Envela Corporation Reports Strong Q2 Financial Results with Revenue of $54.9 Million and Earnings Per Share of $0.11.

Envela Corporation Reports Strong Second Quarter Financial Results

IRVING, TX / ACCESS Newswire / August 6, 2025 — Envela Corporation (“Envela” or the “Company”) announced its financial results for the second quarter ended June 30, 2025. The company reported quarterly revenue of $54.9 million and quarterly earnings per diluted share of $0.11.

Management Commentary

John Loftus, Envela’s CEO, highlighted the company’s strong performance, attributing it to disciplined execution across both consumer and commercial businesses. “In our consumer business, we continue to optimize the operating model as we scale our retail footprint,” Loftus said. “On the commercial side, our service-based returns business is becoming a more significant revenue driver, contributing to higher gross margins, while we remain disciplined in managing overhead.”

John DeLuca, Envela’s CFO, noted that the company’s operating income grew by 70.5% compared to the same quarter last year. This growth was driven by strong contributions from both the consumer and commercial segments. “The consumer segment benefited from growth in wholesale precious metals and increased retail store revenues,” DeLuca explained. “The commercial segment saw improved margins from a favorable product mix and its service-based returns business, despite lower volumes.”

Envela maintained disciplined overhead control, resulting in a 38.4% increase in net cash to $9.8 million as of June 30, 2025.

Company Overview

Envela Corporation is a United States-based company operating in the Consumer Discretionary sector, specifically within the Specialty Retail industry. The company is listed on the NYSE American with a market capitalization of $140.89 million. As of August 4, 2025, Envela’s close price was $5.62, with a 52-week high of $7.88 on December 15, 2024, and a 52-week low of $4.20 on August 7, 2024. The company’s price-to-earnings ratio stands at 19.696.

Drilling Approved at Webbs Silver Project

RAPID CRITICAL METALS LTD (ASX: RCM) / August 6, 2025

Rapid Critical Metals Limited (ASX: RCM) announced the approval of a 2,000-meter diamond drilling program at the Webbs South site, part of the Webbs Silver Project in New South Wales. The drilling is set to commence in approximately two weeks and aims to enhance resource classification and grow inventory, focusing on the southern strike and newly identified western lodes.

Highlights

Drilling Approved: The program targets a JORC 2025 upgrade, focusing on southern strike and newly identified western lodes.
New Discovery Potential: A microgravity survey has revealed prospective gravity anomalies west of the existing resource, interpreted as blind parallel lodes.
Extension Upside: New lidar imaging has clearly defined the reef at the known resource and along the strike, with previously unknown reef outcrops and historical workings. This reef extends further north and south along a large, structurally controlled system, offering multiple, untested, walk-up targets.

This drilling approval follows the recent acquisition of the NSW silver portfolio and marks the first step in a broader technical program planned across the Webbs and Conrads Silver Projects, reflecting a renewed focus on growth.

ELA Games Unleashes New Shooter Game “Shoot Happens”

Europeangaming.eu / August 4, 2025

ELA Games has launched its new shooter game, “Shoot Happens,” targeting players seeking mega wins and chaotic gameplay. The game promises an exciting experience with its dynamic and unpredictable shooting mechanics, appealing to fans of the shooter genre.