Envela Corp

ELA · AMEX · Consumer Cyclical / Luxury Goods

10.42USD+0.03 (+0.29%)

Price History

Full chart

Market Stats

Previous Close10.39

Open10.53

Day Range10.11 – 10.53

52-Week Range7.14 – 29.68

Volume105.00K

Market Cap327.66M

P/E (TTM)14.67

Forward P/E54.05

EPS0.86

Dividend Yield0.00%

Beta0.37

50-Day Avg16.40

200-Day Avg17.47

About

Envela Corporation, together with its subsidiaries, provides recommerce and recycling services in the United States. It operates in two segments, Consumer and Commercial. The company is involved in the online and brick-and-mortar sale of authenticated high-end luxury goods, including fine jewelry, diamonds and gemstones, luxury watches, and secondary market bullion. It also offers precious metal products. In addition, it provides end-of-life management of IT assets comprising data destruction, asset refurbishment, and remarketing; and detailed asset disposition data services. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.

Company Details

SectorConsumer Cyclical
IndustryLuxury Goods
CEOMr. John Richardson Loftus
Employees276
Headquarters1901 Gateway Drive, Irving, TX, United States, 75038, USA
Websitehttps://www.envela.com

Leadership

Mr. John G. DeLucaCFO, Secretary & Treasurer · b. 1977
Mr. John Richardson LoftusChairman, CEO & President · b. 1970
Mr. Joel S. FriedmanChief Information Officer · b. 1969

