Nocera, Inc.’s October 2022 Sales Top $3 Million As Nocera’s Eel Fish Enters Japanese Market

Nocera, Inc. (NASDAQ:NCRA) reported sales exceeding $3 million for October 2022, driven by a significant entry into the Japanese market through Taiwanese exporters.

Rhea-AI Summary

Nocera, Inc. (NASDAQ:NCRA) reported sales exceeding $3 million for October 2022, driven by a significant entry into the Japanese market through Taiwanese exporters. The company sold $2 million worth of eels, capitalizing on the recent depreciation of the Japanese Yen. CEO Jeff Cheng anticipates the revenue momentum to continue, aiming for a total gross revenue of $14-$15 million for 2022. Nocera specializes in land-based Recirculatory Aquaculture Systems (RAS) for sustainable seafood production.

Positive

• Achieved over $3 million in sales for October 2022.
• Successfully entered the Japanese market for eel exports.
• CEO projects continued sales momentum through end of 2022 and into 2023.
• Potential gross revenue target for 2022 set at $14-$15 million.

Negative

• None.

Argus Session date unavailable

+11.40% session move Open Argus

Details

News Market Reaction – NCRA

The recorded move for NCRA in the trading session of this news was +11.40%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Nocera, Inc. Sold $2 million of eels to Taiwanese exporters to Japan and together with domestic sales revenue tops $3 million

TAIPEI, TAIWAN / ACCESSWIRE / November 17, 2022 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company"),a fully integrated sustainable seafood company with a focus on manufacturing and operating land-based Recirculatory Aquaculture Systems (RAS), announced today that the Company achieved sales of revenue over of $3 million for the month of October.

Prior to October 2022, Nocera's focus for its products was the Taiwanese domestic market. Nocera took the advantage of the recent depreciation of the Japanese Yen to sell eel to Taiwanese exporters at a better price point to enter the Japanese market.

Jeff Cheng, Nocera's CEO, commented, "We anticipate this breakthrough into Japanese Market through Taiwanese exporters of $3 million monthly revenue for October will continue through November and December of 2022. We expect this sales revenue to be reoccurring continue through 2023. We believe we are on target to achieve our 2022 gross revenue of $14-$15 million. The depreciation of Japanese Yen gives us significant advantage as we can provide the best seafood at the best price point against our other competitor."

About Nocera, Inc.

Nocera (NASDAQ:NCRA) is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems (RAS) for both fresh and saltwater fish and invests in fish farms by building high-tech RASs. The Company's main business operation consists of the design, development, and production of large-scale RAS fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators. For more information, please visit the company's website at www.nocera.company

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will" and similar expressions as they relate to Nocera are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. Nocera is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Investor Contacts:

Hanover Int'l
Jh@hanoverintlinc.com

SOURCE: Nocera, Inc.

View source version on accesswire.com:
https://www.accesswire.com/725957/Nocera-Incs-October-2022-Sales-Top-3-Million-As-Noceras-Eel-Fish-Enters-Japanese-Market

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Nocera's total sales for October 2022?

Nocera reported sales exceeding $3 million for October 2022.

How much eel did Nocera sell to Taiwanese exporters?

Nocera sold $2 million of eels to Taiwanese exporters for the Japanese market.

What is Nocera's revenue projection for 2022?

Nocera aims for a gross revenue of $14-$15 million for 2022.

How did the Japanese Yen depreciation affect Nocera?

The depreciation allowed Nocera to sell eel at better price points, aiding entry into the Japanese market.