MARKET COMPOSITE
NVFY - Nova Lifestyle Inc8:00:00 PM 3/28/2024
Price
$2.99
+ 0.13 (4.55%)
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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Stock news

    LOS ANGELES, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2023. Key Financial Highlights:Operating Results for the Three Months Ended September 30, 2023 Net sales for three months ended September 30, 2023 were $2.5 million, a decrease of 18% from $3.0 million in the same period of 2022.Gross profit was $1.1 million compared to $1.1 million in the same perio

    LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the second quarter ended June 30, 2023. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2023 Net sales for three months ended June 30, 2023 were $4.5 million, an increase of 17% from $3.8 million in the same period of 2022. Gross profit was $1.4 million compared to ($3.5 million) loss in the same period of

    LOS ANGELES, May 23, 2023 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that it has completed a one-for-five reverse stock split (the “Reverse Stock Split”). On May 22, 2023, the Company filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State to effect the Reverse Stock Split, which became effective upon filing. As a result of the Reverse Stock Split, every 5 shares of the Company’s common stock issued

    Nova LifeStyle ( NASDAQ:NVFY ) First Quarter 2023 Results Key Financial Results Revenue: US$1.87m (down 49% from 1Q...

    LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2023. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “We are disappointed with the decline in sales that we experienced during the quarter, which we attribute to macro economic conditions and the monetary policy in the United States.” Key Financial Highlights: Net sales from con

    LOS ANGELES, April 17, 2023 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the fiscal year ended December 31, 2022. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “During 2022 we took a number of initiatives to ensure our product lines were marketed effectively throughout the globe, in the face of supply chain challenges and unprecedented spikes in international container freight cos

    LOS ANGELES, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2022. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2022: Net sales for three months ended Sept 30, 2022 were $3.0 million, an increase of 3% from $2.9 million in the same period of 2021.Gross profit was $1.1 million, compared to a gross profit of $1.4 million i

    LOS ANGELES, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the second quarter ended June 30, 2022. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2022 Net sales for three months ended June 30, 2022 were $3.8 million, an increase of 7% from $3.5 million in the same period of 2021.Gross loss was ($3.5 million), compared to ($4 million) in the same period of 2021.Ne

    LOS ANGELES, May 13, 2022 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2022. Key Financial Highlights: Net sales for three months ended March 31, 2022 were $3.67 million, an increase of 10% from $3.33 million in the same period of 2021.Net loss for the three months ended March 31, 2022 was $0.86 million, as compared to a net loss of $0.76 million in the same period of 2021. Tawn

    In Celebration of 30 years in the Home Furnishings Industry, Diamond Sofa readies its Single Largest Collection Launch in its HistoryIncreases International Presence LOS ANGELES, May 02, 2022 (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, is scheduled to launch its single largest collection at the 2022 Summer Edition of Las Vegas Market, July 24 to 28, 2022.Las Vegas Marke