Read 10Q ... red flags are the millions they spent on thst stupid online teaching company . Probably a front to give money to ex ceo
Also last q .. around 18M came from one customer in Australia and they say it is not sustainable
So, now for good news ... they breakeven is around $18M rev a quarter or about $70M a year .. and guiding around $30M plus .. they will be are guiding biz is strong well into 2018 ..
Also, their balance sheet has about $2.5 in AR and prepaid expenses with only 20 cents a share debt !
Their sofa design .. diamond brand is loved and should be in sweet spot world wide
But, most important is how this new ceo executes .. so far seems good
Recent NVFY News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:15:08 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 07:14:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:46:04 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 12/15/2023 10:01:08 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 11/29/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/22/2023 09:30:40 PM
- Nova LifeStyle, Inc. Reports Third Quarter FY 2023 Results • GlobeNewswire Inc. • 11/14/2023 11:40:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2023 11:47:23 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 10/24/2023 04:15:07 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 10/13/2023 08:30:46 PM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 10/10/2023 08:30:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2023 08:15:20 PM
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- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 07/17/2023 01:40:09 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/17/2023 10:32:49 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 07/05/2023 09:15:56 PM
- Nova LifeStyle, Inc. Completes 1 for 5 Reverse Stock Split • GlobeNewswire Inc. • 05/23/2023 04:47:32 PM
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