Nova Lifestyle, Inc

5.64-0.09 (-1.57%)

Oct 29, 4:00:01 PM EDT · NasdaqCM · NVFY · USD

Upcoming Earnings

Report date

≈ -

Key Stats

Market Cap

211.91M

P/E (TTM)

Basic EPS (TTM)

-0.68

Dividend Yield

Recent Filings

8-K

10/21/25Oct 21, 2025

8-K

Leadership shakeup at Nova

10/9/25Oct 9, 2025

Nova LifeStyle swiftly replaced its Corporate Secretary with a fresh face on October 7, 2025, as Min Su resigned without discord, paving the way for 28-year-old Yizhou Zhao to step in as both COO and Secretary. Zhao, a recent Columbia stats grad moonlighting as an internal data analyst, signed a one-year deal at $80,000 annually, complete with bonus potential and standard perks. This internal promotion injects young analytical talent into leadership. Yet, his limited experience raises questions on execution amid operational demands.

8-K

Nova invests in SpaceX via fund

9/29/25Sep 29, 2025

Nova LifeStyle's subsidiary, Nova Furniture Limited, subscribed to a 99.815% interest in Preamble Capital fund for $5,664,500.05 on September 25, 2025, gaining indirect exposure to approximately 6.667% of a fund holding 353,772 SpaceX shares—121,805 Class A and 231,967 Class C—with zero management fee. This diversifies Nova's portfolio into high-growth space tech, yet ties returns to SpaceX's volatile performance. No integration timeline disclosed.

8-K

Nova closes $9M offering

9/4/25Sep 4, 2025

Nova LifeStyle closed a $9.0 million best-efforts public offering on September 4, 2025, selling 9,836,054 common shares and 19,672,108 warrants at $0.915 each, netting $8.15 million after fees. Warrants exercise at $1.098 per share and expire in five years. Funds will fuel working capital, marketing, short-term debt repayment, and capital expenditures, bolstering liquidity amid furniture market pressures. Yet dilution looms large for shareholders.

10-Q

Q2 FY2025 results

8/14/25Aug 14, 2025

Nova LifeStyle posted Q2 FY2025 net sales of $2.6M, down 5% y/y but up from Q1's $2.6M (derived), with gross profit climbing to $1.3M and margins expanding to 50% from 44% y/y on higher average selling prices despite softer volumes. Operating loss narrowed to $0.2M from $0.5M y/y, thanks to 24% lower selling expenses and 9% trimmed G&A, though a $0.2M goodwill impairment hit non-operating lines, widening the net loss to $0.3M versus $0.6M last year. Cash swelled to $0.5M on $0.5M equity raises and $0.2M shareholder loans, offsetting $0.2M operating outflows; free cash flow not disclosed in the 10-Q. Stockholders' equity doubled to $6.5M via share issuances, bolstering liquidity amid $0.4M in leases and minor loans. Yet regulatory scrutiny from Nasdaq's bid price rules lingers as a compliance hurdle.

About

Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers North America and internationally. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. In addition, the company sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living 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.

CEO

Mr. Jeffery Chuang

IPO

10/17/2011

Website

https://novalifestyle.com

Employees

Sector

Consumer Cyclical

Industry

Furnishings, Fixtures & Appliances