Envela Corporation released its financial results for the fourth quarter and full year ending December 31, 2024. The company reported annual revenue of $180.4 million for fiscal year 2024. Annual earnings per diluted share for the same period stood at $0.26.
This performance contributes to Envela's consistent track record of exceeding Wall Street estimates for both revenue and EPS over six consecutive quarters. The company's recommerce and recycling model continues to drive financial growth and operational efficiency.
Envela's strategic focus on its Consumer and Commercial segments, dealing in luxury goods and IT asset disposition respectively, underpins its financial health. The full-year results demonstrate the company's ability to generate substantial revenue and earnings from its diversified operations.
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