Nova LifeStyle, Inc. Reports First Quarter FY 2024 Results [Yahoo! Finance]
Nova Lifestyle, Inc (NVFY)
US:NASDAQ Investor Relations:
novalifestyle.com/profile
Company Research
Source: Yahoo! Finance
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 maintaining satisfactory inventory levels.” Key Financial Highlights: Net sales for the three months ended March 31, 2024 were $2.38 million, an increase of 27% from $1.87 million for the same period of 2023. This increase in net sales resulted primarily from a 30% increase in sales volume while partially offset by 3% decrease in average selling price. Our three largest selling product categories for the three months ended March 31, 2024 were sofas, beds and chairs, which accounted for approx
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News
- Nova LifeStyle, Inc. Reports First Quarter FY 2024 ResultsGlobeNewswire
- Nova LifeStyle Announces Fiscal 2023 Results [Yahoo! Finance]Yahoo! Finance
- Nova LifeStyle Announces Fiscal 2023 ResultsGlobeNewswire
NVFY
Sec Filings
- 6/7/24 - Form EFFECT
- 6/3/24 - Form 8-K
- 5/29/24 - Form S-3
- NVFY's page on the SEC website