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Nova LifeStyle Inc (NVFY.OQ)

NVFY.OQ on NASDAQ Stock Exchange Global Market

1.98USD
14 Dec 2017
Change (% chg)

$0.01 (+0.51%)
Prev Close
$1.97
Open
$1.95
Day's High
$1.99
Day's Low
$1.95
Volume
8,164
Avg. Vol
60,819
52-wk High
$3.09
52-wk Low
$1.09

Latest Key Developments (Source: Significant Developments)

Nova Lifestyle Establishes A $5 Mln Share Repurchase Program
Tuesday, 12 Dec 2017 07:45am EST 

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.  Full Article

Nova Lifestyle sees Q4 2017 earnings per share $0.11 to $0.13
Friday, 17 Nov 2017 07:45am EST 

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​.  Full Article

Nova Lifestyle Q3 earnings per share $0.11
Monday, 13 Nov 2017 07:45am EST 

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.  Full Article

Nova Lifestyle Inc says ‍Q3 profit "has increased substantially compared to prior year period​"
Thursday, 21 Sep 2017 07:45am EDT 

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​".  Full Article

Nova Lifestyle Inc appoints Jeffery Chuang as chief financial officer​
Wednesday, 23 Aug 2017 04:55pm EDT 

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.  Full Article

Nova Lifestyle says board received resignation letter from CFO, effective on August 15
Monday, 21 Aug 2017 04:27pm EDT 

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.  Full Article

Nova Lifestyle posts Q2 earnings per share $0.02
Monday, 7 Aug 2017 07:45am EDT 

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.  Full Article

Nova Lifestyle files for mixed shelf of up to $60 million
Thursday, 13 Jul 2017 07:53am EDT 

July 13 (Reuters) - Nova Lifestyle Inc :Files for mixed shelf of up to $60 million - SEC filing‍​.  Full Article

Nova Lifestyle sees accelerating e-commerce growth in 2017, increases available number of SKUs by 200 pct
Wednesday, 28 Jun 2017 07:45am EDT 

June 28 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle Inc - Sees accelerating e-commerce growth in 2017, increases available number of SKUs by 200%.  Full Article

Nova Lifestyle reports qtrly loss per share $0.04
Monday, 15 May 2017 04:00pm EDT 

May 15 (Reuters) - Nova Lifestyle Inc :Nova Lifestyle reports first quarter 2017 financial results.Q1 sales $18.1 million versus $22.5 million.Qtrly loss per share $ 0.04.Nova Lifestyle - Sales to North America were $12.5 million in three months ended March 31, 2017, a decrease of 27% from $17.2 million in same period of 2016.  Full Article

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