Nova LifeStyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) announced today that, on June 4, 2019, its Board of Directors has approved and authorized an 10b-18 share repurchase program for the Company to repurchase up to $2 million shares of its common stock (the “Shares”) in transactions conducted through a broker or dealer in compliance with Rule 10b-18 promulgated under the Exchange Act. Nova LifeStyle intends to fund the repurchases from its more than $40 million existing cash balance. “The Board of Directors and management team believe that our current stock price is substantially undervalued and it is an attractive investment opportunity for us to repurchase our shares as an important part of our capital allocation strategy.” said Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle.
Those holding Nova LifeStyle (NASDAQ:NVFY) shares must be pleased that the share price has rebounded 32% in the last...
Nova Lifestyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) today announces its financial results for the quarter ended June 30, 2019. Of course it takes substantial lead time to implement a relocation of manufacturing (which by necessity includes an assessment of the factory’s ability to deliver the quantity of the product, in accordance with the Company’s specifications, and in accordance with the Company’s quality control requirements), but we expect that a portion of our manufacturing will be transitioned to one or more of these venues during 2019. Some of our manufacturing will continue to be performed in China because the intellectual know-how necessary to manufacture certain products is not generally available in other Asian countries.
A look at the shareholders of Nova LifeStyle, Inc. (NASDAQ:NVFY) can tell us which group is most powerful...
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced an update with respect to the potential impact of the COVID-19 outbreak on its business operations, and the Company’s ability to timely file its Annual Report on Form 10-K. In response to the evolving dynamics related to the COVID-19 outbreak, the Company is following the guidelines of local authorities as it prioritizes the health and safety of its employees, contractors, suppliers and retail partners. While the Company’s new products are being sourced from manufacturers in India and Malaysia, some of the products provided by third-party suppliers in China are experiencing production delays.
Attractive stocks have exceptional fundamentals. In the case of Nova LifeStyle, Inc. (NASDAQ:NVFY), there's is a...
Unfortunately for some shareholders, the Nova LifeStyle (NASDAQ:NVFY) share price has dived 84% in the last thirty...
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that on January 9, 2020 it received written notice from Nasdaq that the Company has regained compliance with the minimum bid price continued listing requirement. The Company regained compliance with this requirement as a result of its common shares' closing bid price having been at or above the minimum requirement of $1.00 per share for a minimum of ten consecutive trading days. Following the Company’s regaining compliance with the continued listing requirement, the matter is now closed.
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that the Company has increased the number of products to be offered in 2020 by 25%, and up to 40% in certain furnishing categories. As a result of the Company’s ongoing efforts to source products manufactured to the Company’s specifications in locations other than China, all of these new products are being manufactured in India and Malaysia. The Company continues to expand its product offerings, and to source additional manufacturing arrangements outside China to minimize the impact of the US-imposed tariffs on products manufactured in China and to diversify the Company’s sourcing base.
Today we are going to look at Nova LifeStyle, Inc. (NASDAQ:NVFY) to see whether it might be an attractive investment...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Tawny Lam has been the CEO of Nova LifeStyle, Inc. (NASDAQ:NVFY) since 2016. This report will, first, examine the CEO...
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (“Annual Report”) will be delayed beyond the required filing date of March 30, 2020 until May 14, 2020; and the Company provided an update on the impact of the COVID-19 outbreak on the Company. The Company previously announced that it expected to file its Annual Report within the extension period afforded by Rule 12b-25.
LOS ANGELES, Nov. 13, 2019 -- Nova Lifestyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the quarter and nine months.
LOS ANGELES, July 17, 2019 -- Nova LifeStyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) announced today the launch of its Summer 2019 Collection in the Las Vegas.
To the annoyance of some shareholders, Nova LifeStyle (NASDAQ:NVFY) shares are down a considerable 33% in the last...
Gross Profit was $1.2 million in 2019, as compared to $15.3 million in 2018. The key financial highlights exclude Bright Swallow International Group Limited. As of December 31, 2019, operations of Bright Swallow were reported as discontinued operations in the consolidated financial statements for all periods presented.