Envela Corporation · AMEX:ELA
Envela — FY2024 Earnings Presentation
25 slides from Envela's earnings presentation, March 2025
Slide 1: Year-End 2024 Financial Results
YEAR-END 2024 FINANCIAL RESULTS MARCH 2025
Slide 2: Index
INDEX INTRODUCTION FINANCIAL PERFORMANCE APPENDICES Disclaimers and References 3 Envela 6 Glossary 21 Overview 4 Consumer Segment 13 Historical Financial Results 22 Commercial Segment 17 Analyst Coverage 24 Contact Us 25 YEAR-END 2024 FINANCIAL RESULTS 2
Slide 3: Disclaimers and References
DISCLAIMERS AND REFERENCES ADDITIONAL REFERENCE MATERIALS THIRD-PARTY NAMES AND TRADEMARKS This presentation should be read in conjunction with materials from Envela Corporation. (“Envela” or All product and company names are trademarks or registered trademarks of the respective third- the “Company”
Slide 4: Overview
CO N S U M E R S E G M E N T OVERVIEW Retail Wholesale Online Manufacturing • Bullion • Bullion • Bullion • Value manufacturing Envela is a portfolio of • Designer handbags • Diamonds & gemstones • Numismatics & collectibles capabilities utilizing • Fine jewelry leading brands dedicated to • Numisma
Slide 5: Financial Performance
5 YEAR-END 2024 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $182,686 $180,376 $175,264 $140,966 Fiscal Year 2024: $113,922 Revenue of $180.4 million Gross Margin of $44.3 million 2020 2021 2022 2023 2024 Q4 2024: Revenue of $48.3 million Consolidated Gross Margin ($ in thousands) YEAR-END
Slide 7: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $13,945 $9,497 $8,757 $8,159 Fiscal Year 2024: $6,787 Operating Income of $8.1 million Adjusted EBITDA of $9.7 million 2020 2021 2022 2023 2024 Q4 2024: Operating Income of $1.6 million Consolidated Adjusted E
Slide 8: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Consolidated Shareholders' Equity ($ in thousands) $52,652 $48,309 $43,316 $27,627 $17,578 Year Ended 12/31/2024: Shareholders’ Equity of $52.7 Million 2020 2021 2022 2023 2024 Cash and Cash Equivalents of $20.6 Million Total Debt of $13.5 Million Consolidated Net Cash (D
Slide 9: Share Repurchases
Envela SHARE REPURCHASES The company has implemented a strategic buyback program of one million shares, recognizing the inherent value of repurchasing stock when it is undervalued. This initiative reflects our ongoing commitment to maximizing shareholder value. Repurchased as of 12/31/24: 928,930 Re
Slide 10: Fiscal Year
Envela FISCAL YEAR $000s FY 2024 FY 2023 $ % Fiscal Year 2024 vs. Fiscal Year 2023: Sales 180,376 175,264 5,112 2.9% Cost of goods sold 136,060 133,607 2,453 1.8% Gross margin $ 44,316 $ 41,657 2,659 6.4% Revenue increased 2.9% to $180.4 million in 2024 compared to $175.3 million in 2023 Expenses: S
Slide 11: Quarter to Date
Envela QUARTER TO DATE $000s Q4 2024 Q4 2023 $ % Sales 48,322 37,482 10,840 28.9% Q4 2024 vs. Q4 2023: Cost of goods sold 37,180 27,732 9,449 34.1% Gross margin $ 11,141 $ 9,750 1,391 14.3% Revenue increased 28.9% to $48.3 million in the fourth Expenses: quarter of 2024 compared to $37.5 million in
Slide 12: Consumer Segment
YEAR-END 2024 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Adjusted EBITDA
Consumer Segment ADJUSTED EBITDA Consumer Segment Adjusted EBITDA ($ in thousands) $7,472 Fiscal Year 2024: $4,980 $5,008 Adjusted EBITDA of $0.7 million $3,437 Q4 2024: Adjusted EBITDA of $0.4 million $670 YEAR-END 2024 FINANCIAL RESULTS 2020 2021 2022 2023 2024 13
