Nova Lifestyle (NVFY) Reports Q3 EPS of $0.00
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Nova LifeStyle Reports Third Quarter 2015 Financial Results
November 16, 2015 8:31 AM ESTLOS ANGELES, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY), a U.S. based fast-growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced financial results for the third quarter and nine months ended September 30, 2015.
Third Quarter 2015 Corporate and Financial Highlights:
Net sales were $29.0 million, an increase of 12% compared to the prior year period. Gross profit was $4.3 million, a decrease of 27% in the prior year period. Gross margin was 15%, compared to 23% in the prior year period, largely due... More