# NOCERA, INC. (NCRA) · Edgar & Edgarette company card

> Nocera (NCRA) saw revenue fall 35.2% in FY2025 to $11 million, equity -4.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1756180 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NCRA) · [JSON](https://www.pops4.com/boards/company/NCRA.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $11M |
| Revenue growth, 1 year | -35.2% |
| Revenue growth per year | 30.2% |
| Operating margin | — |
| Net margin | -26.1% |
| Operating cash flow | −$3M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $8M |
| Long-term debt | — |
| Total assets | $10M |
| Total equity | −$440,735 |
| Equity ÷ assets | -4.4% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, debt accelerated or triggered, earlier statements no longer to be relied on, auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; revenue is hard to predict: its 80% range is ±84%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $11.0M (FY2025). Experience: revenue down 35.2% on the year, up 30.2% a year over 4 years. Soundness: equity -4.4% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.5M and $29.3M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.1M to $34.8M. A statistical range, not company guidance.

Range logged 2026-09-24, receipt f6853a166fcad772, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-30 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826002366/0001683168-26-002366-index.htm))
- Item 3.01 Exchange listing notice or transfer: 3, latest 2026-08-13 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006346/0001683168-26-006346-index.htm))
- Item 2.04 Debt accelerated or triggered: 1, latest 2026-07-31 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826005878/0001683168-26-005878-index.htm))
- Item 4.02 Earlier statements no longer to be relied on: 1, latest 2026-08-17 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006537/0001683168-26-006537-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-02-03 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826000729/0001683168-26-000729-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-08-19 ([filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006601/0001683168-26-006601-index.htm))

## Recent filings

- 8-K · filed 2026-09-23 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826007304/0001683168-26-007304-index.htm)
- 8-K · filed 2026-08-19 · 1.01 Entry into a Material Definitive Agreement; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006601/0001683168-26-006601-index.htm)
- 8-K · filed 2026-08-17 · 4.02 Non-Reliance on Previously Issued Financial Statements · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006537/0001683168-26-006537-index.htm)
- 8-K · filed 2026-08-13 · 2.01 Completion of Acquisition or Disposition of Assets; 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826006346/0001683168-26-006346-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826005992/0001683168-26-005992-index.htm)
- 8-K · filed 2026-07-31 · 1.01 Entry into a Material Definitive Agreement; 2.04 Triggering Events That Accelerate a Financial Obligation; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1756180/000168316826005878/0001683168-26-005878-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001756180.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1756180

## Cite

POPS4, Edgar & Edgarette: NOCERA, INC. (NCRA) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/NCRA. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.