Envela Corporation (ELA)

4.2800 -0.0400 (-0.93%) At close: 04:00PM EDT

Envela Corporation

1901 Gateway Drive
Suite 100
Irving, TX 75038
United States
972 587 4049
https://www.envela.com

Sector(s): Consumer Cyclical
Industry: Luxury Goods
Full-time employees: 288

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John Richardson Loftus	Chairman, CEO & President	N/A	N/A	1970
Mr. John DeLuca	Chief Financial Officer	N/A	N/A	N/A
Mr. Joel S. Friedman	Chief Information Officer	7.5k	N/A	1969

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets. The company buys to resell or recycle luxury hard assets, including jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver and other precious metals; buys and sells various forms of gold, silver, platinum, and palladium products, including United States and other government coins, and private mint medallions, as well as numismatic items, such as rare coins, currency, medals, tokens, and other collectibles; and provides jewelry and watches repair services, as well as custom jewelry services. In addition, it offers end-of-life electronics recycling services; disposal transportation and product tracking services; IT equipment disposition services, including compliance and data sanitization services; services to companies in the areas of upgrade capabilities and dispose of equipment; and asset- disposition solutions to government agencies, middle-market firms, major corporations, and other organizations. The company operates multiple brick-and-mortar and online marketplaces; and offers custom re-commerce solutions to meet the needs of various clients. It operates through DGSE.com, echoenvironmental.com, ITADUSA.com, teladvance.com and AvailRecovery.com. websites. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.

Corporate governance

Envela Corporation’s ISS governance QualityScore as of 1 April 2024 is 8. The pillar scores are Audit: 9; Board: 9; Shareholder rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.