Nocera (NCRA)
Trades eels in Taiwan and facilitates live-streaming e-commerce.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.8M · Total debt $22.6K · Total assets $8.2M · Shareholders' equity $5.4M
- Revenue
- $2.1M
- Operating income
- −$1.2M
- Net income
- −$1.5M
No dividends on record.
| Insiders | 7.90% | 123.3K shares | |
|---|---|---|---|
| 6 holders · as of Aug 19, 2026 | |||
| Strategic holders | 2.88% | 44.9K shares | |
| 1 holder · as of Jul 1, 2026 | |||
| Other | 89.22% | 1.39M shares | |
| remainder | |||
1.56M company shares as of Sep 12, 2026 · holders as of their latest filing
Two share counts disagree (2.14M in the company's Sep 22, 2026 report, 1.56M elsewhere); stakes use the report.
1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Song-Yuan TengInsiderdirector, officer: Chief Executive Officer (Asia) | 3.85% | 60,000 | filed Aug 19, 2026 |
Andy Ching-An JinInsiderdirector, officer: Chief Executive Officer | 3.20% | 50,000 | filed Aug 19, 2026 |
HRT Financial LPStrategic10 percent owner | 2.88% | 44,902 | filed Jul 1, 2026 |
Feng-Hua ChenInsiderofficer: Chief Operating Officer | 0.21% | 3,333 | filed Apr 13, 2026 |
Sean Andrew FilsonInsiderdirector | 0.21% | 3,333 | filed Apr 13, 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 |
Not reported.


