Nova Lifestyle, Inc. Reports Third Quarter FY 2019 Results
Nova Lifestyle, Inc (NVFY)
US:NASDAQ Investor Relations:
novalifestyle.com/profile
Company Research
Source: GlobeNewswire
LOS ANGELES, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Nova Lifestyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the quarter and nine months ended September 30, 2019. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “I am pleased to announce that our third quarter 2019 net sales more than doubled our second quarter 2019 net sales. We believe that this quarter to quarter revenue increase reflects the market’s acceptance of our new higher margin product line and indicates great promise of continued revenue growth from our new product line. We will continue to work to enhance our distribution channels for our new products in an effort to continue to increase our revenues and return to profitability.” Key Financial Highlights: Net sales for three months ended September 30, 2019 were $9.3 million, a decrease of 44% from $16.7 million in the same period of 2018.Net loss for the three months ended September
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Sec Filings
- 11/14/24 - Form 10-Q
- 11/12/24 - Form S-3
- 10/28/24 - Form 8-K
- NVFY's page on the SEC website