Nova Lifestyle, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:38 pm EDT
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Nova LifeStyle, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 3.550 million compared to USD 2.294 million a year ago. Operating loss was USD 6.278 million compared to USD 538,302 a year ago. Net loss was USD 6.345 million compared to USD 515,302 a year ago. Basic loss per share was USD 1.13 compared to USD 0.09 a year ago. For the half year, sales was USD 6.881 million compared to USD 4.498 million a year ago. Operating loss was USD 7.044 million compared to USD 1.359 million a year ago. Net loss was USD 7.109 million compared to USD 1.854 million a year ago. Basic loss per share was USD 1.27 compared to USD 0.33 a year ago. Basic loss per share from continuing operations was USD 1.27 compared to USD 0.27 a year ago.
Nova LifeStyle, Inc. is a designer and distributor of modern lifestyle furniture, primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture and various accessories, in matching collections. The Companyâs product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Its products feature urban and contemporary styles, combining comfort and functionality in matching furniture collections and upscale luxury pieces appealing to lifestyle-conscious middle and upper middle-income consumers. Its product lines feature upholstered, wood and metal-based furniture pieces. It classifies its products by room, designation or series, such as living room, dining room, bedroom and home office series, and by category or product types, such as sofas, chairs, dining tables, beds, entertainment consoles, cabinets and cupboards. It also sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects.
NOVA LIFESTYLE, INC. 
