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NVFY - Nova Lifestyle Inc
$2.32
-0.04(-1.69%)8:00:00 PM 10/21/2021
Nova LifeStyle, Inc., together with its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living rooms, dining rooms, bedrooms, and home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company distributes its products through internet sales, online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. It offers its products under the Diamond Sofa and Bright Swallow brands. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
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    09/1/2021NVFY
    Nova LifeStyle Inc. Provides Update on Successful Las Vegas Market 2021 Tradeshow

    Photo 1 Photo 1 Photo 2 Photo 2 Photo 3 Photo 3 LOS ANGELES, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, participated at Las Vegas Market Summer 2021 which took place August 22 - 26. Las Vegas Market (LVMKT) showcased thousands of home furnishings lines on one easy-to-navigate campus, highlighting West Coast style and exclusive designs. Within four connec

    08/16/2021NVFY
    Nova LifeStyle, Inc. Reports Second Quarter FY 2021 Results

    LOS ANGELES, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the second quarter ended June 30, 2021. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2021 Net sales for three months ended June 30, 2021 were $3.6 million, an increase of 55% from $2.3 million in the same period of 2020.Gross profit (loss) was ($4.0 million), compared to $0.9 million profit in the same

    07/23/2021NVFY
    Nova Lifestyle, Inc. Announces Pricing of $3.1 Million Registered Direct Offering

    LOS ANGELES, July 23, 2021 (GLOBE NEWSWIRE) -- Nova Lifestyle, Inc. (NASDAQ Capital Market: NVFY) (the "Company"), today announced that it has entered into definitive agreements with certain institutional investors to purchase 1,114,508 of its shares of common stock in a registered direct offering. Additionally, the Company has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate of 1,114,508 shares of common stock in a concurrent private placement. The comb

    06/21/2021NVFY
    Nova LifeStyle Exhibits New Design Line at First High Point Market Furniture Trade Show Following Pandemic

    Nova LifeStyle Nova LifeStyle Nova LifeStyle Nova LifeStyle LOS ANGELES, June 21, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, has successfully exhibited a new design line at the High Point Market furniture trade show June 5th thru 9th. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “The event is always a special place for our company

    05/17/2021NVFY
    Nova LifeStyle, Inc. Reports First Quarter FY 2021 Results

    LOS ANGELES, May 17, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2021. Key Financial Highlights: Net sales for three months ended March 31, 2021 were $3.3 million, an increase of 51% from $2.2 million in the same period of 2020.Net loss from continuing operations for the three months ended March 31, 2021 was $763,537, as compared to a loss from continuing operations of $1....

    03/29/2021NVFY
    Nova LifeStyle Announces Fiscal 2020 Results

    LOS ANGELES, March 29, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the fiscal year ended December 31, 2020. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “I want to emphasize our view of the Company’s importance to the communities where we have a presence throughout the globe and of our ongoing focus on keeping our employees safe while supporting customers during the pandemi...