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Envela Corporation (ELA)

NYSE American - NYSE American Delayed Price. Currency in USD
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5.11-0.13 (-2.48%)
At close: 4:00PM EDT

Envela Corporation

1901 Gateway Drive
Suite 100
Irving, TX 75038-5202
United States
972 587 4049
http://www.envela.com

Sector(s)Consumer Cyclical
IndustrySpecialty Retail
Full Time Employees152

Key Executives

NameTitlePayExercisedYear Born
Mr. John Richardson LoftusChairman, CEO & PresN/AN/A1970
Mr. Bret A. PedersenChief Financial Officer165kN/A1961
Mr. David VadalaHead of Investor RelationsN/AN/AN/A
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components. The company also buys and sells various forms of gold, silver, platinum, and palladium products, including United States and other government coins, private mint medallions, art bars, and trade unit bars; and numismatic items, such as rare coins, currency, medals, tokens, and other collectibles, as well as provides jewelry and watches repair services. In addition, it offers end-of-life electronics recycling services; IT-asset disposition services; and services to companies in the areas of software upgrades, and hardware or networking capabilities, as well as moving to cloud services. As of December 31, 2020, Envela Corporation marketed its products and services through six retail locations under various banners, including Charleston Gold & Diamond Exchange, and Dallas Gold & Silver Exchange, as well as through cgdeinc.com, dgse.com, echoenvironmental.com, ITADUSA.com, and teladvance.com e-commerce sites. 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 April 30, 2021 is 5. The pillar scores are Audit: 3; Board: 7; Shareholder Rights: 4; 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 a 10 indicates higher governance risk.