Nova Lifestyle, Inc (NVFY) News
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Latest NVFY News From Around the Web
Below are the latest news stories about NOVA LIFESTYLE INC that investors may wish to consider to help them evaluate NVFY as an investment opportunity.
Nova LifeStyle Stock Falls Despite Q3 Earnings Uptick Y/Y, Revenues UpNVFY reports third-quarter losses as operational costs rise. Sales growth in North America offers a glimmer of hope. |
Nova LifeStyle Third Quarter 2024 Earnings: US$0.72 loss per share (vs US$0.83 loss in 3Q 2023)Nova LifeStyle ( NASDAQ:NVFY ) Third Quarter 2024 Results Key Financial Results Revenue: US$2.62m (up 5.6% from 3Q... |
Nova LifeStyle, Inc. Reports Third Quarter FY 2024 ResultsLOS 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 o |
Zacks Initiates Coverage of Nova LifeStyle With Neutral RecommendationDiscover why Zacks rates Nova LifeStyle as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore NVFY's inventory management strengths and financial health amid market challenges. |
Nova LifeStyle Second Quarter 2024 Earnings: US$0.22 loss per share (vs US$0.37 loss in 2Q 2023)Nova LifeStyle ( NASDAQ:NVFY ) Second Quarter 2024 Results Key Financial Results Revenue: US$2.69m (down 40% from 2Q... |
Nova LifeStyle, Inc. Reports Second Quarter FY 2024 ResultsLOS 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 |
Nova LifeStyle, Inc. Reports First Quarter FY 2024 ResultsLOS 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 fu |
Nova LifeStyle Announces Fiscal 2023 ResultsLOS 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 |