Nocera, Inc. reported its financial results for the third quarter of 2025, revealing a net loss of $1.5 million, a significant increase from a loss of $315,267 in the same period last year. For the nine months ending September 30, 2025, the company recorded a net loss of $2.24 million, compared to a loss of $519,420 for the same period in 2024. The company's revenue for the third quarter was $1.6 million, up from $1.36 million in the prior year, while year-to-date revenue decreased to $10.1 million from $13 million, primarily due to weaker performance in its fish trading and catering businesses.

The company's gross profit for the third quarter increased to $49,102 from $34,131 year-over-year, attributed to improved operating results in its Meixin catering and fish trading segments. However, gross profit for the nine-month period fell to $132,506 from $163,879, reflecting challenges in the fish trading business, where sales volume decreased despite an increase in average selling prices. General and administrative expenses surged to $869,686 for the third quarter, up from $335,202, driven by higher audit and consulting fees.

Nocera's operational metrics indicate a strategic shift, with the company focusing on expanding its e-commerce capabilities and enhancing its fish farming technology. The company has made significant investments, including the acquisition of a 35% equity interest in Tachyonext, an e-commerce firm, for $500,000. Additionally, Nocera sold its subsidiary, SY Culture, for $550,000, resulting in a loss of $87,332, which was recorded in other income.

As of September 30, 2025, Nocera's cash and cash equivalents stood at $2.03 million, a notable increase from $484,161 at the end of 2024. The company reported net cash used in operating activities of $1.12 million for the nine months, reflecting its ongoing losses. Looking ahead, Nocera plans to raise approximately $40 million through equity issuance and debt financing to support its growth initiatives, including the development of land-based fish farms in Taiwan, the U.S., and Brazil. The company remains focused on improving its financial position and operational efficiency, although it acknowledges the challenges posed by market conditions and the need for additional capital.

About NOCERA, INC.

Nocera, Inc. designs and produces recirculating aquaculture systems (RAS) for land-based fish farms, offering consulting, technology transfer, and project management services globally. Its systems enable environmentally friendly, space-efficient seafood production, primarily focusing on fish like eel. The company targets international markets, emphasizing sustainable aquaculture solutions to address rising global seafood demand and reduce environmental impact.

This description was generated via AI from an annual report. Updated 8 months ago.

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