Nova Lifestyle, Inc. Reports Unaudited Consolidated Statement of Operations for the Nine Months Ended September 30, 2016
January 09, 2017 at 05:38 pm
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Nova Lifestyle, Inc. reported unaudited consolidated statement of operations for the nine months ended September 30, 2016. For the period, the company's net sales were $72,748,972 against $108,820,112 a year ago. Income from operations was $1,543,213 against $3,549,856 a year ago. Income from continuing operations was $1,189,266 against $2,200,242 a year ago. Net loss was $287,306 against profit of $2,200,242 a year ago. Income from continuing operations per share of common stock - Basic and diluted was $0.05 against $0.10 a year ago. Net loss per share of common stock - Basic and diluted was $0.01 against profit of $0.10 a year ago. Pro Forma Income from operations was $1,543,213 against $4,630,208 a year ago. Pro Forma Income from continuing operations was $1,189,266 against $3,404,407 a year ago. Pro Forma net loss was $287,306 against profit of $2,200,242 a year ago. Pro Forma Income from continuing operations per share of common stock - basic and diluted was $0.05 against $0.15 a year ago. Pro Forma Net loss per share of common stock - basic and diluted was $0.01 against profit of $0.10 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. 