Slide 14: Consumer Segment Fiscal Year
Consumer Segment FISCAL YEAR $000s FY 2024 FY 2023 $ % Sales 130,469 129,414 1,056 0.8% Fiscal Year 2024 vs. Fiscal Year 2023: Cost of goods sold 114,588 113,765 822 0.7% Gross margin $ 15,882 $ 15,649 233 1.5% Revenue increased 0.8% to $130.5 million in 2024 Expenses: compared to $129.4 million in
Slide 15: Consumer Segment Quarter to Date
Consumer Segment QUARTER TO DATE $000s Q4 2024 Q4 2023 $ % Q4 2024 vs. Q4 2023: Sales 36,497 26,187 10,310 39.4% Cost of goods sold 32,102 22,207 9,895 44.6% Gross margin $ 4,395 $ 3,980 415 10.4% Revenue increased 39.4% to $36.5 million in the fourth quarter of 2024 compared to $26.2 million in the
Slide 16: Commercial Segment
YEAR-END 2024 FINANCIAL RESULTS COMMERCIAL CONSUMER SEGMENT SEGMENT 16
Slide 17: Commercial Segment Adjusted EBITDA
Commercial Segment ADJUSTED EBITDA Commercial Segment Adjusted EBITDA ($ in thousands) $9,041 $7,924 Fiscal Year 2024: $5,443 Adjusted EBITDA of $9.0 million $5,111 $4,079 Q4 2024: Adjusted EBITDA of $2.0 million YEAR-END 2024 FINANCIAL RESULTS 2020 2021 2022 2023 2024 17
Slide 18: Commercial Segment Fiscal Year
Commercial Segment FISCAL YEAR $000s FY 2024 FY 2023 $ % Fiscal Year 2024 vs. Fiscal Year 2023: Sales 49,907 45,850 4,057 8.8% Cost of goods sold 21,473 19,842 1,631 8.2% Gross margin $ 28,434 $ 26,008 2,426 9.3% Revenue increased 8.8% to $49.9 million in 2024 compared to $45.9 million in 2023 Expen
Slide 19: Commercial Segment Quarter to Date
Commercial Segment QUARTER TO DATE $000s Q4 2024 Q4 2023 $ % Q4 2024 vs. Q4 2023: Sales 11,825 11,295 530 4.7% Cost of goods sold 5,079 5,525 (446) -8.1% Revenue increased 4.7% to $11.8 million in the fourth Gross margin $ 6,746 $ 5,771 976 16.9% quarter of 2024 compared to $11.3 million in the prio
Slide 20: Appendices
YEAR-END 2024 FINANCIAL RESULTS 20 APPENDICES
Slide 21: Glossary
GLOSSARY ADJUSTED EBITDA Adjusted EBITDA is a non-U.S. GAAP measure and equals net income plus (a) depreciation and amortization expense, (b) interest expense, (c) income tax expense, less (d) other income. GROSS MARGIN Gross Margin is the amount of revenue less cost of goods sold, as a percent of t
Slide 22: Historical Financial Results
HISTORICAL Consolidated $000s, except per unit amounts FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FINANCIAL Sales 113,922 140,966 182,686 175,264 180,376 Cost of goods sold 90,853 109,745 137,859 133,607 136,060 Gross margin $23,069 $31,221 $44,827 $41,657 $44,316 RESULTS Expenses: Selling, general and
Slide 23: Historical Segment Results
Consumer Segment Commercial Segment $000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 $000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Sales 85,661 96,719 131,107 129,414 130,469 Sales 28,261 44,247 51,578 45,850 49,907 Cost of goods sold 75,292 84,111 114,873 113,765 114,588 Cost of goods sold 15,562 25,6
Slide 24: Analyst Coverage
ANALYST COVERAGE Jeff Van Sinderen Richard Magnusen Mark Argento A N A LY S T A N A LY S T A N A LY S T jVansinderen@brileyfin.com rmagnusen@brileyfin.com mark.argento@lakestreetcm.com 310-966-9098 310-966-9368 612-326-1311 YEAR-END 2024 FINANCIAL RESULTS brileyfin.com lakestreetcapitalmarkets.com S
Slide 25: Contact Us
THANK YOU CONTACT US HEADQUARTERS Envela Corporation 1901 Gateway Drive Irving, TX 75038 PHONE (972) 587-4049 INVESTOR RELATIONS CONTACT ir@envelacorp.com envela.com