Nova LifeStyle, Inc. Reports Second Quarter FY 2024 Results
Nova Lifestyle, Inc (NVFY)
US:NASDAQ Investor Relations:
novalifestyle.com/profile
Company Research
Source: GlobeNewswire
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, 2024 were $5.06 million, a decrease of 20% from $6.34 million in the same period 2023.Gross profit was $2.21 million, compared to $2.11 million in the same period of 2023.Net loss was ($2.03 million), compared to ($1.76 million) loss in the same period of 2023. Tawny Lam, Chairperson and Chief Exe
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