Nova Lifestyle Inc (NVFY) |
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Price: $1.5400
$-0.01
-0.645%
|
Day's High:
| $1.64
| Week Perf:
| -8.88 %
|
Day's Low: |
$ 1.54 |
30 Day Perf: |
-24.51 % |
Volume (M): |
2 |
52 Wk High: |
$ 6.38 |
Volume (M$): |
$ 4 |
52 Wk Avg: |
$2.00 |
Open: |
$1.64 |
52 Wk Low: |
$0.43 |
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Market Capitalization (Millions $) |
2 |
Shares
Outstanding (Millions) |
2 |
Employees |
726 |
Revenues (TTM) (Millions $) |
10 |
Net Income (TTM) (Millions $) |
-12 |
Cash Flow (TTM) (Millions $) |
-2 |
Capital Exp. (TTM) (Millions $) |
2 |
Nova Lifestyle Inc
Nova LifeStyle Inc. is a broad-based manufacturer of contemporary styled residential
furniture incorporated into a dynamic marketing and sales platform offering
retail as well as online selection and purchase fulfillment globally. We monitor
popular trending and work to create design elements that are then integrated
into our product lines that can be used as both stand alone as well as whole
room and home furnishing solutions. Through our global network, Nova LifeStyle
also sells (through an exclusive third party manufacturing partner) a managed
variety of high-quality bedding foundation components.
Nova’s LifeStyle brand family currently includes Diamond Sofa (www.diamondsofa.com),
Colorful World, Giorgio Mobili, and Bright Swallow International Group Limited
(“Bright Swallow”).
Our customers principally consist of distributors and retailers having a specific
geographic coverage that deploy middle to high end private label home furnishings
having very little competitive overlap within our specific furnishing product
or product lines. Nova LifeStyle is constantly seeking to integrate new sources
of distribution and manufacturers that are properly aligned with our growth
strategy thus allowing us to continually focus on building both same store sales
growth as well as drive the expansion of our overall distribution and manufacturing
relationships through the deployment of popular as well as trend based furnishing
solutions worldwide.
We traditionally generated the majority of our sales serving as a trading company
and vertically integrated manufacturer for global furniture distributors and
large national retailers. In the U.S. and international markets, we focus on
establishing and expanding long term relationships with our customers by providing
large scale sourcing and cost-effective manufacturing through our facilities
in China. Our logistics, manufacturing and delivery capabilities provide our
customers with the flexibility to select from our extensive furniture collections
in their respective shipments. Our experience developing and marketing products
for international markets has enabled us to develop the scale, logistics, marketing,
manufacturing efficiencies and design expertise that serves as the foundation
for us to expand aggressively into the highly attractive U.S. and China markets.
We are a U.S. holding company with no material assets other than the ownership
interests of our subsidiaries through which we market, design, manufacture and
sell residential furniture worldwide: Nova Furniture Limited (“Nova Furniture”),
Bright Swallow, Nova Furniture (Dongguan) Co., Ltd. (“Nova Dongguan”),
Nova Furniture Macao Commercial Offshore Limited (“Nova Macao”),
Nova Dongguan Chinese Style Furniture Museum (“Nova Museum”), Diamond
Bar Outdoors, Inc. (“Diamond Bar”), and Dongguan Ding Nuo Household
Products Co., Ltd. (“Ding Nuo”). Nova Dongguan is a wholly foreign-owned
enterprise, or WFOE, and was incorporated under the laws of the PRC on June
6, 2003. Nova Macao was organized under the laws of Macao on May 20, 2006. Nova
Dongguan and Nova Macao are wholly owned subsidiaries of Nova Furniture, our
wholly owned subsidiary organized under the laws of the British Virgin Islands,
or the BVI. Nova Dongguan organized Nova Museum on March 17, 2011 as a non-profit
organization under the laws of the PRC engaged in the promotion of the culture
and history of furniture in China. Diamond Bar, doing business as Diamond Sofa,
was incorporated in California on June 15, 2000. Nova Dongguan markets and sells
our products in China to stores in our franchise network, to internet customers,
and to wholesalers and agents for domestic retailers and exporters. Nova Dongguan
also provides the design expertise and facilities to manufacture our branded
products and products for international markets under original design manufacturer
and original equipment manufacturer agreements, or ODM and OEM agreements. Nova
Macao is a trading company, importing, marketing and selling products designed
and manufactured by Nova Dongguan and third party manufacturers for the U.S.
and international markets. Since January, 2013, Nova Macao manages all aspects
of Nova Dongguan’s export market. Diamond Bar markets and sells products
manufactured by us and third party manufacturers under the Diamond Sofa brand
to distributors and retailers principally in the U.S. market.
In order to capture this residential furniture market opportunity for the middle
and upper middle-income consumer in China, we have established distinct furniture
brands designed specifically for the consumer preferences of the China market.
We feature a wide selection of product categories and styles under our brands,
each piece part of a collection bearing a distinctive style, design theme and
selection of materials and finishes.
