Nova Lifestyle Inc (NVFY)

[MaineMan5]

Company earned $.11 in 3rd Q and stated they would earn $.11 - $13 in 4th Q, so will be $.22 - $.24 in last 6 months after they report 4th Q in Feb. They have also stated they are projecting "the same growth momentum to continue well into 2018" per their guidance statement 11/17 - so I think earnings of $.40 in '18 possible. Company does seem to have a concentration of sales however, as noted in their last filing, which is a bit of a concern. From page 12 of their 10-Q filed 11/13:

"A customer accounted for 35% and 10% of the Company’s sales for the nine months ended September 30, 2017 and 2016, respectively. A customer accounted for 54% and 10% of the Company’s sales for the three months ended September 30, 2017 and 2016, respectively. Accounts receivable from this customer were $21,812,355 and $5,216,213 as of September 30, 2017 and December 31, 2016, respectively."

Would like to know more about that because if that customer slows orders, could reduce above projections significantly.