Business ExpansionAn increased installed base of retail stores, ending the year at 12, should help build more predictability into the model and, with it, a higher valuation over time.
Financial PerformanceEnvela Corp reported strong financial results with a 27.2% increase in revenue, surpassing estimates.
Growth ProspectsAnalyst has increased the price target for Envela Corp from $6 to $7, indicating confidence in the company's growth prospects.