Nova LifeStyle, Inc. Reports First Quarter FY 2025 Results
Nova LifeStyle (NASDAQ: NVFY) reported its Q1 2025 financial results, showing mixed performance. Net sales increased by 11% to $2.64 million compared to $2.38 million in Q1 2024, driven by a 26% increase in average selling price despite a 12% decrease in sales volume. North American sales grew 12% to $2.62 million.
The company's gross profit rose to $1.20 million with an improved gross margin of 46% (up from 43% in Q1 2024). Net loss significantly decreased to $0.34 million, compared to a $1.46 million loss in the same period last year. Under newly appointed CEO Xiaohua Lu, the company is focusing on developing forward-thinking product lines amid industry uncertainties related to tariffs.
Nova LifeStyle (NASDAQ: NVFY) ha riportato i risultati finanziari del primo trimestre 2025, mostrando una performance mista. Le vendite nette sono aumentate dell'11%, raggiungendo 2,64 milioni di dollari rispetto ai 2,38 milioni del primo trimestre 2024, grazie a un aumento del 26% del prezzo medio di vendita nonostante una diminuzione del 12% nel volume delle vendite. Le vendite in Nord America sono cresciute del 12%, arrivando a 2,62 milioni di dollari.
Il profitto lordo dell'azienda è salito a 1,20 milioni di dollari con un margine lordo migliorato al 46% (in crescita rispetto al 43% del primo trimestre 2024). La perdita netta si è ridotta significativamente a 0,34 milioni di dollari, rispetto a una perdita di 1,46 milioni nello stesso periodo dell'anno precedente. Sotto la guida del nuovo CEO Xiaohua Lu, la società si sta concentrando sullo sviluppo di linee di prodotti innovative in un contesto di incertezze del settore legate ai dazi.
Nova LifeStyle (NASDAQ: NVFY) presentó sus resultados financieros del primer trimestre de 2025, mostrando un desempeño mixto. Las ventas netas aumentaron un 11% hasta 2.64 millones de dólares, en comparación con 2.38 millones en el primer trimestre de 2024, impulsadas por un aumento del 26% en el precio medio de venta, a pesar de una disminución del 12% en el volumen de ventas. Las ventas en Norteamérica crecieron un 12% hasta 2.62 millones de dólares.
El beneficio bruto de la empresa subió a 1.20 millones de dólares con un margen bruto mejorado del 46% (frente al 43% en el primer trimestre de 2024). La pérdida neta se redujo significativamente a 0.34 millones de dólares, comparado con una pérdida de 1.46 millones en el mismo periodo del año anterior. Bajo la dirección del nuevo CEO Xiaohua Lu, la compañía se está enfocando en desarrollar líneas de productos innovadoras en medio de incertidumbres del sector relacionadas con los aranceles.
Nova LifeStyle (NASDAQ: NVFY)는 2025년 1분기 재무 실적을 발표하며 혼재된 성과를 보였습니다. 순매출은 2024년 1분기 238만 달러에서 11% 증가한 264만 달러를 기록했으며, 판매량이 12% 감소했음에도 평균 판매 가격이 26% 상승한 덕분입니다. 북미 매출은 12% 증가하여 262만 달러에 달했습니다.
회사의 총이익은 120만 달러로 증가했으며, 총이익률도 2024년 1분기 43%에서 46%로 개선되었습니다. 순손실은 작년 동기 146만 달러 손실에서 크게 줄어 34만 달러 손실을 기록했습니다. 신임 CEO 샤오화 루(Xiaohua Lu) 아래, 회사는 관세 관련 산업 불확실성 속에서 미래지향적인 제품 라인 개발에 집중하고 있습니다.
Nova LifeStyle (NASDAQ : NVFY) a publié ses résultats financiers du premier trimestre 2025, affichant une performance mitigée. Le chiffre d'affaires net a augmenté de 11% pour atteindre 2,64 millions de dollars contre 2,38 millions au premier trimestre 2024, porté par une hausse de 26% du prix de vente moyen malgré une baisse de 12% du volume des ventes. Les ventes en Amérique du Nord ont progressé de 12% pour atteindre 2,62 millions de dollars.
Le bénéfice brut de la société a augmenté pour atteindre 1,20 million de dollars avec une marge brute améliorée de 46% (contre 43% au premier trimestre 2024). La perte nette a fortement diminué à 0,34 million de dollars, contre une perte de 1,46 million à la même période l'année précédente. Sous la direction du nouveau PDG Xiaohua Lu, l'entreprise se concentre sur le développement de gammes de produits innovantes dans un contexte d'incertitudes sectorielles liées aux tarifs douaniers.
