Jan 2 (Reuters) - Nova LifeStyle Inc ::NOVA LIFESTYLE - RESPONDED TO A DOCUMENT PUBLISHED BY SEEKING ALPHA ON DECEMBER 21, 2018.NOVA LIFESTYLE SAYS DISCLOSES INITIATION OF CLASS ACTION LITIGATION PRECIPITATED BY SEEKING ALPHA REPORT PUBLISHED ON DEC 21, 2018.NOVA LIFESTYLE - IN RESPONSE TO DEC 21 REPORT, ENGAGED CO'S AUDITOR TO PERFORM SPECIAL PROCEDURES TO CONFIRM REPORTED SALES.NOVA LIFESTYLE - AUDIT COMMITTEE EXPECTS PROCESS TO CONFIRM REPORTED SALES WILL TAKE ABOUT TWO MONTHS.NOVA LIFESTYLE, IN RESPONSE TO A DOCUMENT PUBLISHED BY SEEKING ALPHA ON DECEMBER 21, 2018, SAYS THE AUDIT COMMITTEE HAS ENGAGED INDEPENDENT COUNSEL.NOVA LIFESTYLE SAYS MANAGEMENT BELIEVES THAT CONCLUSIONS SET FORTH IN THE SEEKING ALPHA'S DEC 21 REPORT "ARE BASELESS".
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Nov 9 (Reuters) - Nova LifeStyle Inc ::NOVA LIFESTYLE ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS.NOVA LIFESTYLE INC QTRLY LOSS PER SHARE $0.02.NOVA LIFESTYLE INC QTRLY NET SALES $16.7 MILLION VERSUS $33.2 MILLION.
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Aug 13 (Reuters) - Nova LifeStyle Inc ::NOVA LIFESTYLE ANNOUNCES SECOND QUARTER 2018 FINANCIAL RESULTS HIGHLIGHTED BY SUBSTANTIAL REVENUE AND EARNINGS GROWTH DRIVEN BY NEW PRODUCTS, HIGHER SELLING PRICES AND UNIT VOLUMES.Q2 EARNINGS PER SHARE $0.05.Q2 REVENUE ROSE 24 PERCENT TO $24.1 MILLION.ANTICIPATE "ROBUST" SALES AND EARNINGS GROWTH THROUGHOUT REMAINDER OF 2018.
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March 29 (Reuters) - Nova Lifestyle Inc ::NOVA LIFESTYLE REPORTS OUTSTANDING FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS, HIGHLIGHTED BY Q4 PRE-TAX EPS OF $0.18.Q4 REVENUE ROSE 79.3 PERCENT TO $35.7 MILLION.Q4 EARNINGS PER SHARE $0.18 FROM CONTINUING OPERATIONS.ANTICIPATES EXECUTING ON PREVIOUSLY ANNOUNCED $5 MILLION SHARE REPURCHASE PROGRAM IN 2018 THROUGH INTERNAL FUNDING SOURCES.$5 MILLION SHARE REPURCHASE PROGRAM TO INITIATE IN 2018.EXPECTING "ROBUST" SALES AND "SIGNIFICANT" EARNINGS GROWTH IN 2018.
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Jan 22 (Reuters) - Nova LifeStyle Inc ::NOVA LIFESTYLE RAISES FOURTH QUARTER 2017 EARNINGS GUIDANCE.SEES Q4 2017 EARNINGS PER SHARE ABOUT $0.14 TO $0.16.NOVA LIFESTYLE SEES EXPANDED PROFIT MARGINS ACROSS NEARLY ALL PRODUCT LINES IN Q4.
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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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