Envela Corp (ELA) FY2024 10-K Annual Report
Envela Corp (ELA) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Envela Corp FY2024 10-K Analysis
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
Envela Corp FY2024 Key Financial MetricsXBRL
Revenue
$180M
▲ +2.9% YoY
Net Income
$7M
▼ -5.5% YoY
Gross Margin
24.6%
▲ +80bp YoY
Operating Margin
4.5%
▼ -47bp YoY
Net Margin
3.7%
▼ -33bp YoY
ROE
12.8%
▼ -196bp YoY
Total Assets
$78M
▲ +6.0% YoY
EPS (Diluted)
$0.26
▼ -3.7% YoY
Operating Cash Flow
$10M
▲ +74.4% YoY
Source: XBRL data from Envela Corp FY2024 10-K filing on SEC EDGAR. All figures in USD.
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