NOCERA, INC. NCRA
our business operations consist primarily of two segments: (i) Fish Trading and (ii) E-Commerce. Our Fish Trading segment is carried out
by our wholly-owned subsidiary, Nocera Inc. Taiwan Branch ("NTB"). NTB engages in the trading of fish, primarily eels, in
the Republic of Taiwan, or Taiwan. Upon receiving an order, the Company arranges for the harvesting of the eels, inspects the products
to ensure compliance with the customer's specifications, and coordinates delivery. In the E-Commerce segment, which is administered
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0M | $12.1M | $23.9M | $14.1M | $3.8M | $1.2M | $456.9K | $4.8M | $0 | — |
| Cost of revenue | $10.9M | $11.9M | $23.7M | $13.8M | $3.8M | $526.3K | $104.2K | $2.0M | $0 | — |
| Gross profit | $161.2K | $270.7K | $195.0K | $256.0K | $73.8K | $643.8K | $352.6K | $2.8M | $0 | — |
| SG&A | $2.6M | $2.4M | $2.3M | $2.8M | $10.2M | $1.3M | $1.7M | $337.5K | $1.2K | — |
| Total operating expenses | $2.6M | $5.0M | $4.6M | $2.8M | $10.2M | $1.3M | $1.7M | $337.5K | $1.2K | — |
| Operating income | — | — | -$4.4M | $0 | $0 | -$681.9K | -$1.4M | $2.5M | -$1.2K | — |
| Interest expense | — | — | — | $0 | $0 | $0 | $7.2K | $0 | — | — |
| Pre-tax income | -$2.3M | -$4.1M | -$4.1M | -$2.1M | $0 | -$681.8K | -$1.4M | $2.5M | -$1.2K | — |
| Income tax | $252.0K | $234.6K | $22.7K | $23.8K | $9.4K | $42.8K | $90.0K | $659.5K | $0 | — |
| Net income | -$2.9M | -$4.5M | -$4.1M | -$4.8M | -$9.6M | -$632.4K | -$1.3M | $1.8M | -$1.2K | — |
| EPS, basic | -6.15 | -9.54 | -0.42 | -0.61 | -1.57 | -0.05 | -0.10 | 0.18 | -0.00 | — |
| EPS, diluted | -6.15 | -9.54 | -0.42 | -0.61 | -1.57 | -0.05 | -0.10 | 0.18 | -0.00 | — |
| Shares, diluted (wtd. avg.) | $481.1K | $468.3K | $9.8M | $7.9M | $6.1M | $11.8M | $12.4M | $10.0M | $10.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.0M | $484.2K | $1.2M | $2.9M | $2.1M | $166.0K | $28.5K | $7.2K | $1.4K | $0 |
| Receivables | $0 | $41.9K | $173.4K | $209.8K | $114.5K | $432.3K | $1.5M | $3.5M | $0 | — |
| Inventory | — | $86.0K | $88.4K | $91.8K | $97.2K | $1.7M | $287.4K | $63.4K | $0 | — |
| Total current assets | $8.3M | $680.6K | $1.7M | $3.2M | $6.8M | $4.1M | $2.5M | $4.2M | $109.0K | — |
| Property, plant and equipment | $882.8K | $1.3M | $1.5M | $844.6K | $24.1K | $50.9K | $194.8K | $58.7K | $0 | — |
| Goodwill | $0 | $726.0K | $1.7M | $3.9M | $0 | $332.0K | $0 | — | — | — |
| Other intangibles | $0 | $97.8K | $114.1K | $130.4K | $0 | $0 | $473.9K | $0 | — | — |
| Total assets | $10.1M | $2.9M | $5.0M | $8.1M | $6.9M | $4.9M | $4.4M | $4.2M | $109.0K | — |
| Accounts payable | — | $0 | $0 | $2.6K | $0 | $18.8K | $251.6K | $233.5K | $0 | — |
| Total current liabilities | $693.0K | $749.1K | $1.6M | $1.5M | $2.1M | $2.4M | $2.6M | $2.2M | $113.2K | — |
| Long-term debt | — | $0 | $0 | — | — | — | — | — | — | — |
| Total liabilities | $7.9M | $773.5K | $1.6M | $2.0M | $2.1M | $2.4M | $2.7M | $2.3M | $113.2K | — |
| Retained earnings | -$26.2M | -$23.3M | -$18.9M | -$14.7M | -$9.9M | -$293.2K | $1.2M | $1.6M | -$4.2K | — |
| Total equity | -$440.7K | $2.1M | $3.4M | $6.2M | $4.8M | $2.6M | $762.4K | $2.0M | -$4.2K | -$3.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.6M | -$2.1M | -$1.1M | -$1.8M | $203.1K | -$129.8K | $266.8K | -$790.3K | -$105.0K | — |
| Depreciation and amortisation | $210.5K | $134.3K | $171.3K | $66.9K | $6.1K | $75.0K | $32.6K | $9.7K | $0 | — |
| Stock-based compensation | $59.9K | $60.8K | $163.6K | $413.5K | $6.6M | $265.8K | $64.2K | $0 | — | — |
| Capital expenditure | — | $956 | $857.9K | $0 | $25.1K | $57.2K | $171.1K | $70.3K | $0 | — |
| Investing cash flow | -$118.1K | $197.4K | -$1.1M | -$4.0M | $25.1K | $770.9K | -$713.0K | -$68.4K | $0 | — |
| Financing cash flow | $10.2M | $1.1M | $449.9K | $6.3M | $1.2M | $217.5K | $468.4K | $844.8K | $106.4K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-26-006788.
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