--- title: "Nocera | 10-K: FY2025 Revenue: USD 13.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/282900189.md" datetime: "2026-04-15T21:12:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282900189.md) - [en](https://longbridge.com/en/news/282900189.md) - [zh-HK](https://longbridge.com/zh-HK/news/282900189.md) --- # Nocera | 10-K: FY2025 Revenue: USD 13.63 M Revenue: As of FY2025, the actual value is USD 13.63 M. EPS: As of FY2025, the actual value is USD -0.2069. EBIT: As of FY2025, the actual value is USD -2.554 M. ### Segment Revenue - **Fish Trading:** Revenue was $10,853,021 in 2025, a decrease from $11,853,106 in 2024. - **E-Commerce:** Revenue was $160,025 in 2025, down from $345,033 in 2024. - **Catering (Discontinued Operations):** Net sales were $2,597,349 in 2025, compared to $4,890,187 in 2024. ### Operational Metrics (Continuing Operations) - **Gross Profit:** - **Overall:** Gross profit decreased to $172,677 in 2025 from $334,261 in 2024, primarily due to the disposal of SY Culture in the e-commerce business during Q2 2025. - **Fish Trading:** Gross profit was $21,668 in 2025, compared to $24,163 in 2024. - **E-Commerce:** Gross profit was $124,226 in 2025, down from $236,406 in 2024. - **Operating Expenses:** - **Overall:** Total operating expenses were - $2,842,170 in 2025, a decrease from - $5,278,287 in 2024. - **Impairment of goodwill:** No impairment was recorded in 2025, compared to - $2,510,875 in 2024. - **General and administrative expenses:** These expenses increased to - $2,842,170 in 2025 from - $2,706,581 in 2024, primarily due to - $0.6 million in issuance costs for a senior secured convertible note in Q4 2025. - **Share-based compensation:** This was - $0 in 2025, compared to - $60,831 in 2024. - **Fish Trading General and Administrative Expenses:** These were - $2,546,060 in 2025, compared to - $1,469,207 in 2024. - **E-Commerce General and Administrative Expenses:** These were - $52,518 in 2025, compared to - $469,976 in 2024. - **Segment Operating Losses:** - **Fish Trading:** Operating losses were - $2,524,392 in 2025, increasing from - $1,445,044 in 2024. - **E-Commerce:** Operating losses improved to $71,708 in 2025 from - $233,570 in 2024. - **Net Loss from Continuing Operations:** The net loss was - $2,666,836 in 2025, an improvement from - $4,293,670 in 2024. - **Net Loss from Discontinued Operations:** This was - $213,205 in 2025, compared to - $196,705 in 2024. - **Net Loss Attributable to Nocera Shareholders:** The net loss was - $2,960,032 in 2025, an improvement from - $4,467,033 in 2024. ### Cash Flow - **Net Cash Used in Operating Activities:** This was - $2,585,122 in 2025, increasing from - $2,095,549 in 2024. - **Net Cash (Used in) Provided by Investing Activities:** This was - $118,115 in 2025, a decrease from $220,465 provided in 2024. - **Net Cash Provided by Financing Activities:** This significantly increased to $10,159,388 in 2025 from $1,101,218 in 2024, primarily due to proceeds from the issuance of common stock, preferred stock, and convertible notes. - **Cash and Cash Equivalents at End of Year:** The company ended 2025 with $7,952,180 in cash and cash equivalents, a substantial increase from $484,161 in 2024. ### Unique Metrics - **Goodwill Impairment:** In 2024, Nocera, Inc. recognized a goodwill impairment charge of - $1,159,172 related to the Meixin reporting unit and a full impairment of goodwill of - $1,351,703 related to Xinca, both due to operational declines and adverse market conditions. - **Customer Concentration:** In 2025, five customers represented approximately 87.5% of total revenue, an increase from 74.2% in 2024. - **Bitcoin Treasury Strategy:** In January 2026, Nocera, Inc. allocated $2.0 million of corporate funds to purchase approximately 12 Bitcoin at an average price of $83,000 and intends to continue this strategy. ### Outlook / Guidance Nocera, Inc. faces substantial doubt about its ability to continue as a going concern due to accumulated losses and negative operating cash flows. Management plans to address these conditions by seeking additional financing, implementing cost controls, and expanding revenue-generating activities, though success is not assured. The company also received a Nasdaq deficiency letter in February 2026 for not meeting the minimum bid price requirement and is evaluating options to regain compliance by August 3, 2026. ### Related Stocks - [NCRA.US](https://longbridge.com/en/quote/NCRA.US.md) ## Related News & Research - [Here's Why FSN E-Commerce Ventures (NSE:NYKAA) Has Caught The Eye Of Investors](https://longbridge.com/en/news/286881823.md) - [Bristow Spotlights Advanced Air Mobility Milestones and Safety Performance in 2025 Sustainability Report | VTOL Stock News](https://longbridge.com/en/news/286912514.md) - [Walmart Will Report Q1 Earnings Tomorrow. 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