Nova Lifestyle Reports Q3 Revenue Decline and Significant Net Loss
Nova Lifestyle (XMAX) reported third-quarter revenue of $6.4 million, representing a 34.7% decrease compared to the same period last year. The company experienced a substantial net loss of $9.0 million for the quarter, a significant increase from the $1.1 million loss reported in the prior year's third quarter. The widened net loss was primarily driven by a $10.5 million non-cash unrealized loss related to the company's investment in Preamble Capital, though this was partially mitigated by a $3.6 million deferred tax benefit. Despite the losses, Nova Lifestyle reported an improved cash position, with $10.6 million in cash and cash equivalents as of September 30, 2026.
Topics: cash position net loss revenue decline unrealized loss