Nocera, Inc. reported a significant decline in financial performance for the first quarter of 2026, with net sales of $2.28 million, down from $4.53 million in the same period last year. The company's gross profit also decreased to $41,980 from $50,950, reflecting challenges primarily in its fish trading segment. The net loss attributable to Nocera shareholders widened to $1.27 million, compared to a loss of $248,018 in the first quarter of 2025. This resulted in a loss per share of $0.0865, compared to $0.0175 in the prior year.
The company's operational metrics indicate a notable shift, with total current assets decreasing to $5.68 million from $8.27 million at the end of 2025. Cash and cash equivalents also fell sharply to $5.37 million from $7.95 million. The decline in revenue and profitability is attributed to a decrease in sales from the fish trading business and increased operating expenses, which rose to $619,062 from $334,372, largely due to higher wages and share-based compensation.
Strategically, Nocera has made significant investments in digital assets, allocating $2 million to purchase Bitcoin as part of its corporate treasury strategy. This investment is expected to continue, with the company acquiring approximately 12 Bitcoin at an average price of $83,000. Additionally, Nocera has expanded its equity investments in e-commerce, acquiring stakes in two companies, Tachyonext and Longwool, which are expected to enhance its operational platform and diversify revenue streams.
Despite these strategic moves, the company faces challenges, including a notification from Nasdaq regarding non-compliance with minimum stockholders' equity requirements. As of December 31, 2025, Nocera reported stockholders' equity of $(440,735), raising concerns about its ability to maintain its listing. Management is exploring options to regain compliance, including seeking additional capital through equity financing and pursuing strategic financing alternatives. The outlook remains uncertain, with substantial doubt about the company's ability to continue as a going concern within the next year, as indicated in the filing.
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.
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