Financials

Income Statement

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	25.90M	45.50M	15.60M	11.30M	14.80M	13.20M	13.20M	13.80M	12.90M	15.80M	21.70M	24.97M	21.12M	22.02M	26.21M	28.64M	35.64M	44.08M	62.97M	105.22M	85.37M	82.57M	149.63M	127.88M	108.54M	70.74M	60.92M	48.33M	61.99M	54.06M	82.02M	113.92M	140.97M	182.69M	175.26M	180.38M	241.02M
Growth (%)	-	+75.68%	-65.71%	-27.56%	+30.97%	-10.81%	0.00%	+4.55%	-6.52%	+22.48%	+37.34%	+15.07%	-15.43%	+4.28%	+19.03%	+9.28%	+24.43%	+23.69%	+42.84%	+67.10%	-18.86%	-3.28%	+81.22%	-14.54%	-15.12%	-34.82%	-13.89%	-20.67%	+28.28%	-12.81%	+51.74%	+38.89%	+23.74%	+29.60%	-4.06%	+2.92%	+33.62%
Cost of Revenue	24.20M	43.30M	13.80M	9.80M	13.00M	11.10M	10.90M	10.50M	10.50M	13.30M	17.20M	18.95M	16.04M	16.63M	20.39M	22.74M	29.12M	36.85M	51.73M	91.24M	73.11M	70.77M	128.24M	103.59M	88.78M	58.09M	51.19M	40.02M	50.71M	44.38M	65.77M	90.85M	109.74M	137.86M	133.61M	136.06M	187.10M
Gross Profit	1.70M	2.20M	1.80M	1.50M	1.80M	2.10M	2.30M	3.30M	2.40M	2.50M	4.50M	6.02M	5.08M	5.39M	5.82M	5.90M	6.52M	7.23M	11.24M	13.98M	12.26M	11.80M	21.38M	24.28M	19.76M	12.65M	9.73M	8.31M	11.29M	9.68M	16.26M	23.07M	31.22M	44.83M	41.66M	44.32M	53.92M
Gross Margin	6.56%	4.84%	11.54%	13.27%	12.16%	15.91%	17.42%	23.91%	18.60%	15.82%	20.74%	24.11%	24.04%	24.47%	22.19%	20.60%	18.30%	16.41%	17.84%	13.29%	14.37%	14.29%	14.29%	18.99%	18.21%	17.88%	15.97%	17.19%	18.21%	17.91%	19.82%	20.25%	22.15%	24.54%	23.77%	24.57%	22.37%
Operating Expense	1.80M	2.00M	1.70M	1.70M	1.40M	1.70M	2.10M	1.90M	1.90M	2.30M	3.80M	5.86M	5.07M	4.85M	4.67M	4.85M	5.49M	5.91M	9.98M	10.33M	11.16M	15.36M	15.41M	25.50M	22.17M	13.05M	11.68M	11.91M	9.33M	9.03M	13.01M	16.28M	21.72M	30.88M	32.90M	36.16M	35.82M
Operating Income	-100.00K	200.00K	100.00K	-200.00K	400.00K	400.00K	200.00K	1.40M	500.00K	200.00K	700.00K	164.50K	8.71K	540.27K	1.14M	1.05M	1.03M	1.32M	1.26M	3.65M	1.10M	-3.56M	5.98M	-1.21M	-2.41M	-402.07K	-1.96M	-3.60M	1.95M	651.43K	3.24M	6.79M	9.50M	13.94M	8.76M	8.16M	18.11M
Operating Margin	-0.39%	0.44%	0.64%	-1.77%	2.70%	3.03%	1.52%	10.14%	3.88%	1.27%	3.23%	0.66%	0.04%	2.45%	4.36%	3.67%	2.88%	3.00%	2.00%	3.47%	1.29%	-4.32%	3.99%	-0.95%	-2.22%	-0.57%	-3.22%	-7.44%	3.15%	1.21%	3.95%	5.96%	6.74%	7.63%	5.00%	4.52%	7.51%
EBITDA	400.00K	300.00K	200.00K	-100.00K	500.00K	500.00K	300.00K	1.50M	600.00K	400.00K	900.00K	552.46K	436.38K	1.10M	1.35M	1.18M	1.19M	1.55M	1.51M	4.14M	1.51M	11.56M	6.41M	-458.25K	-1.55M	154.69K	-1.42M	-3.19M	2.31M	978.22K	3.81M	7.82M	11.79M	16.32M	10.85M	10.75M	21.00M
EBITDA Margin	1.54%	0.66%	1.28%	-0.88%	3.38%	3.79%	2.27%	10.87%	4.65%	2.53%	4.15%	2.21%	2.07%	4.98%	5.15%	4.11%	3.34%	3.51%	2.40%	3.93%	1.77%	14.01%	4.28%	-0.36%	-1.43%	0.22%	-2.32%	-6.60%	3.72%	1.81%	4.65%	6.87%	8.37%	8.93%	6.19%	5.96%	8.71%
Net Income	-600.00K	-100.00K	-	-200.00K	200.00K	200.00K	-	1.40M	1.10M	400.00K	300.00K	251.68K	-324.56K	429.31K	-524.14K	350.83K	485.19K	611.25K	875.96K	-7.85M	-313.69K	5.66M	1.01M	-2.31M	-2.66M	-4.52M	-2.25M	-4.01M	1.84M	657.68K	2.78M	6.38M	10.05M	15.69M	7.15M	6.76M	14.60M
Net Income Margin	-2.32%	-0.22%	-	-1.77%	1.35%	1.52%	-	10.14%	8.53%	2.53%	1.38%	1.01%	-1.54%	1.95%	-2.00%	1.22%	1.36%	1.39%	1.39%	-7.46%	-0.37%	6.86%	0.68%	-1.81%	-2.45%	-6.39%	-3.70%	-8.29%	2.97%	1.22%	3.39%	5.60%	7.13%	8.59%	4.08%	3.75%	6.06%
Interest Expense	100.00K	200.00K	100.00K	100.00K	100.00K	200.00K	200.00K	200.00K	0	200.00K	0	497.00K	467.69K	270.02K	268.34K	247.69K	290.74K	408.27K	675.20K	902.90K	401.11K	383.99K	0	306.45K	261.19K	341.38K	347.97K	364.53K	199.24K	149.54K	414.96K	620.50K	704.05K	483.69K	463.20K	447.38K	406.64K
Interest Expense % of Total Revenue	0.39%	0.44%	0.64%	0.88%	0.68%	1.52%	1.52%	1.45%	0.00%	1.27%	0.00%	1.99%	2.21%	1.23%	1.02%	0.86%	0.82%	0.93%	1.07%	0.86%	0.47%	0.47%	0.00%	0.24%	0.24%	0.48%	0.57%	0.75%	0.32%	0.28%	0.51%	0.54%	0.50%	0.26%	0.26%	0.25%	0.17%

