Envela (AMEX:ELA) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Envela beat estimated earnings by 125.0%, reporting an EPS of $0.09 versus an estimate of $0.04.

Revenue was up $974 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 8.03% drop in the share price the next day.

Here's a look at Envela's past performance:

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Envela visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.