# Nocera Inc. (NCRA)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $2M  
**Price:** $0.13 (-13.19%)

> Nocera is an acquisition-focused company that designs, develops, and produces land-based recirculating aquaculture systems for fish farms, offering consulting, technology transfer, and aquaculture project management services to aquaculture facilities and operators. Headquartered in New Taipei City, Taiwan, the company provides engineering, procurement, and construction solutions for sustainable, land-based seafood production using water-recirculation technology for both fresh and saltwater fish farming. Beyond its core aquaculture operations, Nocera has pursued a diversification strategy into adjacent sectors, including a strategic investment in direct-to-consumer e-commerce through its stake in Tachyonext Inc., which operates end-to-end DTC businesses encompassing supply chain management, digital marketing, and order fulfillment. The company has also developed a digital asset treasury strategy supported by convertible financing arrangements. Nocera's business model encompasses aquaculture system design and manufacturing, project management services to reduce water pollution and disease in fisheries, and expansion into technology-driven consumer markets, positioning itself as an industry-agnostic platform pursuing strategic acquisitions and growth opportunities across multiple sectors.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11M | $161,245 | -$2M | -$3M | $-0.21 |
| 2024 | $17M | $334,261 | -$2M | -$2M | $-0.18 |
| 2023 | $24M | $194,959 | -$2M | -$4M | $-0.44 |
| 2022 | $14M | $255,966 | -$3M | -$5M | $-0.61 |
| 2021 | $4M | $73,810 | -$10M | -$10M | $-1.57 |
| 2020 | $1M | $643,813 | -$681,883 | -$639,070 | $-0.11 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $10M | $11M | -$440,735 | $8M | $18,243 |
| 2024 | $5M | $662,983 | $4M | $484,161 | $23,786 |
| 2023 | $5M | $2M | $3M | $1M | — |
| 2022 | $8M | $2M | $6M | $3M | $436,341 |
| 2021 | $7M | $2M | $5M | $2M | — |
| 2020 | $5M | $2M | $3M | $1M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$3M | — | -$3M |
| 2024 | -$3M | -$956 | -$2M |
| 2023 | -$3M | -$857,870 | -$2M |
| 2022 | -$991,084 | — | -$2M |
| 2021 | -$717,876 | $25,067 | $203,103 |
| 2020 | $214,095 | -$57,153 | -$212,337 |

Source: [CompaniesByCap](https://companiesbycap.com/company/NCRA)