Envela Corporation (ELA) Financial Statements (2025 and earlier)

Company Profile

Business Address 1901 GATEWAY DRIVE
IRVING, TX 75038
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 5944 - Jewelry Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 17,85417,17010,1389,2184,5111,454
Cash and cash equivalents 17,85417,17010,1389,2184,5111,454
Receivables7,8118,5287,1672,8472,99894
Inventory, net of allowances, customer advances and progress billings23,14618,75614,04810,0079,5099,765
Inventory23,14618,75614,04810,0079,5099,765
Prepaid expense1,0821,23243928217381
Other current assets535970   
Other undisclosed current assets 3,1711,6051,1571,161 
Total current assets:49,89848,89234,36723,51018,35111,394
Noncurrent Assets
Operating lease, right-of-use asset4,1904,1905,6923,5232,335
Property, plant and equipment10,9559,3949,8066,8891,3511,321
Intangible assets, net (including goodwill), including:8,2303,6219,1652,9923,394234
Goodwill3,9213,6216,1401,3671,367 
Intangible assets, net (excluding goodwill)4,308 3,0242,9923,394234
Other undisclosed intangible assets, net (including goodwill)    (1,367)(1,367) 
Other noncurrent assets20118723819820568
Other undisclosed noncurrent assets  4,994 3,4671,367 
Total noncurrent assets:23,57622,38524,90117,0698,6521,624
TOTAL ASSETS:73,47471,27759,26740,57927,00313,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,6135,6454,2782,4792,3841,418
Taxes payable 113  
Employee-related liabilities 11  
Accounts payable3,1273,3592,4881,5111,468839
Accrued liabilities2,4862,2871,789844917579
Debt1,361 2,7662,1201,175 
Other liabilities2122821,17942916598
Due to related parties1,251 3071,0843,089
Other undisclosed current liabilities1,8081,6871,574717  
Total current liabilities:8,9948,8669,7976,0534,8094,605
Noncurrent Liabilities
Long-term debt and lease obligation 14,72715,9703,6542,445 
Long-term debt, excluding current maturities 14,72715,970   
Liabilities, other than long-term debt2,561  9,0538,555 
Deferred income tax liabilities     
Due to related parties  9,0538,555 
Operating lease, liability2,561  3,6542,445
Other undisclosed noncurrent liabilities 13,6114,3685,8734,241  
Total noncurrent liabilities:16,17119,09521,84316,94811,000 
Total liabilities:25,16527,96131,64023,00115,8094,605
Equity
Equity, attributable to parent48,30943,31627,62717,57811,1948,413
Preferred stock  269269   
Common stock269  269269269
Treasury stock, value(2,155)     
Additional paid in capital40,17340,17340,17340,17340,17340,173
Retained earnings (accumulated deficit)10,0222,874(12,815)(22,864)(29,248)(32,028)
Total equity:48,30943,31627,62717,57811,1948,413
TOTAL LIABILITIES AND EQUITY:73,47471,27759,26740,57927,00313,018

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues171,674182,686140,966113,92282,02454,056
Cost of revenue(130,018)(30,883)(21,724)(90,853)(65,769)(44,377)
Cost of goods and services sold(130,018)(137,859)(109,745)(90,853)(65,769)(44,377)
Other undisclosed gross profit (106,976)(88,021)   
Gross profit:41,65744,82731,22123,06916,2569,680
Operating expenses(32,900)(30,883)(21,724)(16,282)(13,015)(9,028)
Operating income:8,75713,9459,4976,7873,241651
Nonoperating income (expense)728919(299)307(50)67
Other nonoperating income (expense)728919(299)307(50) 
Interest and debt expense(463)(484)(704)(620)(415)(150)
Income from continuing operations before equity method investments, income taxes:9,02114,3808,4936,4742,776569
Other undisclosed income from continuing operations before income taxes  1,668 100150
Income from continuing operations before income taxes:9,02114,38010,1626,4742,876718
Income tax expense (benefit)(1,874)1,310(113)(90)(95)(61)
Income from continuing operations:7,14715,68910,0496,3842,781658
Income before gain (loss) on sale of properties:10,0496,3842,781658
Net income:7,14715,68910,0496,3842,781658
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:7,14715,68910,0496,3842,781658

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:7,14715,68910,0496,3842,781658
Comprehensive income, net of tax, attributable to parent:7,14715,68910,0496,3842,781658

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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