Nova LifeStyle, Inc. Reports Second Quarter FY 2025 Results

Financial Performance - Net sales for the three months ended June 30, 2025, were $2.56 million, a decrease of 5% from $2.69 million in the same period of 2024 [5] - Gross profit for the same period was $1.28 million compared to $1.19 million in the same period of 2024 [5] - Net loss for the three months was ($289 thousand), an improvement from a loss of ($536 thousand) in the same period of 2024 [5] - For the six months ended June 30, 2025, net sales were $5.19 million, an increase of 3% from $5.06 million in the same period of 2024 [5] - Gross profit for the six months was $2.49 million, compared to $2.21 million in the same period of 2024 [5] - Net loss for the six months was ($629 thousand), significantly improved from a loss of ($2.03 million) in the same period of 2024 [5] Industry Outlook - The company acknowledges potential volatility in the furniture industry in the short term but believes it is well-positioned to meet customer needs [1] - The company is encouraged by incoming purchase orders and ongoing discussions with buyers, leading to increased advances to suppliers to maintain adequate inventory levels for the second half of the year [1]