ELA Envela

Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. The firm operates through the following segments: DGSE and ECHG. It offers its products through retail and wholesale stores, and e-commerce sites. The company was founded on September 16, 1965 and is headquartered in Dallas, TX.
Company profile
Ticker
ELA
Exchange
Website
CEO
John R. Loftus
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
DALLAS GOLD & SILVER EXCHANGE INC /NV/, DGSE COMPANIES INC
SEC CIK
Corporate docs
IRS number
880097334
ELA stock data
()
Investment data
Securities sold
Number of investors
Calendar
26 Mar 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from Envela earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Dec 20 | Pedersen Bret Allen | Common Stock | Sell | Dispose S | No | No | 4.25 | 3,600 | 15.3K | 47,493 |
13 Nov 20 | Pedersen Bret Allen | Common stock | Buy | Aquire P | No | No | 4.26 | 56 | 238.56 | 51,093 |
13 Nov 20 | Pedersen Bret Allen | Common stock | Buy | Aquire P | No | No | 4.21 | 188 | 791.48 | 51,037 |
30 Oct 20 | Pedersen Bret Allen | Common Stock | Buy | Aquire P | Yes | No | 4.25 | 115 | 488.75 | 50,849 |
30 Oct 20 | Pedersen Bret Allen | Common Stock | Buy | Aquire P | No | No | 4.27 | 200 | 854 | 50,734 |
2 Oct 20 | Pedersen Bret Allen | Common Stock | Buy | Aquire P | Yes | No | 4.07 | 128 | 520.96 | 50,534 |
2 Oct 20 | Pedersen Bret Allen | Common Stock | Buy | Aquire P | No | No | 4.06 | 123 | 499.38 | 50,406 |
11 Sep 20 | DeStefano Allison M | Common Stock | Other | Aquire J | No | No | 0 | 100,000 | 0 | 129,055 |
Institutional ownership Q4 2019
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|
Financial report summary
?Risks
- The voting power in our company is substantially controlled by a small number of stockholders, which may, among other things, delay or frustrate the removal of incumbent directors or a takeover attempt, even if such events may be beneficial to our stockholders.
- In fiscal year 2014, we came to an agreed settlement with the SEC, stemming from an investigation of accounting irregularities. As part of this settlement we agreed to a series of corporate governance reforms, which were independently verified in fiscal year 2015. If we do not comply with the corporate governance reforms, we could face additional enforcement actions by the SEC or other governmental or regulatory bodies, as well as additional shareholder lawsuits, all of which could have significant negative financial or operational implications.
- In the past, our internal controls over financial reporting and procedures related thereto have been deficient. Although we have taken significant remedial measures, our previous deficiencies could have a material adverse effect on our business and on our investors’ confidence in our reported financial information, and there is no guarantee that our internal controls over financial reporting and procedures will not fail in the future.
- The market for precious metals is inherently unpredictable.
- Adverse economic conditions in the U.S. or in other key markets, and the resulting declines in consumer confidence and spending, could have a material adverse effect on our operating results.
- The coronavirus pandemic continues to be serious threat to health and economic wellbeing affecting our business, customers and supply chain.
- We face intense competition across all markets for our products and services, which may lead to lower revenue or operating margins.
- Our DGSE wholesale and jewelry business is seasonal, with sales traditionally greater during certain holiday seasons, so events and circumstances that adversely affect holiday consumer spending will have a disproportionately adverse effect on our operational results.
- If we misjudge the demand for our products, high inventory levels could adversely affect future operating results and profitability.
- Changes in our liquidity and capital requirements and our ability to secure financing and credit could materially adversely affect our financial condition and results of operations.
- Interest-rate fluctuations could increase our interest expense.
- A failure in our information systems could prevent us from effectively managing and controlling our business or serving our customers.
- Our success depends on our ability to attract, retain and motivate qualified directors, management and other skilled employees.
