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NVFY

Nova LifeStyle, Inc.

NVFY

Nova LifeStyle, Inc. • NASDAQ
$5.46 ▲ 0.18% (+0.01)
Market Cap $75.29 M
52w High $6.08
52w Low $0.39
Dividend Yield 0%
P/E -8.03
Volume 490.55K
Outstanding Shares 13.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.761M ▲ $1.474M ▼ $-1.126M ▼ -11.54% ▼ $-0.06 ▼ $-933.379K ▼
Q2-2025 $2.556M ▼ $1.481M ▲ $-289.907K ▲ -11.341% ▲ $-0.021 ▲ $3.832K ▼
Q1-2025 $2.636M ▲ $1.398M ▼ $-338.871K ▲ -12.857% ▲ $-0.035 ▲ $4.722K ▲
Q4-2024 $2.006M ▼ $1.83M ▼ $-1.069M ▲ -53.303% ▲ $-0.15 ▲ $-955.433K ▲
Q3-2024 $2.616M $3.586M $-2.466M -94.275% $-0.72 $-2.216M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.714M ▲ $18.286M ▲ $4.703M ▼ $13.584M ▲
Q2-2025 $468.825K ▲ $11.635M ▼ $5.088M ▼ $6.547M ▼
Q1-2025 $147.3K ▼ $11.928M ▲ $5.154M ▼ $6.775M ▲
Q4-2024 $161.902K ▼ $9.917M ▲ $6.794M ▲ $3.124M ▲
Q3-2024 $162.285K $5.058M $5.954M $-895.909K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.126M ▼ $-1.907M ▼ $-5M ▼ $8.152M ▲ $1.246M ▲ $-1.907M ▼
Q2-2025 $-289.907K ▲ $92.513K ▲ $0 $199.141K ▼ $321.525K ▲ $92.513K ▲
Q1-2025 $-338.871K ▲ $-322.617K ▼ $0 ▲ $282.133K ▲ $-14.602K ▼ $-322.617K ▼
Q4-2024 $-1.069M ▲ $-263.449K ▲ $-14.121K ▼ $215.578K ▲ $-383 ▲ $-277.57K ▲
Q3-2024 $-2.466M $-437.915K $0 $200K $-201.124K $-437.915K

Five-Year Company Overview

Income Statement

Income Statement The business is operating at a very small scale, with revenue stuck at a very low level for several years. Gross profit has hovered around breakeven or slightly negative, and operating results have been consistently loss‑making. There is no sign of meaningful top‑line growth, and the company has not yet demonstrated a path to steady profitability. Reported losses per share look large, reflecting both ongoing losses and the impact of reverse stock splits over time.

Balance Sheet

Balance Sheet The balance sheet is thin, with a small asset base and equity that has gradually eroded over the past few years. Cash appears limited, so the financial cushion against setbacks is modest. On the positive side, the company carries no debt, which reduces financing risk, but the absence of leverage is partly because the overall scale of the business is so small. The company has relied on issuing equity and making concentrated investments (such as its fund interest tied to SpaceX) rather than building up a broad base of operating assets.

Cash Flow

Cash Flow Operating cash flow has hovered around breakeven, occasionally slipping negative, which means the core business is not yet a reliable source of cash. Free cash flow is similarly negligible, helped only by very low capital spending rather than by strong earnings. In practice, the company has depended on external financing and financial transactions instead of internally generated cash to fund its activities and strategic shifts.

Competitive Edge

Competitive Edge Historically, under the Nova LifeStyle name, the company competed as a small player in the furniture market, leaning on design‑driven brands like Diamond Sofa and a global supply chain. That gave it some niche recognition but also exposed it to intense price competition, shifting consumer tastes, and economic cycles. Larger furniture and home brands have far more scale, marketing muscle, and bargaining power. As the company pivots toward technology and smart‑living themes, its traditional competitive position in furniture may matter less, but it also means the company is moving into new arenas where it does not yet have an established edge.

Innovation and R&D

Innovation and R&D Innovation so far has been more about product design and lifestyle branding than about deep technology. Diamond Sofa focuses on distinctive urban contemporary styles, coordinated collections, and perceived quality, which offers some differentiation but is easy for rivals to imitate over time. The newly stated ambition around “AI‑driven smart living solutions” is still largely conceptual in public disclosures, with no clear portfolio of proprietary products, patents, or platforms yet visible. The large investment into a fund with exposure to SpaceX is a financial move rather than internal R&D; it may offer strategic optionality, but it does not by itself create technological capabilities inside the company.

Summary

Overall, this looks like a very small, loss‑making business in the middle of a major identity shift—from a niche furniture designer and importer to a broader, more technology‑oriented holding company. The historical financials show flat revenue, persistent losses, and a shrinking equity base, all supported by a thin cushion of cash and no debt. The traditional furniture brand provides some legacy value but operates in a crowded, low‑margin industry. The new strategy, including exposure to high‑growth tech sectors and talk of AI‑enabled smart living, introduces significant uncertainty: the potential upside depends heavily on successful execution of a still‑emerging plan, while the downside risks are tied to the company’s small scale, limited resources, and reliance on external capital. This is best viewed as a high‑uncertainty turnaround and repositioning story rather than an established, steady operating business.

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September 5, 2025 · 8:21 AM UTC

American Trust Investment Services Serves as Exclusive Placement Agent in $9 Million Follow-On Offering for Nova LifeStyle, Inc.

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September 4, 2025 · 1:41 PM UTC

Nova Lifestyle, Inc. Announces Closing of $9.0 Million Best-Efforts Public Offering

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