Nova LifeStyle, Inc., through 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 also provides physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Diamond Sofa brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
IPO Year:
Exchange: NASDAQ
Website: novalifestyle.com
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4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
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LOS ANGELES, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Nova Lifestyle, Inc. ("Nova" or the "Company") (NASDAQ: NVFY), today announced that the Company has invested approximately US$5.66 million to subscribe 99.815% interest of Preamble Capital, A Series of CGF2021 LLC that will acquire 6.667% interest of a certain fund that holds an aggregate of 353,772 shares of Common Stock of Space Exploration Technologies Corp., a Texas corporation ("SpaceX"), comprising of 121,805 shares of Class A Common Stock and 231,967 shares of Class C Common Stock of SpaceX. The investment in SpaceX represents a significant step in Nova's strategic transformation toward technology and innovation-driven sectors
Transaction Underscores ATIS's Execution Expertise in Tech-Driven Consumer Sectors NEW YORK, Sept. 5, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce that it served as the exclusive placement agent for Nova LifeStyle, Inc. (NASDAQ:NVFY) in connection with its follow-on public offering. The offering consisted of 9,836,054 shares of common stock and 19,672,108 warrants, priced at $0.915 per share and accompanying warrants, resulting in gross proceeds of $9 million before placement agent fees and offering expenses. Each share of common
LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company"), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the "Common Stock") and 19,672,108 warrants (the "Warrants") to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common Stock was sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an exercise price equal to 120% of the offer
LOS ANGELES, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company"), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the pricing of its best-efforts public offering of up to 9,522,393 shares of common stock (the "Common Stock") and up to 19,044,786 warrants (the "Warrants") to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common Stock is being sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an exercise price equal to
LOS ANGELES, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the second quarter ended June 30, 2025. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2025: Net sales for three months ended June 30, 2025 were $2.56 million, a decrease of 5% from $2.69 million in the same period of 2024.Gross profit was $1.28 million compared to $1.19 million in the same period of 2024.Net loss was ($289 thousand), compared to ($536 thousand) loss in the same period of 2024. Operating Results for the Six Months Ended June 30, 2025: Net sales for the six months ended June 30,
LOS ANGELES, May 15, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced financial results for the first quarter ended March 31, 2025. Mr. Xiaohua Lu, newly appointed Chief Executive Officer of Nova LifeStyle, stated, "This is a very exciting time for Nova LifeStyle as we strategize moving forward among the uncertainty related to tariffs and the impact on the furniture industry. The first quarter showed our products are well received considering an increase in revenues, all of which can be attributed to our higher margin product lines, which also improved our gross profit numbers and margins. As we plan for the remainder of 2025
LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced financial results for the fiscal year ended December 31, 2024. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, "The Company has substantially changed over the last few years. We have improved our day-to-day operations to ensure we have a long-term strategy in place to weather numerous storms, including the implementation of tariffs, the overall economy and uncertainty in the real estate sector. We are in the process of revamping our product line and will continue to look for new products to complement our existing products. It
LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the third quarter and nine months ended September 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2024: Net sales for three months ended Sept 30, 2024 were $2.6 million, an increase of 6% from $2.5 million in the same period of 2023.Gross profit was $1.2 million, compared to a gross profit of $1.1 million in the same period of 2023.Net loss from operations was $2.5 million, compared to $1.3 million loss in the same period of 2023. Operating Results for the Nine Months Ended Septembe
LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the second quarter ended June 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2024 Net sales for three months ended June 30, 2024 were $2.69 million, a decrease of 40% from $4.46 million in the same period of 2023.Gross profit was $1.19 million compared to $1.45 million in the same period of 2023.Net loss was ($563 thousand), compared to ($539 thousand) loss in the same period of 2023. Operating Results for the Six Months Ended June 30, 2024 Net sales for the six months ended June 30, 2
LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced financial results for the first quarter ended March 31, 2024. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, "It is with great pleasure that we announce financial and operating results that showed increases in revenues, sales volume and higher gross profit margins. We continue to collaborate with our customers to ensure we provide furniture that meets their needs with respect to design, functionality and trends, while also working with manufacturers and suppliers on a consistent basis resulting in product availability and maint
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
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8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
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8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
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LOS ANGELES, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the second quarter ended June 30, 2025. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2025: Net sales for three months ended June 30, 2025 were $2.56 million, a decrease of 5% from $2.69 million in the same period of 2024.Gross profit was $1.28 million compared to $1.19 million in the same period of 2024.Net loss was ($289 thousand), compared to ($536 thousand) loss in the same period of 2024. Operating Results for the Six Months Ended June 30, 2025: Net sales for the six months ended June 30,
LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the third quarter and nine months ended September 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2024: Net sales for three months ended Sept 30, 2024 were $2.6 million, an increase of 6% from $2.5 million in the same period of 2023.Gross profit was $1.2 million, compared to a gross profit of $1.1 million in the same period of 2023.Net loss from operations was $2.5 million, compared to $1.3 million loss in the same period of 2023. Operating Results for the Nine Months Ended Septembe
LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the second quarter ended June 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2024 Net sales for three months ended June 30, 2024 were $2.69 million, a decrease of 40% from $4.46 million in the same period of 2023.Gross profit was $1.19 million compared to $1.45 million in the same period of 2023.Net loss was ($563 thousand), compared to ($539 thousand) loss in the same period of 2023. Operating Results for the Six Months Ended June 30, 2024 Net sales for the six months ended June 30, 2
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 period of 2022.Net loss was ($1.3 million), compared to ($1.7 million) loss in the same period of 2022. Operating Results for the Nine Months Ended September 30, 2023 Net sales for the nine months end
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 2022. Net loss was ($539 thousand), compared to ($5.7 million) loss in the same period of 2022. Operating Results for the Six Months Ended June 30, 2023 Net sales for the six months ended Jun
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 in the same period of 2021.Net loss from operations was $1.7 million, compared to $1.4 million loss in the same period of 2021. Operating Results for the Nine Months Ended September 30, 2022: Net
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.Net loss was ($5.7 million), compared to ($6.3 million) loss in the same period of 2021. Operating Results for the Six Months Ended June 30, 2022 Net sales for the six mon
LOS ANGELES, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced its financial results for the third quarter ended September 30, 2021. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2021 Net sales for three months ended Sept 30, 2021 were $2.9 million, a decrease of 12% from $3.3 million in the same period of 2020.Gross profit was $1.4 million, compared to a gross loss of $6.6 million in the same period of 2020; Gross profit was $1.2 million if excluding our write down of $7.8 million of our slow-moving inventory in the same period of 2020.Net loss from continuing operations was $1
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 period of 2020. The gross profit (loss) for the period ended June 30, 2021 exclusive of the write-down for slow moving inventory of $5.53 million, would have been $1.5 million.Net loss was ($6.3 m
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