- We have not paid dividends on our Common Stock in the past and do not anticipate paying dividends on our Common Stock in the foreseeable future.
- We are subject to new and existing corporate-governance and internal-control reporting requirements, and our costs related to compliance with, or our failure to comply with, existing and future requirements could adversely affect our business.
- Our websites may be vulnerable to security breaches and similar threats, which could result in our liability for damages and harm to our reputation.
- Fluctuations in the availability and pricing of commodities, particularly gold, which accounts for the majority of our merchandise costs, could adversely impact our earnings and cash availability.
- The conflict-mineral diligence process, the results from that process and the related reporting obligations could increase costs, adversely affect our reputation and adversely affect our ability to obtain merchandise.
- Our customer and vendor concentration in one significant entity could have an adverse impact on our business.
Management Discussion
- Revenue. Revenue related to DGSE’s continuing operations increased by $18,141,237, or 27%, during fiscal 2020, to $85,661,391, as compared to $67,520,154 during Fiscal 2019. Resale revenue, such as bullion, jewelry, watches and rare coins, increased by $19,702,014 in Fiscal 2020, or 33%, to $79,790,419 as compared to $60,088,405 during Fiscal 2019. Recycled-material sales decreased 21% to $5,870,972 for Fiscal 2020, as compared to $7,431,749 for Fiscal 2019. Revenue increased for resale items for Fiscal 2020, compared to Fiscal 2019 primarily due to the apparent increase in consumer demand following the lifting of governmental orders to refrain from selling non-essential items in our retail stores due to the COVID-19 pandemic and the related spiking of gold prices due to the pandemic. The decrease in recycled-materials revenue is primarily due to the spike in resale revenue stemming from the COVID-19 pandemic, as we purchased inventory for Fiscal 2020, more inventory was kept for our retail stores as compared to Fiscal 2019, and recycled less.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
accessible, accuracy, accurately, alter, apparent, bearing, bringing, CECL, China, climbing, constitute, constituting, content, correlation, crafted, denoted, disciplined, distinct, erased, eviction, extracted, extracting, foregoing, forward, Gateway, Grapevine, Grove, Highway, immersive, insight, inviting, Irving, issuable, Legacy, lender, lifting, melted, mentioned, methodology, mineral, Mt, mutate, newly, nonqualified, Northwest, NWH, observably, observed, omnichannel, opposite, optimistic, partially, partly, peak, peaking, physical, priority, project, projected, projection, put, quoted, recommercialization, reconditioned, recoverability, recoverable, recrafted, referenced, refrain, renegotiate, renegotiating, restoration, revised, rose, Round, routed, SBA, shutdown, single, solution, spike, spiking, stayed, Ste, strong, strongly, Stuart, student, subletter, subsidy, surged, tempered, therewith, tracing, Truist, unemployed, unknown, unused, usable, vacate, vaccine, valuable, variant, wear, word
Removed:
attractive, awarded, back, campaign, certified, Chief, Clem, Comptroller, contingent, conversion, convertible, counter, death, dependency, depreciated, disability, ecommerce, Ethic, extending, feet, fell, forfeited, growing, house, Larson, Leasehold, lesser, Lopez, lowered, macroeconomic, Matthew, merchandising, multiple, Nabil, necessarily, personal, ratably, reaching, rebound, recipient, reduced, resignation, retell, shorter, showroom, sourced, spread, square, stable, story, termination, vest, vesting
