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Stock impact report

Envela Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Envela Corporation (ELA) 
Company Research Source: Yahoo! Finance
The Company reported quarterly revenue of $46.9 million and quarterly earnings per diluted share of $0.06. Management Commentary "Today, we are excited to announce a new third-quarter revenue record of $46.9 million, reflecting a 27.2 percent increase compared to last year. This achievement highlights the dedication of our exceptional people, who remain focused on building a solid foundation for outstanding growth," said John Loftus, Envela's CEO. "Our teams work hard to deliver extraordinary value to our clients; they are the backbone of our company as we continue to execute and grow our future." "We achieved another quarter of positive growth and delivered a strong performance across our key metrics, with notable results in both top and bottom line in Q3. Compared to the prior-year quarter, gross margin and operating income increased by 17.8% and 3.6%, respectively," said John DeLuca, Envela's CFO. "Envela continues to operate with financial discipline while investing for the Show less Read more
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