Nocera Stock Price, News & Analysis

Nocera, Inc. (NASDAQ:NCRA) announced the opening of its flagship bento box store in Nangang District, Taipei. This new business initiative aims to boost profit margins by up to 200% through a business-to-consumer (B2C) model, projected to generate $3 - $6 million in revenue in 2023. The store features popular dishes like grilled eel rice bowl and super value bento box, appealing to the demand of over 25,000 employees in the nearby Nangang Software Park. Nocera’s CEO highlighted the strategic shift from B2B to B2C, leveraging their expertise in fish product trading.

Nocera, Inc. (NASDAQ:NCRA) reported a record-breaking monthly revenue of approximately $3.2 million in eel sales for November. The company anticipates total revenue between $36 to $40 million in 2023, with a growing focus on business-to-consumer sales expected to account for 10% of total revenue and yield a significantly higher profit margin. CEO Jeff Cheng expressed optimism about the company's growth trajectory, particularly with the sustainability of fishing drawing increasing attention globally.

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.

Nocera, Inc. (NASDAQ:NCRA) has entered into a distribution agreement with Farmers Vending Machine Co. Ltd. to supply seafood, fruit, and vegetables, generating an anticipated gross revenue of $1,000,000 monthly starting October 1, 2022. The partnership aims to increase Farmers' product offerings and expand into department stores. CEO Jeff Cheng projects over $12 million in gross revenue for 2023. Nocera focuses on sustainable aquaculture systems, contributing to the seafood supply chain.

Nocera, Inc. (NASDAQ:NCRA) has announced its acquisition of a 51% controlling interest in iTake Inc. for $200,000 plus 100,000 class A warrants. This strategic move, expected to close by November 15, 2022, is projected to increase Nocera's revenues by $3 million and potentially yield $1 million in gross profits. iTake specializes in AIOT technology, with plans to establish 300 unmanned shops in Taiwan to reduce labor costs. The acquisition will enable Nocera to utilize iTake's Smart Cabinets for enhanced distribution of their seafood products.

Nocera, Inc. (NASDAQ:NCRA) will celebrate its recent NASDAQ listing by ringing the closing bell on September 29, 2022. CEO Jeff Cheng will lead the event alongside the executive team and select employees. The occasion marks a significant milestone for the company as it aims to enhance U.S. aquaculture. Nocera is acquiring 229 acres in Alabama for $875,000 to build a high-tech land-based fish farm using its Recirculatory Aquaculture Technology. The company provides integrated aquaculture systems for fresh and saltwater fish, focusing on sustainability.

Nocera, Inc. (NASDAQ:NCRA) announced plans to soft open its new seafood porridge business on September 26, 2022, located at Ningxia Night Market in Taipei, Taiwan. The company aims to generate over $10 million in revenue for the fiscal year 2023 with its eel rice and bento box offerings, featuring locally sourced eel known for its nutritional value. Additionally, a flagship bento box store is set to open on October 31, 2022. CEO Jeff Cheng emphasized the quality and health benefits of their eel products, citing optimal growing conditions in local aquaculture.

Nocera, Inc. (NASDAQ:NCRA) announced the acquisition of 229 acres of agricultural land in Montgomery, Alabama, expected to boost revenues by up to $10 million, with a gross profit potential of $7 million. The purchase agreement, executed on September 8, 2022, is set to close by October 31, 2022, for $865,000, with financing of up to 85% from local banks. This marks Nocera's first entry into the U.S. fish farming industry, enhancing its sustainable seafood operations through land-based Recirculatory Aquaculture Systems.

Nocera, Inc. (NASDAQ:NCRA) announced its acquisition of an 80% controlling stake in Meixin Institutional Food Development Co., Ltd. for $4.3 million. Meixin, based in Taipei, specializes in producing hot and frozen meals, including bento boxes. This acquisition is part of Nocera's vertical integration strategy to enhance its sustainable seafood offerings, expecting to generate up to $10 million in revenue for fiscal 2023. CEO Jeff Cheng expressed confidence in leveraging Meixin's expertise to create new food products for distribution.