ELA Envela Corp
FY2024 10-K
Envela Corp (ELA) filed its fiscal year 2024 10-K annual report with the SEC on Mar 26, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: Recycling and recommerce services extending product lifespan across luxury goods and electronic asset disposition
- • New emphasis on physical retail expansion in consumer segment with 5 new stores under Four Nines brand and in-store Bijoux Exchange buying platform in FY 2024
Management Discussion & Analysis
- • Revenue $180.4M, up 3% YoY from $175.3M; Consumer $130.5M (+1%) and Commercial $49.9M (+9%)
- • Operating income $8.16M, down 7% YoY from $8.76M; Consumer $0.15M vs $4.68M, Commercial $8.01M vs $4.07M
Risk Factors
- • Regulatory risk: SEC AML compliance program for retail buying under USA PATRIOT Act, failure may cause fines and reputational harm
- • Macroeconomic threat: sustained high interest rates increasing borrowing costs, potentially hindering financing or refinancing debt
Financial SummaryXBRL
Revenue
$180M
Net Income
$7M
Gross Margin
24.6%
Operating Margin
4.5%
Net Margin
3.7%
ROE
12.8%
Total Assets
$78M
EPS (Diluted)
$0.26
Operating Cash Flow
$10M
Source: XBRL data from Envela Corp FY2024 10-K filing on SEC EDGAR. All figures in USD.
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