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NCRA

Nocera, Inc.

NCRA

Nocera, Inc. • NASDAQ
$1.07 ▼ -2.27% (-0.03)
Market Cap $15.45 M
52w High $2.40
52w Low $0.70
Dividend Yield 0%
P/E -3.58
Volume 3.81K
Outstanding Shares 14.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.603M ▼ $869.686K ▲ $-1.501M ▼ -93.601% ▼ $-0.1 ▼ $-1.494M ▼
Q2-2025 $3.972M ▼ $236.322K ▼ $-491.708K ▼ -12.38% ▼ $-0.035 ▼ $-32.814K ▲
Q1-2025 $4.534M ▲ $334.371K ▼ $-248.017K ▲ -5.47% ▲ $-0.018 ▲ $-245.671K ▼
Q4-2024 $3.997M ▲ $1.384M ▲ $-1.228M ▼ -30.731% ▼ $-0.093 ▼ $-36.351K ▲
Q3-2024 $1.363M $335.202K $-285.418K -20.939% $-0.021 $-239.428K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.034M ▲ $5.929M ▲ $1.044M ▲ $4.873M ▲
Q2-2025 $150.13K ▼ $4.44M ▼ $681.456K ▼ $3.735M ▼
Q1-2025 $531.771K ▲ $4.821M ▼ $706.384K ▲ $4.084M ▼
Q4-2024 $484.371K ▲ $4.883M ▼ $662.983K ▼ $4.179M ▼
Q3-2024 $372.478K $7.06M $2.423M $4.591M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.501M ▼ $-802.826K ▼ $0 ▲ $2.633M ▲ $1.884M ▲ $-802.83K ▼
Q2-2025 $-502.645K ▼ $-205.187K ▼ $-136.155K ▼ $88.183K ▼ $-381.641K ▼ $-205.187K ▼
Q1-2025 $-257.617K ▲ $-115.102K ▲ $213 ▲ $148.183K ▼ $47.61K ▼ $-115.102K ▲
Q4-2024 $-1.228M ▼ $-681.146K ▼ $-456.003K ▼ $1.091M ▲ $111.891K ▲ $-681.15K ▼
Q3-2024 $-298.382K $-251.521K $-206 $22.326K $-214.153K $-251.521K

Five-Year Company Overview

Income Statement

Income Statement Nocera’s income statement reflects a very small, early-stage business with limited commercial scale. Revenue has been low and fairly flat, with no clear evidence yet of strong, profitable growth. Reported profits remain negative, and per‑share losses have been meaningful and volatile over the past few years. This suggests the core aquaculture and related activities are still in the build‑out and experimentation phase rather than in a mature, cash‑generating phase. Overall, the financial track record is thin and not yet demonstrating durable profitability.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest level of assets and essentially no reported debt. Equity has been small and at times close to the margin, which is typical of a micro‑cap or development‑stage company. The long history of reverse stock splits indicates that past dilution and value erosion have been significant. The planned use of large external funding tied to digital assets, if executed, could change the balance sheet profile quickly, but also adds uncertainty about future capital structure and risk.

Cash Flow

Cash Flow Reported cash flow figures are extremely limited, with no clear sign of strong, recurring operating cash generation or heavy investment spending. This likely reflects both the very small current scale of operations and the company’s reliance on equity financing and deals rather than internally generated cash. For now, Nocera appears dependent on capital markets and strategic funding arrangements rather than on its own cash flow engine to support expansion or new initiatives.

Competitive Edge

Competitive Edge Nocera’s competitive position is built around cost‑effective, relatively simple recirculating aquaculture systems aimed at making modern fish farming more accessible, especially for smaller and mid‑sized operators. The ability to raise more fish in the same space while recycling most of the water is a clear differentiator in terms of efficiency and sustainability. The company also seeks an edge by offering full‑service solutions—equipment, design, consulting, and its own farming operations—rather than just selling hardware. However, its tiny scale and limited financial resources put it at a disadvantage versus larger aquaculture and food-technology players, and recent moves into e‑commerce and digital assets may stretch management focus across very different competitive arenas.

Innovation and R&D

Innovation and R&D Innovation is a central part of Nocera’s story. Its fish‑farming systems are designed to be modular, efficient, and environmentally friendly, with improved oxygenation and high‑density stocking capabilities. Earlier container‑based systems and newer cylindrical tanks show a pattern of practical, cost‑focused engineering rather than flashy, high‑end technology. The company is also experimenting with broader concepts, such as combining aquaculture with solar power in industrial parks and leveraging a data‑driven e‑commerce platform. The planned use of digital assets as a balance‑sheet and acquisition tool is unconventional and innovative but also adds a layer of complexity and regulatory and execution risk. Overall, there is clear creativity, but the commercial payoff from these innovations is still uncertain.

Summary

Nocera is a very small, development‑stage company with an ambitious narrative: sustainable, high‑density aquaculture technology, potential fish‑farm expansion in the U.S. and Asia, integration with renewable energy, and a new push into e‑commerce and digital assets. Financially, it remains early and fragile, with limited revenue, ongoing losses, a thin asset base, and a history of heavy reverse splits. Strategically, the core aquaculture technology and full‑service model could offer a niche position, but the simultaneous pivot into online retail and digital assets makes the story more complex and harder to evaluate. The key uncertainties revolve around execution: scaling the core fish‑farming business, successfully managing diverse new ventures, and stabilizing the financial profile without excessive dilution or risk. For observers, this is best viewed as a speculative, high‑uncertainty situation where the narrative is far more developed than the current financial results.

NEWS

November 20, 2025 · 4:30 PM UTC

Nocera Announces Closing of Initial $8 Million Funding Round

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November 3, 2025 · 7:00 AM UTC

Nocera Secures up to $300 Million Private Placement to Support Digital Asset Strategy and Strategic Acquisitions

Read more