We believe that distributing our products through dedicated, single-brand stores
displaying complete and fully accessorized room settings strengthens brand awareness,
produces well-informed and focused sales personnel, and encourages consumers
to purchase an entire room of furniture. We believe that our brands and sales
through our franchise store network in China and through e-commerce platforms
will grow significantly as consumer demand for quality and stylish furniture
increases in China in combination with raised living standards.
Company Address: 6565 E. Washington Blvd Commerce 90040 CA
Company Phone Number: 888-9999 Stock Exchange / Ticker: NASDAQ NVFY
NVFY is expected to report next financial results on April 16, 2024. |
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Customers recorded net loss |
Customers recorded net loss |
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Stock Performances by Major Competitors |
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Interface Inc
Interface, Inc. (Nasdaq: TILE) has made an impressive turnaround in profitability, despite facing shrinking sales. In the financial interval ending December 31, 2023, the company reported earnings per share (EPS) of $0.33, showing a significant increase from $0.17 per share in the previous reporting period. However, there was a decrease in revenue by -2.45% to $327.15 million from the year before. This improvement in profitability can be attributed to Interface's focus on improving profit margins. The net margin rose to 5.98% in the financial interval ending December 31, 2023, and the operating margin also saw a slight increase to 10.74%. These results indicate that the company has been successful in managing its costs and maximizing its profitability.
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Leggett And Platt Inc
Leggett And Platt Inc, a furniture and fixtures company, experienced a significant decline in its stock price over the course of February, with a decrease of -11.7%. This brought the share price down to -21.83% during the first quarter of 2024, with the stock trading only 5.3% above its 52-week low. Looking at the financial performance of Leggett And Platt Inc for the October to December 31, 2023 time-frame, the company slipped into a deficit of $-2.14 per share, compared to $0.39 per share a year ago. Income per share also fell from $0.39 per share from the prior quarter. Additionally, revenue depreciated by -6.774% to $1.11 billion from $1.20 billion in the same quarter a year ago, with a sequential decrease of -5.148% from $1.18 billion. During this period, Leggett And Platt Inc recorded a net deficit of $-297.400 million, instead of net proceeds of $52.800 million a year before. The level of inventories declined to $819.7 million, and accounts receivable also decreased to $637.3 million. Some analysts believe that the decline in accounts receivable may be due to slowing demand for the company's products. For the financial 12 months of 2023, Leggett And Platt Inc delivered a net loss of $-136.80 million and revenue of $4.72 billion. The company reported earnings per share of $-1.00, down from $2.27 in the prior financial year, and revenue deteriorated by -8.2% from $5.15 billion a year ago.
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Sleep Number Corporation
Sleep Number Corporation, a leading provider of mattresses and sleep-related products, has recently released its financial report for the period of October to December 30, 2023. Unfortunately, the report shows a significant increase in losses compared to the previous year. During this period, Sleep Number Corporation reported a loss per share of $-1.12, which is a notable increase from the loss per share of $-0.24 a year prior. Moreover, the company's losses also grew from $-0.10 per share in the preceding financial reporting period.
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Mohawk Industries Inc
The recent financial report of Mohawk Industries Inc for the period ending December 31, 2023, paints a concerning picture for the company's future prospects. While it may be touted that earnings per share (EPS) saw a significant increase of 316.01% to $2.19 per share, this growth is overshadowed by the decrease in revenue by -1.476% to $2.61 billion year on year. It is clear that the company's profitability has not been driven by an increase in sales but rather through cost-cutting measures or other unsustainable means. Furthermore, the net profits of $139.428 million in the same financial period may seem impressive at first glance, marking a substantial increase of 315.56% from the previous year. However, a closer look reveals that the company's operating earnings improved by just 173.58% to $167.098 million. This indicates that a significant portion of the net profits may be attributed to one-time gains or non-operational activities rather than core business operations.
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La Z Boy Incorporated
As a financial analyst covering La-Z-Boy Incorporated, it is evident that the company has faced some challenges in the most recent fiscal period. The decrease in revenue and income can be concerning for investors, as it reflects a decline in the company's financial performance year on year. However, it is important to note that La-Z-Boy is making strategic investments in its showrooms to drive growth in the future. The decline in revenue and income can be attributed to various factors, including slowing demand and a challenging competitive landscape in the furniture industry. Despite these challenges, La-Z-Boy remains committed to the industry and is taking steps to position itself for future success. The company's focus on renovating showrooms in key furniture markets demonstrates its dedication to expanding its customer base and driving sales.
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Per Share |
Current |
Earnings (TTM) |
-2.53 $ |
Revenues (TTM) |
6.48 $
|
Cash Flow (TTM) |
- |
Cash |
0.53 $
|
Book Value |
2.55 $
|
Dividend (TTM) |
0 $ |
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Per Share |
|
Earnings (TTM) |
-2.53 $
|
Revenues (TTM) |
6.48 $ |
Cash Flow (TTM) |
- |
Cash |
0.53 $
|
Book Value |
2.55 $ |
Dividend (TTM) |
0 $ |
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