April 10 (Reuters) - Nova LifeStyle Inc ::NOVA LIFESTYLE ISSUES FY 2018 FINANCIAL GUIDANCE.SEES FY 2018 EARNINGS PER SHARE $0.34.SEES FY 2018 REVENUE AT LEAST $110 MILLION.NOVA LIFESTYLE SAYS "DOES NOT EXPECT ITS BUSINESS TO BE MATERIALLY IMPACTED IN ANY WAY BY TRADE POLICY DIFFERENCES BETWEEN U.S. AND CHINA".HAS SUFFICIENT CAPITAL TO FUND ITS PROJECTED GROWTH AND CURRENTLY HAS NO PLAN TO DILUTE CURRENT SHAREHOLDERS THROUGH EQUITY OFFERINGS.APPROVED $5 MILLION STOCK BUYBACK TO INITIATE IN Q2/18.COMMERCE SALES FROM DIAMOND SOFA ARE EXPECTED TO ACHIEVE "RECORD PERFORMANCE" FOR FISCAL YEAR 2018.
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Dec 21 (Reuters) - Nova Lifestyle Inc ::NOVA LIFESTYLE EXPECTS TO ENHANCE SALES THROUGH THE ACCEPTANCE OF BITCOIN AND OTHER MAJOR CRYPTOCURRENCY ON ITS DEVELOPING BLOCKCHAIN DISTRIBUTION PLATFORM.NOVA LIFESTYLE INC - INTENDS TO BEGIN ACCEPTING BITCOIN AND OTHER MAJOR CRYPTOCURRENCY AS IT FURTHER DEVELOPS ITS PRODUCT DISTRIBUTION PLATFORM.
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Dec 20 (Reuters) - Nova Lifestyle Inc ::NOVA LIFESTYLE ANNOUNCES THE LAUNCHING OF BLOCKCHAIN-EMPOWERED SUBSIDIARY ‘I DESIGN BLOCKCHAIN TECHNOLOGY INC’.NOVA LIFESTYLE INC - LAUNCHED A WHOLLY-OWNED SUBSIDIARY "I DESIGN BLOCKCHAIN TECHNOLOGY INC".
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Dec 12 (Reuters) - Nova Lifestyle Inc ::NOVA LIFESTYLE ESTABLISHES A $5 MILLION SHARE REPURCHASE PROGRAM.NOVA LIFESTYLE INC - DURATION OF PROGRAM WILL BE ONE YEAR.NOVA LIFESTYLE INC - BOARD APPROVED 10B-18 SHARE BUYBACK PROGRAM TO PURCHASE UP TO $5 MILLION OF CO'S COMMON STOCK.NOVA LIFESTYLE INC - SHARE BUYBACK PROGRAM WILL BE FUNDED FROM CO'S CASH AND FUTURE CASH PROVIDED BY OPERATING ACTIVITIES.
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Nov 17 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle Inc provides 4th quarter 2017 financial guidance.Sees Q4 2017 earnings per share $0.11 to $0.13.Nova Lifestyle Inc - expects to generate revenue of about $35 million to $36 million in Q4 ending December 31, 2017.Nova Lifestyle Inc - management does not anticipate a need for external capital for foreseeable future.
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Nov 13 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle announces record 3rd quarter 2017 financial results; net income up nearly 900%, anticipates growth momentum to continue into 2018.Q3 earnings per share $0.11.Says if growth continues, "hope to initiate stock buybacks or start paying cash dividends in near future".Says increase in net sales of 8.8% to $33.2 million in quarter.
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Sept 21 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle anticipates robust third quarter 2017 financial results; wins Asian American brand recognition.Nova Lifestyle Inc - Q3 profit "has increased substantially compared to prior year period".
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Aug 23 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle Inc - on August 22 board appointed Jeffery Chuang as chief financial officer.Nova Lifestyle Inc says chuang served as managing partner of Z & C CPAs LLP from June, 2011 to August, 2017 - SEC filing.
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Aug 21 (Reuters) - Nova Lifestyle Inc :Nova lifestyle says on August 15, board received resignation letter from Yuen Ching (Sammy) Ho, member of board & CFO, effective on August 15.Nova Lifestyle Inc says is in process of interviewing candidates to fill vacancies created by resignation of CFO Yuen Ching (Sammy) Ho - SEC filing.
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Aug 7 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle reports second quarter 2017 financial results.Q2 earnings per share $0.02.Q2 sales $19.5 million versus $19.7 million.
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