Nocera
Trades eels in Taiwan and facilitates live-streaming e-commerce.
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Profile
Trades eels and other fish in Taiwan while earning commissions from live-streaming e-commerce and retaining aquaculture-system design and consulting. Fish trading provides nearly all continuing revenue, alongside a newer technology-holding strategy using investments, proposed acquisitions, and a Bitcoin treasury.
Trades eels and other fish through its Taiwan branch, arranging harvesting, inspection against customer specifications, and delivery after receiving orders. It also facilitates third-party sales through live-streaming platforms, earning commissions as an agent rather than controlling the merchandise.
Serves fish-trading markets in Japan and Taiwan; e-commerce activity reaches the United States, France, and China. Legacy recirculating-aquaculture-system work is now limited to design and consulting after the company stopped bulk unit production.
Fish trading accounts for nearly all continuing revenue and operates with a very low margin. A technology-holding transition adds investments, a Bitcoin treasury, and AI, energy, and memory initiatives; the e-commerce business and QMAX holding use contractual VIE structures rather than direct equity ownership.
Company facts
Categories
Key statistics
Year to date −92.6% · Average volume (30d) 5.0M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | — | −$0.99 | — | — | $2.1M | — | −6.15% |
| May 14, 2026Q1 FY26 | — | −$2.70 | — | — | $2.3M | — | −1.28% |
| Mar 23, 2026Q4 FY25 | — | −$1.36 | — | — | $3.5M | — | −4.15% |
| Nov 14, 2025Q3 FY25 | — | −$3.00 | — | — | $1.6M | — | −1.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $4.0M | $1.6M | $3.5M | $2.3M | $2.1M | |
| Gross profit | $51.0K | $32.5K | $49.1K | $40.2K | $42.0K | $18.0K | |
| Operating income | −$283.4K | −$203.9K | −$820.6K | −$1.3M | −$517.2K | −$1.2M | |
| Net income | −$248.0K | −$491.7K | −$1.5M | −$596.5K | −$1.3M | −$1.5M | |
| Diluted EPS | −$0.53 | −$1.04 | −$3.00 | −$1.36 | −$2.59 | −$0.99 | |
| Gross margin | 1.1% | 0.8% | 3.1% | 1.1% | 1.8% | 0.8% | |
| Operating margin | -6.3% | -5.1% | -51.2% | -37.5% | -22.7% | -54.9% |
Fiscal years (4-quarter sums)FY21 $9.9M · FY22 $15.7M · FY23 $23.9M · FY24 $17.0M · FY25 $13.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $4.8M · Total debt $22.6K · Total assets $8.2M · Shareholders' equity $5.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 1.56M · Float 210.7K · 13.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Shun-Chih Chuang · officer: Chief Financial Officer | 124.0K | 7.95% | Form 4 | Aug 20, 2026 |
| Song-Yuan Teng · director, officer: Chief Executive Officer (Asia) | 60.0K | 3.85% | Form 4 | Aug 19, 2026 |
| Andy Ching-An Jin · director, officer: Chief Executive Officer | 50.0K | 3.20% | Form 4 | Aug 19, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | HRT Financial LP | 10 percent owner | −199,781 | $0.1010 |
| Jun 29, 2026 | HRT Financial LP | 10 percent owner | +117,565 | $0.1030 |
| Jun 26, 2026 | HRT Financial LP | 10 percent owner | −95,466 | $0.0950 |
| Jun 25, 2026 | HRT Financial LP | 10 percent owner | +137,430 | $0.0920 |
| Jun 24, 2026 | HRT Financial LP | 10 percent owner | −80,661 | $0.1020 |
Peers
Not reported.