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
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
LOS ANGELES, April 15, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ:NVFY) ("Nova LifeStyle" or the "Company") today announced financial results for the fiscal year ended December 31, 2023. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, "We are encouraged with the overall performance as we have improved our margins and increased sales volume throughout the entire year, although pricing pressure has been an issue. We believe some of the initiatives we took in the past, in which we discontinued operations that were not a good fit for us moving forward, should allow us at least to maintain our gross profit margins." Financial Results for the Year Ended
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, 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 and outstanding immediately prior to the filing of the Certificate of Change was consolidated into one issued and outstanding share. All stockholders who would be entitled to receive fractional shar
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 continuing operations for three months ended March 31, 2023 were $1.87 million, compared to $3.67 million in the same period of 2022. The decrease in net sales is mainly attributed to the
10-Q - Nova Lifestyle, Inc. (0001473334) (Filer)
DEF 14A - Nova Lifestyle, Inc. (0001473334) (Filer)
DEFA14A - Nova Lifestyle, Inc. (0001473334) (Filer)
DEF 14A - Nova Lifestyle, Inc. (0001473334) (Filer)
8-K - Nova Lifestyle, Inc. (0001473334) (Filer)
PRE 14A - Nova Lifestyle, Inc. (0001473334) (Filer)
10-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)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G/A - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G/A - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G/A - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
SC 13G - Nova Lifestyle, Inc. (0001473334) (Subject)
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
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)
4 - Nova Lifestyle, Inc. (0001473334) (Issuer)