Financial reports
10-K/A
2020 FY
Annual report (amended)
26 Mar 21
10-K
2020 FY
Annual report
23 Mar 21
10-Q/A
2020 Q3
Quarterly report (amended)
10 Nov 20
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
12 May 20
10-K
2019 FY
Annual report
26 Mar 20
10-Q
2019 Q3
Quarterly report
13 Nov 19
10-Q
2019 Q2
Quarterly report
19 Aug 19
NT 10-Q
Notice of late quarterly filing
13 Aug 19
Current reports
8-K
Submission of Matters to a Vote of Security Holders
8 Jun 20
8-K
Amendments to Articles of Incorporation or Bylaws
16 Dec 19
8-K
Submission of Matters to a Vote of Security Holders
16 Oct 19
8-K/A
Unaudited Interim Financial Statements
5 Aug 19
8-K
Entry into a Material Definitive Agreement
24 May 19
8-K
Dgse Does It Again – Kicks Off 2019 with First-quarter Profit
23 May 19
8-K
Results of Operations and Financial Condition
17 Apr 19
8-K
DGSE Reports Seven Straight Quarters of Operational Gains, Fairchild and Related Write-Offs
21 Nov 18
8-K
DGSE Companies, Inc. Announces Continued Profitability in 2Q18
15 Aug 18
8-K
Submission of Matters to a Vote of Security Holders
18 Jun 18
Registration and prospectus
S-3/A
Shelf registration (amended)
28 Nov 17
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Nov 17
S-3
Shelf registration
5 Oct 17
D
$39.8K in equity
5 Jun 14
D
$5.1M in equity, sold $5.1M, 3 investors
20 Sep 11
D
$2M in equity, sold $2M, 1 investor
20 Sep 11
D
$500K in equity / debt, sold $500K, 3 investors
24 Aug 10
25
Voluntary exchange delisting
30 Oct 07
8-A12B
Registration of securities on exchange
29 Oct 07
424B3
Prospectus supplement
22 Jul 07
Proxies
DEF 14A
Definitive proxy
30 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Sep 19
DEF 14A
Definitive proxy
20 Sep 19
PRE 14A
Preliminary proxy
10 Sep 19
DEF 14A
Definitive proxy
29 Apr 18
DEF 14A
Definitive proxy
6 Dec 17
DEF 14A
Definitive proxy
31 Oct 16
PRER14A
Preliminary revised proxy
5 Oct 16
PRE 14A
Preliminary proxy
30 Aug 16
DEFA14A
Additional proxy soliciting materials
21 Jun 16
Other
EFFECT
Notice of effectiveness
3 Dec 17
CORRESP
Correspondence with SEC
30 Nov 17
CORRESP
Correspondence with SEC
19 Nov 17
UPLOAD
Letter from SEC
7 Nov 17
CORRESP
Correspondence with SEC
6 Nov 17
UPLOAD
Letter from SEC
1 Nov 17
CORRESP
Correspondence with SEC
25 Oct 17
UPLOAD
Letter from SEC
18 Oct 17
UPLOAD
Letter from SEC
17 Oct 16
CORRESP
Correspondence with SEC
5 Oct 16
Ownership
4
Envela / Bret Allen Pedersen ownership change
18 Dec 20
4
Envela / Bret Allen Pedersen ownership change
16 Nov 20
4
Envela / Bret Allen Pedersen ownership change
30 Oct 20
4
Envela / Bret Allen Pedersen ownership change
5 Oct 20
4
Envela / Allison M DeStefano ownership change
15 Sep 20
4
Envela / James R Ruth ownership change
9 Sep 20
4
Envela / Allison M DeStefano ownership change
4 Sep 20
4
Envela / Bret Allen Pedersen ownership change
4 Sep 20
4
Envela / Alexandra C Griffin ownership change
1 Sep 20
4
Envela / Bret Allen Pedersen ownership change
31 Aug 20
Reddit threads
Earnings + 🚀 today... Pawn Shop play... really... but look NOW... b4 open.
23 Mar 21
Daily Discussion Thread - March 23rd, 2021
23 Mar 21
Daily Discussion Thread - March 22nd, 2021
22 Mar 21
New wave of retail “traders” are incredibly uninformed.
11 Mar 21
Undervalued Companies With Positive Net Incomes and Small Market Caps
16 Feb 21
Daily Discussion Thread - November 5th, 2020
5 Nov 20
Daily Discussion Thread - November 4th, 2020
4 Nov 20