Quarterly ResultMay 14, 2026, 05:07 PM
Nocera Q1 Net Loss Widens to $1.27M; Going Concern Doubt Raised
AI Summary
Nocera, Inc. reported a significant widening of its net loss to $1,273,741 for the first quarter of 2026, compared to $257,618 in the same period last year, alongside a substantial decline in net sales. The company also disclosed a going concern warning, citing accumulated losses and negative cash flows from operations. During the quarter, Nocera invested $2.0 million in Bitcoin as part of its corporate treasury strategy, which resulted in an unrealized loss of $394,587.
Key Highlights
- Net loss widened to $1,273,741 for Q1 2026, up from $257,618 in Q1 2025.
- Net sales decreased to $2,277,784 in Q1 2026 from $4,534,128 in Q1 2025.
- Loss per share was $0.0865 for Q1 2026, compared to $0.0175 in Q1 2025.
- Management raised substantial doubt about the company's ability to continue as a going concern.
- Cash and cash equivalents decreased to $5,367,067 as of March 31, 2026.
- Net cash used in operating activities increased to $583,026 for Q1 2026.
- Company invested $2.0 million in Bitcoin, holding $1,605,413 with $394,587 unrealized loss.
- Senior secured convertible note had a fair value of $7,205,666 as of March 31, 2026.