Balance Sheet

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	3.70M	3.50M	2.40M	2.20M	3.10M	3.60M	3.90M	5.30M	6.80M	6.80M	12.50M	13.41M	11.40M	10.55M	11.07M	10.28M	11.83M	13.15M	36.86M	31.34M	31.66M	30.26M	27.65M	26.11M	24.90M	18.91M	16.15M	12.91M	13.31M	13.02M	27.00M	40.58M	59.27M	71.28M	73.47M	77.87M	96.02M
Total Liabilities	2.80M	2.10M	1.00M	1.10M	1.50M	1.80M	2.10M	3.20M	3.80M	3.90M	8.70M	8.42M	6.93M	5.79M	5.71M	4.69M	5.76M	6.47M	16.58M	18.75M	19.22M	11.77M	12.36M	13.03M	14.48M	12.82M	12.28M	7.01M	5.56M	4.60M	15.81M	23.00M	31.64M	27.96M	25.17M	25.22M	28.96M
Total Equity	900.00K	1.40M	1.40M	1.10M	1.60M	1.80M	1.80M	2.10M	3.00M	2.90M	3.80M	4.99M	4.47M	4.75M	5.36M	5.59M	6.07M	6.68M	20.28M	12.60M	12.44M	18.49M	15.29M	13.08M	10.42M	6.09M	3.87M	5.91M	7.76M	8.41M	11.19M	17.58M	27.63M	43.32M	48.31M	52.65M	67.06M
Cash	-	100.00K	300.00K	200.00K	400.00K	400.00K	400.00K	900.00K	1.30M	1.00M	1.30M	1.36M	1.06M	498.41K	735.29K	314.90K	1.04M	1.21M	536.55K	244.43K	1.45M	871.47K	6.07M	4.91M	3.21M	2.18M	1.75M	1.41M	1.27M	1.45M	4.51M	9.22M	10.14M	17.17M	17.85M	20.61M	18.15M
Total Debt	1.60M	1.20M	800.00K	800.00K	1.20M	1.30M	1.60M	2.40M	2.40M	2.10M	6.20M	4.68M	4.79M	3.93M	3.46M	3.37M	4.17M	4.75M	14.18M	16.10M	15.16M	7.29M	2.95M	2.02M	4.27M	4.06M	3.92M	13.66K	2.35K	-	13.26M	20.22M	26.18M	22.03M	19.30M	18.37M	19.86M
Net Debt	1.60M	1.10M	500.00K	600.00K	800.00K	900.00K	1.20M	1.50M	1.10M	1.10M	4.90M	3.32M	3.73M	3.43M	2.72M	3.06M	3.13M	3.54M	13.64M	15.86M	13.71M	6.42M	-3.15M	-2.89M	1.06M	1.88M	2.17M	-1.40M	-1.27M	-1.45M	8.75M	11.00M	16.04M	4.86M	1.45M	-2.24M	1.70M

