OverviewSuggest Edit

Nova LifeStyle, through its subsidiaries, designs, manufactures, markets, and sells residential furniture for middle and upper middle-income consumers worldwide. It develops upholstered, wood, and metal-based residential furniture for the living, dining, and bed rooms, as well as for home offices. The company’s product portfolio comprises sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. It offers its products under the Diamond Sofa, Colorful World, Giorgio Mobili, Bright Swallow, 1SOFA, and Wo Zhi Bao brands.
TypePublic
Founded2011
HQCommerce, CA, US
Websitenovalifestyle.com

Latest Updates

Employees (est.) (Dec 2018)33
Revenue (FY, 2020)$11.4 M(-48%)
Share Price (Jul 2021)$3.6(+7%)
Cybersecurity ratingBMore

Key People/Management at Nova Lifestyle

Tawny Lam

Tawny Lam

CEO, President, Chairperson of the Board of Directors
Umesh Patel

Umesh Patel

Independent Director
Jeffery Chuang

Jeffery Chuang

CFO
Sky Tsai

Sky Tsai

Independent Board Member
Mark Chapman

Mark Chapman

VP, Marketing
Chris Steadman

Chris Steadman

Director of Internet Sales
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Nova Lifestyle Office Locations

Nova Lifestyle has an office in Commerce
Commerce, CA, US (HQ)
6565 E Washington Blvd
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Nova Lifestyle Financials and Metrics

Nova Lifestyle Revenue

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Nova Lifestyle's revenue was reported to be $11.35 m in FY, 2020
USD

Revenue (Q1, 2021)

3.3m

Gross profit (Q1, 2021)

1.4m

Gross profit margin (Q1, 2021), %

41.4%

Net income (Q1, 2021)

(763.5k)

EBIT (Q1, 2021)

(766.1k)

Market capitalization (15-Jul-2021)

20.2m

Closing stock price (15-Jul-2021)

3.6

Cash (31-Mar-2021)

7.6m

EV

14.8m
Nova Lifestyle's current market capitalization is $20.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

43.2m66.3m78.4m98.7m108.8m92.6m106.5m88.6m22.0m11.4m

Revenue growth, %

(15%)

Cost of goods sold

31.0m51.6m63.0m79.3m90.4m79.1m86.1m72.7m20.7m31.2m

Gross profit

12.1m14.7m15.4m19.4m18.4m13.5m20.4m16.0m1.3m(19.9m)
USDQ2, 2011

Financial Leverage

1.5 x
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Nova Lifestyle Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Nova Lifestyle Online and Social Media Presence

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Nova Lifestyle News and Updates

Nova LifeStyle Exhibits New Design Line at First High Point Market Furniture Trade Show Following Pandemic

LOS ANGELES, June 21, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, has successfully exhibited a new design line at the High Point Market furniture trade show June 5th…

Nova LifeStyle, Inc. Reports First Quarter FY 2021 Results

LOS ANGELES, May 17, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2021.

Nova LifeStyle Announces Fiscal 2020 Results

LOS ANGELES, March 29, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the fiscal year ended December 31, 2020.

Nova LifeStyle Plans to Launch HealthLine Membership in Malaysia

LOS ANGELES, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that it intends to launch a membership based Nova HealthLine platform in Malaysia under www.novahealthline.my on February 1, 2021

Nova LifeStyle Launches Online Sales Platform To Distribute New Line of Healthline Products

LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that it has created an online sales platform (www.novahealthline.com) to distribute healthline products manufactured by 3H Korea Co Ltd. 3H healthline products are…

Nova LifeStyle Reports Third Quarter FY2020 Results

LOS ANGELES, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2020.
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Nova Lifestyle Frequently Asked Questions

  • When was Nova Lifestyle founded?

    Nova Lifestyle was founded in 2011.

  • Who are Nova Lifestyle key executives?

    Nova Lifestyle's key executives are Tawny Lam, Umesh Patel and Jeffery Chuang.

  • How many employees does Nova Lifestyle have?

    Nova Lifestyle has 33 employees.

  • What is Nova Lifestyle revenue?

    Latest Nova Lifestyle annual revenue is $11.4 m.

  • What is Nova Lifestyle revenue per employee?

    Latest Nova Lifestyle revenue per employee is $343.9 k.

  • Who are Nova Lifestyle competitors?

    Competitors of Nova Lifestyle include Kellex, Cassellie and June Tailor.

  • Where is Nova Lifestyle headquarters?

    Nova Lifestyle headquarters is located at 6565 E Washington Blvd, Commerce.

  • Where are Nova Lifestyle offices?

    Nova Lifestyle has an office in Commerce.

  • How many offices does Nova Lifestyle have?

    Nova Lifestyle has 1 office.