Filing Flows › Envela (ELA) › Q4 2024
Envela (ELA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Envela (ELA) reported revenue of $48.3M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and +3% from the quarter before. Operating margin was 3.9%, net earnings $1.6M (3.3% of revenue).
Envela, Q4 2024: revenue $48.3M (+29% year over year), operating margin 3.9%, net earnings $1.6M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | +3% | +29% |
| Gross profit | $11.1M | -3% | +14% |
| Operating profit | $1.9M | -7% | +19% |
| Net earnings | $1.6M | -5% | +22% |
| Operating cash flow | $3.7M | +9% | +58% |
| Free cash flow | $3.2M | +123% | +71% |
What changed
Revenue was $48.3M in Q4 2024, up 29% year over year and up 3% from the previous quarter. Consumer segment was the largest line at 76% of revenue.
Gross margin was 23.1%, down 3.0 points from a year earlier. Operating profit was $1.9M, a 3.9% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 4% margin then. Operating expenses grew 13% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $1.6M, up 22% year over year. The effective tax rate was 20.4%.
Operating cash flow was $3.7M (up 58% year over year), 234% of net earnings. Non-cash charges added back $431K of depreciation and amortization. Working capital and other items added $1.7M. Capital expenditures of $504K left free cash flow of $3.2M.
Questions
What was Envela's revenue in the fourth quarter 2024?
Envela (ELA) reported revenue of $48.3M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and +3% from the quarter before.
Was Envela profitable in the fourth quarter 2024?
Operating profit was $1.9M (3.9% of revenue) and net earnings $1.6M.
Source: Envela 10-K on SEC EDGAR.