Cash Flow

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	700.00K	-	300.00K	-	-200.00K	200.00K	-100.00K	100.00K	1.20M	500.00K	-1.10M	2.73M	-290.27K	330.98K	752.03K	-441.93K	273.13K	247.79K	-4.28M	-1.07M	1.32M	-1.80M	6.65M	-475.18K	329.80K	-85.26K	133.85K	381.55K	248.28K	375.22K	-542.83K	6.90M	2.81M	10.02M	5.84M	10.19M	2.58M
Investing Cash Flow	-	-	-	-100.00K	-	-200.00K	100.00K	800.00K	-200.00K	-400.00K	-200.00K	-553.61K	-46.98K	-35.49K	-42.81K	106.34K	-246.38K	-658.79K	-3.92M	-	851.20K	-73.14K	-70.68K	-878.83K	-640.72K	-155.35K	-437.06K	1.07M	-376.84K	-191.13K	-6.04M	-7.96M	-4.88M	-229.34K	-1.76M	-3.76M	-1.25M
Financing Cash Flow	-	-	-100.00K	-100.00K	400.00K	100.00K	100.00K	-400.00K	-700.00K	-400.00K	1.50M	-1.17M	38.09K	-860.13K	-472.34K	-84.80K	701.19K	578.45K	7.53M	2.00M	-942.39K	1.30M	-1.24M	-373.23K	-1.39M	-212.69K	-143.51K	-1.60M	-11.31K	-2.35K	9.64M	5.77M	2.99M	-2.76M	-3.40M	-3.68M	-3.79M
Capital Expenditure	0	0	0	100.00K	0	100.00K	100.00K	100.00K	100.00K	100.00K	200.00K	147.17K	31.23K	25.02K	34.46K	43.66K	285.46K	42.06K	3.78M	1.13M	419.78K	128.08K	534.20K	938.14K	640.72K	155.35K	437.06K	1.18M	376.84K	191.13K	162.99K	5.86M	3.14M	272.75K	2.24M	3.46M	1.20M
Free Cash Flow	700.00K	-	300.00K	-100.00K	-200.00K	100.00K	-200.00K	-	1.10M	400.00K	-1.30M	2.58M	-321.50K	305.95K	717.57K	-485.60K	-12.32K	205.74K	-8.06M	-2.20M	898.03K	-1.93M	6.11M	-1.41M	-310.91K	-240.61K	-303.20K	-798.23K	-128.56K	184.09K	-705.82K	1.03M	-333.65K	9.75M	3.60M	6.73M	1.38M
FCF to OCF	100.00%	-	100.00%	-	100.00%	50.00%	200.00%	-	91.67%	80.00%	118.18%	94.61%	110.76%	92.44%	95.42%	109.88%	-4.51%	83.03%	188.30%	205.86%	68.15%	107.12%	91.96%	297.43%	-94.27%	282.21%	-226.52%	-209.21%	-51.78%	49.06%	130.03%	14.97%	-11.89%	97.28%	61.69%	66.05%	53.48%

