Revenue Performance - Revenues for the three months ended March 31, 2019, increased by $1,963,658 or 14% to $16,019,530 compared to $14,055,872 in the same period in 2018[63] - Bullion/rare coin sales increased by 41%, contributing an additional $2,884,395 in revenue, while jewelry sales decreased by 14% due to gold price volatility[63] - The market for buying and selling scrap gold has been negative, impacting revenue and profitability, which the company aims to address through its marketing strategy[59] Profitability - Gross profit for the three months ended March 31, 2019, decreased by $283,524 to $2,218,482, with the gross margin declining to 13.8% from 17.8% in the prior year[64] Expenses - Selling, General and Administrative (SG&A) expenses decreased by $267,327 or 13% to $1,741,340 compared to $2,008,667 in the same period in 2018[65] - Interest expense decreased by $12,333 or 26% to $34,549 due to the continual pay down of accounts payable[67] Cash Flow and Operating Activities - Cash flows used in operating activities increased by $678,366 to $960,206 for the three months ended March 31, 2019, driven by a reduction in accounts payable and an increase in inventories[68] Capital Expenditures and Financial Condition - Capital expenditures are expected to total approximately $85,000 over the next twelve months, primarily for the new point-of-sale system and the buildout of additional space in Charleston, South Carolina[72] - The company has no off-balance sheet arrangements that could materially affect its financial condition[74] Inventory Management - The company plans to adjust inventory levels to meet seasonal demand and working capital requirements, with potential loans available if needed[73]