Fri, Jun 20, 9:02 PM (29 days ago)
**Nocera, Inc. (NCRA) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $4.53 million, down from $4.89 million in Q1 2024. - **Gross Profit:** $50,950, down from $83,961 in Q1 2024. - **Net Loss:** $257,617, slightly improved from $296,076 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $115,102, an improvement from $460,994 in Q1 2024. - **Cash Balance:** $531,771 as of March 31, 2025. **Segment Performance:** - **Fish Trading:** Revenue decreased, but selling prices increased. - **Catering:** Increased sales volume and average prices. - **E-commerce:** Revenue decreased significantly. **Profit Margins & Cash Flow:** - **Operating Expenses:** $334,371, down from $451,464 in Q1 2024. - **Other Income:** $25,804, down from $195,573 in Q1 2024. - **Income Tax Expense:** $0, down from $124,146 in Q1 2024. **Earnings Changes & Trends:** - **Revenue Decline:** Primarily due to decreased sales from Meixin catering and fish trading businesses. - **Cost Reduction:** Decrease in salary and commission expenses. - **Cash Flow Improvement:** Better management of operating expenses and cash outflows. **Uncertainties & Future Operations:** - **Geopolitical Risks:** Potential impacts from global events and trade disputes. - **Currency Fluctuations:** Exposure to foreign exchange rate changes. - **Funding Needs:** Plans to raise approximately $40 million through equity issuance, leveraged buyout, and debt financing. - **Capital Expenditures:** Approximately $30 million allocated for business combinations and acquisitions. **Management's Outlook:** - Focus on growing existing product offerings and customer base. - Plans to build land-based fish farming demo sites in multiple countries. - Anticipates raising additional capital to support strategic initiatives and meet working capital requirements. **Controls & Procedures:** - Material weaknesses identified in disclosure controls and procedures. - Plans to remediate weaknesses and enhance internal controls. **Risk Factors:** - Dependence on key customers and suppliers. - Exposure to commodity price fluctuations. - Geopolitical and regulatory uncertainties. **Future Operations Impact:** - Continued focus on revenue growth and cost management. - Strategic investments in business combinations and acquisitions. - Ongoing efforts to improve internal controls and financial reporting.