Earnings

Report Date	Mar 31, 1998	Jun 30, 1998	Sep 30, 1998	Mar 31, 1999	Jun 30, 1999	Sep 30, 1999	Mar 31, 2000	Jun 30, 2000	Sep 30, 2000	Mar 31, 2001	Jun 30, 2001	Sep 30, 2001	Mar 31, 2002	Jun 30, 2002	Sep 30, 2002	Mar 31, 2003	Jul 24, 2003	Nov 5, 2003	May 13, 2004	Aug 12, 2004	Nov 11, 2004	May 13, 2005	Aug 12, 2005	Nov 11, 2005	May 1, 2006	Aug 7, 2006	Oct 26, 2006	Apr 30, 2007	Aug 14, 2007	Nov 14, 2007	May 13, 2008	Aug 14, 2008	Nov 13, 2008	May 14, 2009	Aug 17, 2009	Nov 17, 2009	May 18, 2010	Aug 16, 2010	Nov 16, 2010	May 17, 2011	Aug 15, 2011	Nov 15, 2011	Feb 29, 2012	May 15, 2012	Aug 13, 2012	Oct 31, 2012	Mar 28, 2013	May 15, 2013	Aug 14, 2013	Nov 14, 2013	Mar 28, 2014	May 15, 2014	Aug 14, 2014	Nov 14, 2014	Mar 27, 2015	May 13, 2015	Aug 13, 2015	Nov 12, 2015	May 16, 2016	Aug 15, 2016	Nov 14, 2016	Mar 30, 2017	Apr 14, 2017	Aug 11, 2017	Nov 8, 2017	Mar 21, 2018	May 15, 2018	Aug 18, 2018	Nov 19, 2018	Feb 27, 2019	Apr 12, 2019	Aug 19, 2019	Nov 13, 2019	Mar 26, 2020	May 12, 2020	Aug 6, 2020	Nov 5, 2020	Mar 23, 2021	May 5, 2021	Aug 4, 2021	Nov 4, 2021	Mar 16, 2022	May 11, 2022	Aug 3, 2022	Nov 2, 2022	Mar 16, 2023	May 3, 2023	Aug 2, 2023	Nov 8, 2023	Mar 20, 2024	May 8, 2024	Aug 7, 2024	Nov 5, 2024	Mar 18, 2025	May 7, 2025	Aug 6, 2025	Nov 5, 2025	Dec 31, 2025	May 6, 2026	Aug 5, 2026	Nov 4, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.02	0.04	0.04	0.05	0.06	0.09	0.10	0.07	0.10	0.12	0.14	0.04	0.08	0.07	0.07	0.06	0.05	0.04	0.05	0.07	0.07	0.06	0.09	0.13	0.12	0.14
EPS Actual	0.05	0.09	-0.11	-0.09	0.02	0.00	0.02	0.06	0.01	-0.07	-0.02	-0.02	-0.01	-0.00	-0.01	-0.00	0.01	0.02	0.04	0.02	0.02	0.03	0.02	0.02	0.03	0.05	0.02	0.04	0.04	0.03	0.05	0.05	0.02	0.02	0.07	0.03	-0.01	0.72	0.01	0.03	0.05	0.01	0.00	0.04	-0.20	-0.04	0.01	0.02	-0.09	-0.12	-0.03	-0.04	-0.36	0.01	0.02	-0.07	-0.01	-0.04	-0.06	-0.04	-0.12	-0.08	0.01	0.02	0.02	0.19	0.01	0.01	-0.02	0.02	0.01	0.02	0.04	0.03	0.04	0.02	0.10	0.06	0.07	0.08	0.12	0.10	0.10	0.14	0.12	0.21	0.09	0.06	0.06	0.05	0.07	0.06	0.06	0.06	0.10	0.11	0.13	0.23	0.34	0.16	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	150.00%	50.00%	40.00%	33.33%	33.33%	0.00%	42.86%	40.00%	0.00%	50.00%	125.00%	-25.00%	-14.29%	-28.57%	16.67%	20.00%	50.00%	20.00%	42.86%	57.14%	116.67%	170.59%	161.54%	33.33%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours	Pre-market	-	After-hours	After-hours	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap327.66M

Enterprise Value299.46M

Trailing P/E14.67

Forward P/E54.05

Price / Sales1.12

Price / Book4.04

EPS0.86

Book Value3.08

Revenue (TTM)293.04M

Gross Profit (TTM)63.57M

EBITDA29.99M

Profit Margin7.63%

Operating Margin8.99%

Return on Equity32.45%

Return on Assets18.38%

Shares Outstanding25.96M

Shares Float6.75M

Beta0.37

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 2 analystsTarget 25.00

Strong Buy
2

Dividends

20163×

0.37Sep 12, 20160.37Jun 10, 20160.37Mar 10, 2016

20154×

0.37Dec 10, 20150.37Sep 10, 20150.37Jun 10, 20150.37Mar 11, 2015

20144×

0.37Dec 10, 20140.37Sep 10, 20140.37Jun 11, 20140.37Mar 12, 2014

20134×

0.37Dec 11, 20130.37Sep 11, 20130.37Jun 12, 20130.37Mar 12, 2013

20124×

0.37Dec 12, 20120.37Sep 12, 20120.37Jun 12, 20120.37Mar 12, 2012

20114×

0.37Dec 12, 20110.37Sep 12, 20110.37Jun 10, 20110.46Mar 10, 2011

Stock Splits

Aug 25, 19881:6