Envela Corporation · AMEX:ELA
Envela — Q1 2025 Earnings Presentation
23 slides from Envela's earnings presentation, May 2025
Slide 1: Q1-2025 Financial Results
Q1-2025 FINANCIAL RESULTS M AY 2 0 2 5
Slide 2: Index
INDEX INTRODUCTION FINANCIAL PERFORMANCE APPENDICES Disclaimers and References 3 Envela 6 Glossary 19 Overview 4 Consumer Segment 13 Historical Financial Results 20 Commercial Segment 16 Analyst Coverage 22 Contact Us 23 Q1- 2025 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 Q1- 2025 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Significant Items
Envela SIGNIFICANT ITEMS Net cash increased by 10.5% to $7.8 Opened our 3rd store in San Antonio, completing our million over the prior-year end. near-term goal of opening 6 stores. Received clearance to dual list on the NYSE Texas, paying homage to our home market, while also allowing for further o
Slide 7: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $182,686 $180,376 $188,774 $175,264 $140,966 $113,922 TTM 3/31/2025: Revenue of $188.8 million 2020 2021 2022 2023 2024 TTM Gross Margin of $46.0 million 3/31/2025 Q1 2025: Consolidated Gross Margin ($ in thousands) Revenue of $48
Slide 8: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $13,945 $9,497 $8,937 $8,757 $8,159 $6,787 TTM 3/31/2025: Operating Income of $9.0 million 2020 2021 2022 2023 2024 TTM Adjusted EBITDA of $10.6 million 3/31/2025 Q1 2025: Consolidated Adjusted EBITDA ($ in th
Slide 9: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Shareholders' Equity ($ in thousands) $55,143 $52,652 $48,309 $43,316 $27,627 $17,578 Period Ended 3/31/2025: 2020 2021 2022 2023 2024 3/31/2025 Shareholders’ Equity of $55.1 Million Cash and Cash Equivalents of $21.0 Million Net Cash ($ in thousands) Total Debt of $13.2
Slide 10: Share Repurchases
Envela SHARE REPURCHASES The company has implemented a strategic buyback program, recognizing the inherent value of repurchasing stock when it is undervalued. This initiative reflects our ongoing commitment to maximizing shareholder value. Repurchased as of 3/31/2025: 929,430 Remaining as of 3/31/20
Slide 11: Quarterly Results
Envela QUARTERLY RESULTS $000s Q1 2025 Q1 2024 $ % Sales 48,256 39,858 8,398 21.1% Q1 2025 vs. Q1 2024: Cost of goods sold 36,288 29,537 6,751 22.9% Gross margin $ 11,968 $ 10,321 $ 1,647 16.0% Revenue increased 21.1% to $48.3 million in the first Expenses: Selling, general and administrative 8,404
Slide 12: Consumer Segment
Q1- 2025 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Adjusted EBITDA
Consumer Segment ADJUSTED EBITDA Consumer Adjusted EBITDA ($ in thousands) $7,472 TTM 3/31/2025: $4,980 $5,008 Adjusted EBITDA of $0.7 million $3,437 Q1 2025: $670 695 Adjusted EBITDA of $0.3 million 2020 2021 2022 2023 2024 TTM 3/31/2025 Q1- 2025 FINANCIAL RESULTS 13
Slide 14: Consumer Segment Quarterly Results
Consumer Segment QUARTERLY RESULTS $000s Q1 2025 Q1 2024 $ % Sales 36,771 28,226 8,545 30.3% Q1 2025 vs. Q1 2024: Cost of goods sold 32,560 24,677 7,883 31.9% Gross margin $ 4,211 $ 3,549 $ 662 18.6% Revenue increased 30.3% to $36.8 million in the first Expenses: quarter of 2025 compared to $28.2 mi
Slide 15: Commercial Segment
COMMERCIAL CONSUMER Q1- 2025 FINANCIAL RESULTS SEGMENT SEGMENT 15
Slide 16: Commercial Segment Adjusted EBITDA
Commercial Segment ADJUSTED EBITDA Commercial Adjusted EBITDA ($ in thousands) 9,896 $9,041 TTM 3/31/2025: $7,924 Adjusted EBITDA of $9.9 million $5,443 $5,111 $4,079 Q1 2025: Adjusted EBITDA of $3.2 million 2020 2021 2022 2023 2024 TTM 3/31/2025 Q1- 2025 FINANCIAL RESULTS 16
Slide 17: Commercial Segment Quarterly Results
Commercial Segment QUARTERLY RESULTS $000s Q1 2025 Q1 2024 $ % Sales 11,485 11,632 (147) -1.3% Q1 2025 vs. Q1 2024: Cost of goods sold 3,728 4,860 (1,132) -23.3% Gross margin $ 7,757 $ 6,771 $ 986 14.6% Revenue decreased 1.3% to $11.5 million in the first Expenses: Selling, general and administrativ
Slide 18: Appendices
Q1- 2025 FINANCIAL RESULTS 18 APPENDICES
Slide 19: 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. U.S. Dollar GROSS MARGIN Gross Margin is the amount of revenue less cost of goods sold, as
Slide 20: Historical Financial Results
HISTORICAL Consolidated TTM FINANCIAL $000s, except per unit amounts FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 3/31/2025 Sales 113,922 140,966 182,686 175,264 180,376 188,774 Cost of goods sold 90,853 109,745 137,859 133,607 136,060 142,811 RESULTS Gross margin $ 23,069 $ 31,221 $ 44,827 $ 41,657 $ 44
Slide 21: Historical Segment Financial Results
Consumer Segment Commercial Segment TTM TTM $000s, except per unit amounts FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 3/31/2025 $000s, except per unit amounts FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 3/31/2025 Sales 85,661 96,719 131,107 129,414 130,469 139,014 Sales 28,261 44,247 51,578 45,850 49,907 4
Slide 22: 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 Q1- 2025 FINANCIAL RESULTS brileyfin.com lakestreetcapitalmarkets.com Source
Slide 23: Thank You / 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