Nova LifeStyle (NASDAQ: NVFY) veröffentlichte seine Finanzergebnisse für das erste Quartal 2025 mit gemischter Performance. Der Nettoumsatz stieg um 11% auf 2,64 Millionen US-Dollar gegenüber 2,38 Millionen US-Dollar im ersten Quartal 2024, angetrieben durch einen 26% höheren durchschnittlichen Verkaufspreis trotz eines Rückgangs des Verkaufsvolumens um 12%. Die Verkäufe in Nordamerika wuchsen um 12% auf 2,62 Millionen US-Dollar.
Der Bruttogewinn des Unternehmens stieg auf 1,20 Millionen US-Dollar mit einer verbesserten Bruttomarge von 46% (gegenüber 43% im ersten Quartal 2024). Der Nettoverlust verringerte sich deutlich auf 0,34 Millionen US-Dollar im Vergleich zu einem Verlust von 1,46 Millionen im gleichen Zeitraum des Vorjahres. Unter der Leitung des neu ernannten CEO Xiaohua Lu konzentriert sich das Unternehmen auf die Entwicklung zukunftsorientierter Produktlinien angesichts von Unsicherheiten in der Branche im Zusammenhang mit Zöllen.
- Net sales increased 11% YoY to $2.64 million
- Average selling price increased by 26%
- Gross profit margin improved to 46% from 43% YoY
- Net loss significantly reduced to $0.34M from $1.46M YoY
- North American sales grew 12% to $2.62 million
- Sales volume decreased by 12%
- Company still operating at a loss ($0.34M)
- Facing uncertainty related to tariffs in the furniture industry
Insights
Nova LifeStyle reported improved Q1 results with 11% revenue growth and reduced losses despite volume decline, showing strategic price increases are working.
Nova LifeStyle's Q1 2025 results reveal a company making progress despite challenging market conditions. The 11% revenue increase to
The company's ability to increase average selling prices by
Most significant is the substantial reduction in net loss, which improved from
North America continues to be Nova's primary market, with sales increasing
The commentary from new CEO Xiaohua Lu suggests a forward-looking product development strategy, though specific initiatives remain undefined. With improved margins and narrowing losses, Nova LifeStyle appears to be executing a turnaround strategy focused on premium positioning rather than volume growth.
LOS ANGELES, May 15, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2025.
Mr. Xiaohua Lu, newly appointed Chief Executive Officer of Nova LifeStyle, stated, “This is a very exciting time for Nova LifeStyle as we strategize moving forward among the uncertainty related to tariffs and the impact on the furniture industry. The first quarter showed our products are well received considering an increase in revenues, all of which can be attributed to our higher margin product lines, which also improved our gross profit numbers and margins. As we plan for the remainder of 2025 and beyond, I believe it starts with a product line that is forward thinking and anticipating new trends. As the new CEO, I am eager to work with the entire team and being aggressive in our product lines development.”
Key Financial Highlights:
- Net sales for the three months ended March 31, 2025 were
$2.64 million , an increase of11% from$2.38 million for the same period of 2024. This increase in net sales resulted primarily from26% increase in average selling price, while partially offset by12% decrease in sales volume. The$0.26 million increase in net sales for the three months ended March 31, 2025, compared to the same period of 2024, was mainly due to increased sales to North America. Sales to North America increased by12% to$2.62 million for the three months ended March 31, 2025, compared to$2.33 million for the same period of 2024, such increase mainly due to increase our average selling price by26% from the customers in North America. - Gross profit was
$1.20 million for the three months ended March 31, 2025, compared to$1.02 million for the same period of 2024, representing an increase in gross profit of$0.19 million . Our gross profit margin was46% for the three months ended March 31, 2025, compared to43% for the same period of 2024. The increase in gross profit and gross profit margin was mainly a result of selling more products with higher profit margin. - Net loss was
$0.34 million for the three months ended March 31, 2025, compared to net loss$1.46 million for the same period of 2024.
About Nova LifeStyle
Nova LifeStyle, Inc. is a well-established, innovative 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. Nova LifeStyle’s product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Nova's products feature urban contemporary styles that integrate comfort and functionality, incorporating upscale luxury designs which appeal to middle and upper middle-income consumers in the USA, China, Southeast Asia, South America, and elsewhere in the world.
Visit Nova LifeStyle's website at www.NovaLifeStyle.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
Andrew Barwicki
516-662-9461
andrew@barwicki.com
ir@novalifestyle.com
FAQ
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